DIME Utility
$DIME is the native token of the Paradex ecosystem.
$DIME is the native token of the Paradex ecosystem.
Net revenue generated from protocol fees will be used to buy back $DIME and/or fund ecosystem growth initiatives. Buybacks are executed periodically (e.g. Daily TWAP) using available net revenue.
The account that conducts buybacks is 0x3f38009a58bfc930a399ef9670ee60b355d9d22ea79709f2243182989d16709 and its $DIME balance can be viewed here
Pay fees in $DIME for a flat 40% discount. Fees are deducted from your spot $DIME balance at the $DIME ↔ USDC mark price at transaction time.
A user who stakes 100K $DIME (15% staking discount) and pays fees in $DIME (40% $DIME fee discount) gets a total discount of 55% (15% + 40%), applied to their volume based taker fee.
For the full fee schedule and volume tiers, see Trading Fees.
Stake $DIME for tiered Spot & Perps taker fee discounts, up to 30%.
To unstake, submit an unstaking request at any time. A 24 hour cooldown follows, after which you must confirm to receive your funds.
$DIME is intended to be the gas token for Paradex Chain (DimeVM), a general-purpose smart contract platform powered by Cairo. DimeVM shares state with the Paradex Exchange, enabling a composable, high-throughput execution environment where onchain applications can interact with the liquidity and privacy infrastructure built on Paradex.