โœด๏ธPoints Program

Overview of the Paradex Points Program

Program Overview

Paradexโ€™s points program began on February 1st 2024 (00:00 UTC) and seeks to reward users for contributing to the growth and success of the Paradex protocol.

The program has both fixed and variable components:

Fixed Points (1M points per week)

Fee Points

  • 700,000 points per week

  • Allocated to users based on their share of total fee paying trading volume

Maker Points

  • 300,000 points per week

  • Allocated to users for providing liquidity to Paradex order books and their share of maker trading volume (non aggressive order types, i.e. limit orders)

Fee Points and Maker Points points are further sub-allocated by instrument.

If youโ€™d like to go full ๐Ÿค“ degen mode, all details and nuances of the program are available in the Fixed Points Programs section.

Variable Points (Based on User Activity)

Open Interest ("OI") Points

  • 10 points per week per $1,000 in OI on the platform ($10M OI cap per user)

  • Distributed based on a user's average open interest across all open positions

Total Value Locked ("TVL") Points

  • 20 points per week per $1,000 in TVL held on the platform ($1M TVL cap per user)

  • Distributed based on a user's average TVL held on Paradex

"Other" Points

  • Catch all bucket for points earned by a user's referral/affiliate points matching bonus (+10% of referred user points earnings) and other discretionary point awards

  • From time to time Paradex will launch ad hoc points campaigns such as the HODL Szn Points 5x OI points boost campaign that launched on June 6th.

Points are generally distributed continuously over each week (i.e. there is no single weekly distribution) with exceptions where noted.

OI, TVL and "Other" Points are separate from the fixed 1,000,000 points per week distributed to the Fee and Maker points programs. These programs are currently uncapped based on user activity.

Illustrative Points Earning Example

The below table is a simplified weekly points earning example of a Paradex user named "Karen" (purely for illustrative purposes).

Based on the following user metrics (TVL, Open Interest, Taker / Maker Volume) and an exchange ADV of $200M, Karen could estimate her weekly points earning to be the following:

Karen's MetricsProgramKaren's Points Earned

Average TVL

$5,000

TVL Points

100

Average Open Interest

$25,000

OI Points

250

Taker Volume (Mkt Share)

$1,000,000 (0.071%)

Fee Points

500

Maker Volume (Mkt Share)

$500,000 (0.036%)

Maker Points

107

Total

957

The example above is for illustrative purposes only and simplifies Fee Points and Maker Points calculations significantly. It also ignores the sub allocation of points between instruments. Refer to Fixed Points Programs for the detailed methodology.

Eligibility

The programs are open to ALL users (with the exception of Restricted Persons as defined in the Terms of Service)

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