โ๏ธFAQs
Tier 1/ Tier 2 split is a bit different from other DEXs with a high Tier 1 allocation of 80% BTC/ETH/SOL and 20% to Tier 2 - why? Paradex currently have few instruments and most volumes are traded on Tier 1 instruments, so it makes sense to focus liquidity in the majors. We will be rapid-fire adding more instruments and will adjust the program parameters accordingly.
What is the snapshot frequency? Randomized snapshot with 10-second average frequency. There is limited risk for clients of cancel/re-quote at that precise time since calculations are based off a moving average.
Is there an API endpoint for points? Yes! We have a websocket endpoint along with a REST endpoint for retreiving points data.
Will we have a dashboard for points? A Points Dashboard can be viewed on the UI. It displays a breakdown of points and underlying metrics by market and program.
I opened a trade and closed it right away by mistake. Is this trade eligible for points?
Yes, as long as you paid fees you will get Fee Points for this trade.
I traded similar volume to someone else, but I have fewer points from the Fixed Points Programs. Why? There are several factors to calculating points other than pure volume. A very major factor that can influence how many points are awarded is the share that your volume represents amongst all wallets trading. The higher your volume is in comparison to all trades, the higher the share percentage which will also mean more points. Likewise, if there is a very high number of trades going on, your volume could represent a much smaller percentage of the whole and therefore you would receive fewer points.
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