Paradex@paradex
XP Season 2: Week 56
+ Season 2 has officially ended. 6M XP was distributed across 20,244 wallets for activity during the final period of Jan23-Jan29 (18.5% w-o-w)
+ 672K XP was distributed to referral codes and affiliates of which 264K XP was distributed to referred users
+ The Waitlist snapshot will be taken on 31 January at 00:00 UTC
+ 38 BadgerBoxes have been dropped to users that crossed 25k XP this week
The Path to TGE
Airdrop and S2 Upsize
+ 25% of the fully diluted supply will be dropped to all XP holders at TGE. This allocation remains fully unlocked
+ 20% will be allocated to Season 2 XP holders representing a 5% increase to the base allocation of 15%
+ 5% will be allocated to Pre-Season and Season 1 XP holders (unchanged)
+ S2 was incredibly successful by all measures. Average daily volume grew from $68M to $2.1B (31x), open Interest increased from $28M to $679M (24x), TVL rose from $25M to $218M (9x), and total users grew from 4100 to 70,300 (17x). Thank you for supporting us.
TGE
+ $DIME TGE is planned for after the Chinese New Year holiday, targeting the last week of February or the first week of March. The Paradex Foundation will share the official date in a later announcement.
+ $DIME will be initially listed on Paradex spot markets
Season 3 - Spot, RWA Perps and Options
+ XP Season 3 will commence on Feb 1 and will focus on Spot, RWA Perps and Options.
+ All eligible Season 3 activity will be tracked and rewarded starting Feb 1. The first weekly XP distribution will occur after TGE to allow the team to focus on the TGE.