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🎉 Gate 2025 Gala | Year-End Selection
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Perpetual DEX Paradex announces temporary maintenance, community rumors suggest a major vulnerability in the protocol
ChainCatcher Message, according to official website information, Starknet ecosystem Perp DEX Paradex announced a temporary maintenance. The expected completion time has passed, but the protocol is still not online.
According to community feedback, some users’ perpetual contract trades on Paradex were forcibly liquidated due to abnormally high funding rates. Public information shows that Paradex is a decentralized perpetual derivatives Layer2 application chain, which combines liquidity from the crypto institutional liquidity platform Paradigm with DeFi transparency and self-custody. It will operate as its own chain based on the Starknet developer stack and is the result of a six-month ongoing collaboration between StarkWare and Paradigm.