PARADEX Airdrop Qualification - Comprehensive Tutorial

PARADEX, a decentralized perpetual futures exchange on Starknet, operates a structured Experience Points (XP) farming program to determine eligibility and size for its future token distribution. The airdrop token is expected to be $DIME, with the platform allocating a significant percentage ($20% of the total supply) for the community airdrop across multiple seasons.

The current strategy for qualification revolves around earning the maximum amount of XP.

• Starting XP on Paradex here: https://app.paradex.trade/r/web3wikis

  
  

Interestingly, these days, you can also automate market making and volume on Paradex using a tool called Tread, which itself has an airdrop, all while earning Paradex XP autonomously. Access Tread here: https://app.tread.fi/referral/G0WUUAW3

See video insight:

Core Paradex XP Earning Activities (Season 2)

Paradex XP is awarded for meaningful interaction and contribution to the platform. Key activities include:

Activity	Detail	Focus
Trading Volume & Fees	Executing trades and paying associated trading fees. This is generally considered the most straightforward method.	User Adoption
Maintaining Positions	Keeping open trading positions on the platform.	Genuine Usage
Depositing Collateral	Depositing funds to be used as trading margin or into the official Paradex Vaults (protocol, vtf, community).	Liquidity/Security
Providing Liquidity	Contributing to the platform's liquidity by setting tight two-sided quotes (relevant to Quote Quality XP component).	Market Making
Inviting Friends	Using a unique referral link to bring new users to the platform. Referrers can earn a percentage of the taker fees paid by the referred user (e.g., $5\%$).	Network Growth
Community Engagement	Staying active through community research, testing new products/features, sharing alpha, and general activity on social platforms like X (Twitter) and Discord.	Ecosystem Contribution
Liquidations	Users can reportedly earn XP even when their positions are liquidated.	Risk Participation

Step-by-Step Guide to Participation

• Connect and Create Account: Go to the official Paradex website and connect your wallet (e.g., MetaMask, Argent X).

• Deposit Funds: Deposit the desired collateral (typically stablecoins) into your Paradex wallet.

• Trade and Provide Liquidity: Begin trading perpetual contracts and/or provide liquidity to the Paradex Vaults.

• Referral Link: You can invite others to join the platform using your unique referral link to earn bonus XP: https://app.paradex.trade/r/web3wikis

• Monitor Progress: Track your accumulated XP in real-time on the dedicated XP page on the platform.

Anti-Sybil Measures

Paradex employs systems to detect Sybil accounts and self-referral schemes. Eligibility checks may involve verifying platform identity (e.g., Kaito Social Score, Twitter, Discord) and analyzing platform activity. Users found to be in violation may have their XP or referral rewards voided or reduced.

See Paradex Trading video tutorial:

Interestingly, these days, you can also automate market making and volume on Paradex using a tool called Tread, which itself has an airdrop, all while earning Paradex XP autonomously. Access Tread here: https://app.tread.fi/referral/G0WUUAW3

How To Automate Trading On Paradex using Tread - Tutorial

2. Kaito InfoFi Campaign (Yaps-to-Earn)

Kaito is a platform centered on Information Finance (InfoFi), a concept that treats valuable information, content, and the attention it receives as an asset that can be rewarded. Kaito's core mechanism is the Yaps-to-Earn model.

While PARADEX does not run its own specific InfoFi campaign on Kaito, the two projects are related through Kaito's role as a platform that measures and rewards high-quality social attention, which is utilized by projects like PARADEX for Sybil detection.

Relevance of Kaito to PARADEX Qualification

• Sybil Detection: PARADEX's anti-Sybil measures explicitly state they check for user identity using social scores, including the Kaito Social Score. Maintaining a verifiable, high-quality social score on Kaito helps establish a user's legitimacy, which can be a key factor in distinguishing genuine users from multi-account farmers and increasing overall airdrop eligibility.

• Sign up on Kaito with your X account here: https://yaps.kaito.ai/referral/1639156369436835840

3. Paradex NFT Earning Campaigns

PARADEX NFT Earning

Paradex currently has an invite-only NFT campaign called THE WAITLIST that enables you qualify to earn rare NFTs that are likely to contain $DIME airdrop allocation.

To access THE WAITLIST, visit Paradex, click on THE WAITLIST tab and use invite: web3wikis to access the portal.

Badgers can move up The Waitlist by increasing their Social Score

Social Score = Referral Score x (1 + Paradex Activity Boost)

Referral Score = Referral Quality Score* x 1000

Paradex Activity Boost = XP Boost + Recency/Retention Boost + Referral Boost + Mystery Boost

Note: Your Referral Quality Score (RQS) is a composite metric derived from Kaito reputation (yaps, smart-follower signals), on-chain reputation (wallet credibility, past activity, identity proofs), and Paradex reputation (volume, open interest, TVL, and XP).

Gather some more insight about the Paradex Waitlist campaign in the video below: