Paradex is a self-custodial perpetuals exchange engineered for Open Finance
What is Paradex?
Paradex is a perpetuals DEX built on a Layer 2 network, providing users with a fast and secure trading experience. Paradex takes security seriously and has its own risk-engine on-chain, which means all business logic that goes into derivative transactions is validated on the L2. In order to minimize solvency risk and prevent possible market manipulations, Paradex engine performs special margin checks.
Along with the basic functions, Paradex enables the use of some advanced trading features, such as self trade prevention and receive window. You also can become a vault creator or deposit in existing vaults to access and diversify your trading strategies.
