Perpetual DEX Paradex announces temporary maintenance, community rumors of a major protocol vulnerability

BlockBeats News, January 19th, according to the official website information, the Starknet ecosystem Perp DEX Paradex announced emergency maintenance, the expected maintenance completion time has passed, but the protocol is still not online.

According to community feedback, some users were liquidated in their perpetual contract trades on Paradex due to abnormally high funding rates.

Public information shows that Paradex is a decentralized perpetual derivative Layer2 application chain that combines the liquidity of the crypto institutional platform Paradigm with the transparency and self-custody of DeFi. It will operate as its own chain based on the Starknet developer stack and is the result of a six-month collaboration between StarkWare and Paradigm.