Paradex DIME Airdrop Guide

Project Background and Core Positioning

Paradex is a decentralized derivatives trading protocol incubated by Coinbase, focusing on perpetual contracts and options markets. Paradex announced the launch of its native token, DIME, in 2024 with the aim of incentivizing early users and liquidity providers through a “Genesis Airdrop” while building a decentralized governance system. The protocol employs a hybrid order book and AMM mechanism, supporting up to 100x leverage, with an average daily trading volume exceeding USD 430 million, capturing 12% of the decentralized derivatives market share.

The total supply of the DIME token is 1 billion tokens, of which 35% is allocated for community incentives (including airdrops and liquidity mining), 20% for the core development team, and the remaining 45% gradually released through the DAO treasury. The token’s core functions include fee discounts, governance voting rights, and liquidity pool yield bonuses.

Airdrop Mechanism Design Logic

The DIME airdrop on Paradex is divided into two phases: the Genesis Airdrop and the Sustained Airdrop, aimed at balancing early contributor incentives with long-term ecosystem building.

Genesis Airdrop (March – June 2025)
This phase targets historically active users with a snapshot taken from January 1, 2024, to February 28, 2025. Airdrop eligibility is determined based on three dimensions:

• Trading Volume Contribution: Users with a cumulative trading volume exceeding USD 10,000 will receive 50 DIME for every USD 10,000 traded;
• Liquidity Provision: Users providing liquidity on major trading pairs such as ETH/USDC and BTC/USDC will receive rewards proportionate to their TVL share;
• Community Governance Participation: Users participating in Paradex forum proposal discussions and testnet feedback can earn up to 500 DIME in rewards.

Sustained Airdrop (Starting July 2025)
This phase uses a dynamic distribution model, adjusting rewards quarterly based on user behavioral data:

• Trading Frequency Factor: Users who make 30 or more trades in a quarter receive a 20% increase in base rewards;
• Holding Loyalty: Users holding at least 100 DIME in their wallets without transferring them receive a 1.5x reward multiplier;
• Referral Multiplier: For every 3 new effective trading users (with a quarterly trading volume of at least USD 5,000) brought in through a unique referral code, the referrer receives 15% of the referred user’s reward.

Airdrop Participation and Operational Process

Users must complete the following steps to qualify for the DIME airdrop:

Registration and Identity Verification: Visit the Paradex website to register an account, complete account creation, and connect a wallet account. Institutional users must additionally submit company registration documents.

On-Chain Interaction Requirements:

• Trading Activity: Execute at least 5 trades in perpetual contracts or options on Paradex, with a minimum of USD 100 per trade;
• Liquidity Provision: Inject at least 500 USDC into the ETH/USDC pool and hold the LP token until the airdrop distribution date;
• Governance Participation: Vote on at least one proposal on the Snapshot platform using the wallet address linked to the trading account.

Reward Claiming and Lock-Up: After the airdrop is distributed, users must claim their rewards on the Paradex platform or a partner exchange (such as JuCoin) within 90 days. If they choose the “Yield Enhancement Mode,” locking 50% of the airdropped tokens for 180 days will grant an additional 30% bonus reward.

Risk Warnings and Strategic Recommendations

• Tax Compliance: In some countries, airdrop rewards are considered taxable income;
• Security Protection: Beware of fake airdrop links; operate only through the official website and authorized partner channels;
• Market Volatility: DIME token prices may experience extreme fluctuations in the early stages of listing, so it is advisable to claim rewards in batches to hedge against risk.

Paradex’s meticulously designed airdrop mechanism deeply binds user behavior with token value. For participants, understanding the detailed rules and developing a sustainable engagement strategy is key to maximizing airdrop rewards.