Today, Paradex @ tradepartex and Pyth @ PythNetwork held a very exciting AMA. If you missed the live broadcast, you can go to @ fiddybps1 to watch the review of the live broadcast Of course, if you find it troublesome, I have also summarized all the contents of AMA for you!!! If you are not familiar with Paradox yet, the content of AMA should be said to be a very comprehensive introduction to Paradox, including super chain construction, privacy, XUSD, Money Badgers NFT, DIME, etc., as follows 👇👇👇 Why is the usage rate of encrypted options lower than that of perpetual contracts? Perpetual contracts are widely popular due to their high leverage, high volatility, and asymmetric returns similar to options, with risk limited through clearing mechanisms. In contrast, encrypted options have high costs due to their high implied volatility, such as purchasing insurance for volatile assets. Before the volatility of Bitcoin decreases, the use of options in retail and DeFi will continue to lag behind. What is Paradox building on a Superchain? The goal of Paradox is to create a seamless trading chain that supports functions such as trading, lending, and combination trading, solving the problem of decentralized functionality on DeFi platforms. Driven by ZK technology, Paradex controls the entire execution stack, providing institutional level transaction performance and composability. Is a super chain open or closed? The initial focus is on Paradex products, and the long-term vision is an open financial infrastructure for other protocols and businesses to access, providing core financial primitives such as liquidity, privacy, and performance, and building an open liquidity center. How does Paradex handle privacy? Privacy is a fundamental requirement, especially for institutional traders who need to hide their positions and transaction details to avoid preemptive trading. Super Chain will achieve complete privacy through encrypted accounts and is expected to be launched within 6 months. Prior to this, privacy goals were achieved through L2's RPC mask and L1's DA encryption, relying on an efficient STRK technology stack. Do users need privacy? The RFQ business model exists due to the need for large traders to hide orders, serving over 3000 institutional clients with billions of transactions, proving that privacy is a core requirement. Clear requirements. @tradeparadigms Does privacy affect user experience? can't. Privacy is implemented at the chain level, and the user experience is no different from centralized exchanges, with no additional operations and seamless execution and encrypted privacy. What is XUSD? Why do we need stablecoins? XUSD is not only a stablecoin anchored to the US dollar, but also provides risk-free returns by automatically converting idle capital into a neutral strategy (spot long+perpetual short). By combining investment portfolio margin, users can achieve higher returns with less capital, turning static assets into income tools. Does XUSD compete with USDC? Not directly competing. XUSD provides optional revenue functionality for Paradex users, which can be verified on chain and transferred across chains. The difference is that revenue is generated through DeFi mechanisms, rather than relying solely on custody stability. What is the difference between Paradox and Hyperliquid? Hyperliquid proves the performance and commercial feasibility of on chain exchanges, while Paradex is committed to building an integrated super application that prioritizes building product depth and user experience, and then expanding chain infrastructure to maintain composability and privacy. Will Paradex issue tokens? DIME tokens will be issued, with a focus on accumulating value through protocol revenue rather than just providing governance rights, reflecting the market's demand for cash flow. Token Value: Repurchase or Dividend? At present, there is a tendency towards repurchase due to its clear regulatory framework and significant impact on the supply side. The Importance of Community Ownership? Community is a key stakeholder in brand, governance, and growth, and Paradex empowers communities with real power through economic incentives and influence, emphasizing the importance of communities for the expansion of Web3 projects. What are Money Badgers? Money Badgers is Paradox's NFT and meme coin brand, representing the attention economy of cryptocurrency, aimed at rewarding early supporters through memes, identities, and communities. It is expected to be launched in about a month. What is the purpose of NFT? NFT is not only a decoration, but also serves as an identity identifier, early access pass, providing advanced features, testing rights, fee reductions, and continuous airdrops, aiming to establish a long-term cultural cycle through tokenized loyalty. Community promotion strategy? Adopting a concentric circle strategy: prioritizing rewards for core supporters, attracting early users through NFT and meme ecosystems, gradually expanding, providing airdrops, incentives, and other project access rights, and building long-term loyal community assets.