sanyi.eth
sanyi.eth|Oct 21, 2025 07:06
The flash crash on the 11th—wallets affected on @paradex can get some extra XP. A total of 200k XP was distributed, all from the team’s non-dilutive XP, not newly issued. Don’t forget to check it out! Link: https://app.paradex.trade/r/sanyi For users who suffered financial losses on that day, if I remember correctly, the official compensation was already issued on the 14th. About 60wu was compensated, and another 16wu was given to users affected by incorrect liquidations. So this XP giveaway is actually an extra bit of benefit. Looking back at the flash crash on the 11th, among the few Perp DEXs that everyone frequently uses, the best performer—aside from @HyperliquidX—was @paradex, followed by @Aster_DEX, and lastly @Lighter_xyz. The team had mentioned before that they deployed a Cairo Native on the testnet months ago, which can instantly double throughput. When the flash crash happened on the 11th, the team happened to roll it out. This directly prevented GL from collapsing. They also froze and audited the PNL changes caused by liquidation on GL. Pretty solid stuff. Their response speed and repayment speed are definitely top-tier in this space. That said, the hype around Perp has cooled off a bit recently. Especially a few days ago, Lighter went hard and purged a batch of accounts, which hit a lot of people’s confidence. If you’re planning to farm Perp, make sure to pay attention to cross-platform hedging and the project’s security mechanisms. Don’t end up farming profits only to blow up your principal—it’s just not worth it.
+4
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads