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Next generation exchange Paradex is an onchain derivatives exchange built for serious traders. Built on Starknet (Privacy arc) 🥷, Paradex combines low-latency performance with full self-custody — CEX-level execution without giving up your keys. In this episode, we dive into how Paradex is re-architecting perps for the onchain era,...

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Our fearless leader fiddy.dime - priv/acc 🦡 sat down with Carl Bergman of Reverie for an action packed episode covering the dominance of perp dexes, the role of convexity, volatility and margin, building on Starknet (Privacy arc) 🥷 and competing in a really difficult and dynamic market. Lots of gems in here for anyone looking to learn more about building a derivatives exchange! 1️⃣ Commodities to crypto: Anand’s origin story 00:00 Paradigm’s role in birthing crypto options markets 05:00 FTX’s collapse and counterparty risk 06:30 Blockchains as trust machines, the birth of Paradex 2️⃣ Why do institutional liquidity networks exist? 08:07 What is an Institutional Liquidity Network? 10:06 Block trading for large and complex orders 12:40 How Paradigm killed the voice-brokers 3️⃣ The evolution of Crypto Derivatives markets 13:05 The rise and success of Perpetual swaps 15:32 Why perps killed options in crypto? 24:35 Is volatility a good thing? 27:00 How Paradex prevents “scam-wicks” 4️⃣ Why build Paradex? 31:00 Why build a decentralized perps exchange? 32:20 Custodial solutions are under attack 5️⃣ Why Starknet ? 34:00 Paradex as a high throughput Derivatives L2 35:10 Modular vs Monolithic 38:37 Paradex is the KILLER App! 🤙 6️⃣ Competing in a really difficult market 44:45 Are points the new meta? 45:30 Paradex Pro League 47:20 Addressing points fatigue via long-term PMF 7️⃣ GTM Sequencing and Points Program Design 52:40 Bootstrapping liquidity 54:20 Listing shitcoins VS blue chips 57:00 Pre-launch markets and innovation in Defi

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