Paradex is facing maintenance delays amid user concerns
According to BlockBeats, on January 19, Paradex, a decentralized perpetual Layer2 application series within the Starknet ecosystem, announced temporary maintenance. Despite the expected time for maintenance completion having passed, the protocol remains offline. Community feedback indicates that some users faced forced liquidation of their trades in perpetual contracts on Paradex due to unusually high funding rates. Public information reveals that Paradex combines liquidity from the institutional crypto platform Paradigm with the transparency and self-custody of DeFi. It operates as its own chain based on a group of Starknet developers and is the result of a six-month collaboration between StarkWare and Paradigm.$BTC $
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