Starknet Perpetual DEX undergoes abnormal maintenance, users face forced liquidation due to soaring funding rates

【Crypto World】Starknet ecosystem’s perpetual contract trading platform Paradex suddenly encounters difficulties. On January 19, the platform announced a temporary maintenance, but the situation did not proceed as expected—long after the estimated completion time, the service still had not resumed. Even more troubling, community users began reporting a serious issue: many traders on Paradex were forcibly liquidated due to abnormally soaring funding rates.

What is the product behind this malfunction? Paradex is essentially a Layer2 application chain built on Starknet developer tools stack, focusing on decentralized perpetual derivatives trading. Its uniqueness lies in blending two worlds: deep liquidity provided by the crypto institutional liquidity platform Paradigm, and the inherent transparency and self-custody features of the DeFi ecosystem. The entire project is the result of a six-month in-depth collaboration between StarkWare and Paradigm.

This incident of abnormal maintenance and funding rate surge serves as a reminder to users: even star projects within the ecosystem are not immune to operational risks. For perpetual contract traders, paying close attention to platform status and abnormal rate fluctuations is especially important.