Introducing Paradex

A peer-to-peer ERC20 relay. Trade trustlessly using your own wallet.

Token trading on the blockchain is very much the wild west right now. Security problems are an always-looming danger with centralized exchanges, while unreliable order matching and slow trading speeds discourage traders from existing decentralized alternatives. The experience feels immature and innately risky.

Leveraging our background in financial markets and emerging technologies, the Augment Partners’ team is building the token trading tool that we want to use but doesn’t currently exist — where the speed & power of traditional trading meets the safety & trustlessness of decentralization.

Our solution is Paradex, a robust, peer-to-peer relay where users from all parts of the world can buy and sell ERC20 tokens on the Ethereum blockchain in a decentralized fashion.

The platform is built on top of the 0x protocol, which provides us with a simple, elegant standard for handling settlement without necessitating user accounts or taking custodianship of users’ funds. This solves the problems of trust and third-party reliance that exist on centralized exchanges, completely removing us as an attack vector. Paradex users maintain absolute control of their tokens right up until the point where their trades are validated and finalized, all while never having to create an account.

Private beta testing will begin in mid-October and a fully-functional and robust relay will debut on the Ethereum mainnet in November. Meanwhile, we’ll be unveiling more Paradex details in the coming weeks, so follow us here and on Twitter (@paradexio) to stay notified.