These digests summarize the progress that we’ve made over the last month. If you’re new to Paradigm, you can read our introduction article here.

Highlights this month:

OrderStream testnet reaches 500,000+ block height

Alpha SubContractSDK released

Liquidity incentivization research update

OrderStream testnet reaches 500,000+ block height:

Reaching 500,000 blocks doesn’t sound like a typical cause for celebration. However with no detected issues it’s a good signal of the increasing stability of our OrderStream network node software.

This particular testnet version was terminated on Saturday (11/17) around block height 580,000 in order to upgrade validator nodes to the newest development version of ParadigmCore, the reference implementation of the OrderStream relay network.

Since restarting this network with a new ParadigmCore version, as of Friday (11/23), the testnet has now surpassed a block height of 800,000 (and rising). We’ll be releasing further testing milestones on our Reddit.

Alpha SubContractSDK released:

If you’ve been eager to start experimenting with Paradigm, we have exciting news for you. This month we made an early version of our SubContract Source Development Kit (SDK) and a set of working SubContract examples public. The SubContractSDK is available for pre-release testing and can be used to start wrapping or creating your own smart contract-based settlement logic.

The SubContract examples currently consist of contracts that implement existing Ethereum settlement logic. For now, the working examples created by the Paradigm team exist for 0x (v1 and v2), Dharma, and dYdX. Each SubContract has its own README to step you through the setup process — so feel free to explore the repositories, and if you have any feedback, I invite you to reach out to the team directly through our official Paradigm chat.

Liquidity incentivization research update:

“How will Paradigm encourage market makers?” is a question we frequently receive. This month our research update explores the methods and approaches around liquidity and market maker incentivization in traditional contexts, and the potential approaches we could take with Paradigm. The post highlights the implications of regulation and electronic markets, like minimum tick prices, as well as the effects of liquidity rebates for market makers.

To sum up the update and our position on liquidity incentives — we understand the importance of market makers for liquid and efficient markets, but as takers are normally urgent market participants, it is our belief that the urgency of takers should be reflected in the price they pay and thus the bid-offer spread from which makers profit. There is still more research and testing to be done in this space, especially in regards to the initial bootstrapping of liquidity, so make sure you’re subscribed for future updates.

We’re hiring:

We’re looking for a distributed systems engineer. If you’re interested in getting involved with Paradigm, or know someone who would be a great fit then please reach out to directly.

Official Paradigm community channels: