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$DIME is designed for the long term. Over the past several weeks, we have been focused on two things: building the foundation for Transparency, Alignment & Governance (TAG), and meaningfully reducing near-term circulating supply through buybacks and extended lockups.

1. Introducing $DIME TAG Center

Paradex has launched the $DIME TAG Center – our commitment to best-in-class Transparency, Alignment & Governance for the $DIME Token. As a first step, we've published a new overview dashboard within the Paradex App, surfacing key metrics including Total Supply, Circulating Supply, and $DIME buybacks, with L1 wallets mapped to their tokenomics allocation categories.

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2. Removed ~7% of $DIME from Circulation via Buybacks

As of April 1, 2026, cumulative buybacks from both Paradigm and Paradex represent 6.9% of total $DIME supply, reducing $DIMEs circulating supply to ~20%.

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• Prior to TGE, Paradex repurchased 4.4% of $DIME's total supply through XP repurchases, reducing the Genesis airdrop allocation from 25.0% to 20.6%.
• Following TGE, both Paradex (funded by net protocol revenue) and Paradigm (funded by its balance sheet) have actively repurchased 2.5% of total $DIME supply on the open market.

Going forward, both Paradex and Paradigm will perform weekly transfers to move all buyback activity from the Paradex Chain to their respective L1 wallets, ensuring all transactions remain publicly verifiable on Ethereum.

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3. Re-locked Paradigm Shareholders And Paradex Team

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Paradigm Preferred Shareholders

To support the long-term health of $DIME, Paradigm Preferred Shareholders have relocked their token allocations, representing 10.4% of fully diluted supply. No tokens will unlock prior to April 5, 2027, and the linear unlock period has been extended from 12 to 20 months.

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Paradex Core Contributors

Unlock schedules for Paradex Core Contributors (29.0%) and ex-Paradigm Team members (1.0%) have also been extended, with the cliff moved from March 5, 2027 to August 5, 2027. Importantly, 80% of the Core Contributors allocation is subject to a Dual Trigger unlock condition. Tokens in this tranche unlock only when both conditions are met:

• Time: the August 5, 2027 cliff has passed, with monthly unlocking at 1/48th per month thereafter
• Performance: A corresponding performance milestone must also have been achieved

As a result, meeting the time condition alone is not sufficient for the 80% performance tranche to unlock. The full performance milestone framework will be published in a dedicated post shortly and added to the $DIME TAG Center dashboard. The remaining 20% of the Core Contributors allocation follows the time based schedule only and provides a baseline vesting structure.

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4. Updated $DIME Holdings by Tokenomics Allocation

The following table shows $DIME token movements between TGE and April 1, 2026:

¹ 2.3% of $DIME was loaned to professional market makers to support liquidity on $DIME markets across Paradex and other on- and off-chain venues as well as  seed AMM liquidity.

² 1.8% of $DIME was earned by professional market markers for the provision of liquidity on Paradex prior to TGE. Additional programs are being launched to encourage continued liquidity on perps, options and spot markets. 

³ Strategic partners unlocked 0.5% (of ~1% grant) and Paradigm sold 0.46% to new strategic investors via its balance sheet holdings.

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Looking Ahead

The wallets for each category are labeled on the overview tab of the $DIME TAG Center, providing the community clear visibility into token distribution over time. The TAG Center will continue to evolve with more disclosures planned across all three pillars of TAG (Transparency, Alignment & Governance).

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