From DEX → Chain
A credible, user-first path from real utility today to a purpose-built Layer 1 tomorrow.
Paragon is built on a simple truth: users don’t need another empty chain—they need a better on-ramp to one. We start where adoption actually happens: a production DEX with transparent incentives and real liquidity. As usage compounds, we graduate to Paragon Chain, a modular L1 designed for throughput, safety, and developer speed.
The thesis
Liquidity creates network effects faster than promises. By distributing XPGN to active traders, LPs, and builders on BNB today, we seed a community that’s earned—not advertised. When the time is right, XPGN becomes gas and security on Paragon Chain, and existing liquidity bridges across.
What makes Paragon different
- Liquidity-first rollout. Useful on day one; sustainable by design.
- MoveVM + parallel execution. Safety and speed without EVM baggage.
- Modular feature set. DeFi primitives, RWA registry, AI compute—upgradable without drama.
- Builder-first tooling. CLI, SDKs, templates, faucets, and a transparent roadmap.
- DAO-directed treasury. Grants, POL, and buybacks with on-chain accountability.
Principles
- Community before venture capital
- Utility before hype
- Clarity over complexity
- Credible neutrality
- Upgradable, not unstable
How we get there
- Phase 0 — DEX & Vaults (BNB). Ship, iterate, and distribute XPGN to real users.
- Phase 1 — Public Testnet. Validator incentives, tooling, explorer, and bridges.
- Phase 2 — Mainnet L1. MoveVM core, EVM↔Move bridges, RWA + AI modules, DAO live.
Paragon Protocol (DEX)
A production DEX that optimizes for real user outcomes: best execution, compounding yield, and a clean path into long-term governance.
- Routes across pools/aggregators to beat the on-chain quote.
- If we improve your price, the improvement streams back as cash-back.
- No “royalties” or perf fees—just best execution that shares its edge with the trader.
- Optional: harvest rewards → swap → restake—on your behalf.
- Keeps rewards productive without daily babysitting.
- LPs opt-in per pool; fully transparent steps and costs.
- Guard-railed automations: harvest, rebalance, migrate liquidity.
- Human-set policy, agent-executed tasks with circuit-breakers.
- Write-audit trail so strategies remain explainable.
- Usage → Points → emissions direction via veXPGN.
- Gauges have caps and safety checks to reduce mercenary farming.
- POL backs the most efficient/safer pools over time.
- Quote-time slippage and tx-quality heuristics.
- Private/flash-tx relays where available (opt-in).
- Retries with bounded gas to avoid “death by reverts”.
- Simple swap fee + network gas; that’s it.
- Cash-back share comes from price improvement, not new fees.
- Monthly fee breakdowns posted to DAO.
- • Most send all routing edge to LPs or MEV; users get only the quote.
- • Auto-compounders are off-platform and black-box.
- • Emissions can be uncapped and bribe-driven.
- • Paragon Payflow returns price-improvement to the trader as cash-back.
- • Auto-Yield Router is native, transparent, and optional.
- • veXPGN gauges have caps/safety gates + POL reinforcement.
veXPGN & DAO
Governance that rewards long-term alignment, not short-term mercenaries.
Stake XPGN → receive veXPGN voting power that decays over time. Direct emissions to efficient pools with safety caps that prevent runaway dilution.
A share of Payflow cash-back + protocol fees supports buybacks/POL. Value accrues to the DAO and reinforces pools that pass risk/efficiency checks.
Proposals must specify budgets, milestones, and on-chain KPIs. Delegation is built-in; small holders can aggregate voice without giving up custody.
Vote decay, per-pool caps, and conflict-of-interest disclosures reduce plutocracy and bribe-only outcomes. Security reviews required for high-emission pools.
Module-based governance (gauges, routers, agents). Each module can evolve via proposal without destabilizing the whole protocol.
For builders
Ship faster with a stable base and a clear path to users.
CLI, SDKs, templates, explorer, faucets, and examples for both EVM and Move.
Bridge liquidity and state between BNB and Paragon with zk-verified messages.
DAO grants and protocol-owned liquidity to accelerate products with real users.
Governance & Treasury
Accountable capital allocation—visible on-chain.
Community proposals steer upgrades, emissions, and partnerships. Guardrails prevent capture and protect safety.
Transparent budgets for grants, liquidity, and buybacks—prioritizing long-term health over short-term optics.
Trade on the DEX today, test validators tomorrow, shape mainnet together.