Paradex, a decentralized perpetual derivatives exchange on the Starknet ecosystem, has announced temporary maintenance, which has now exceeded its estimated completion time. The platform remains offline, causing concern among users. Reports from the community indicate that some users have experienced liquidations in their perpetual contract trading due to unusually high funding rates. Paradex operates as a Layer 2 application chain, leveraging the liquidity of Paradigm, a crypto institutional liquidity platform, while offering the transparency and self-custody benefits of DeFi. The platform is a result of a collaboration between StarkWare and Paradigm, utilizing the Starknet developer stack.