Why Paragon?
Mission
Build financial products for underserved and overlooked markets. Make the inactionable actionable—giving traders real buy and sell buttons for the ideas they already think in.
The Gap
Traders reference BTC.D, TOTAL2, and OTHERS daily. These indices shape narratives and drive decisions—yet remain non-actionable.
Paragon makes them tradable.
What We Enable
Trade the same indices you already track on TradingView—the tickers embedded in your workflows and analysis—as perpetual futures on Hyperliquid with up to 50x leverage.
Macro exposure — Go long TOTAL2 for broad altcoin beta without picking tokens.
Dominance trades — Long BTC.D when Bitcoin outperforms; short it during alt season.
Portfolio hedging — Short index exposure to offset spot holdings without selling.
Relative value — Pair index positions against single-asset perps for spread trades.
Why Indices Matter
Index futures dominate traditional markets (~10% of global derivatives volume) because they enable macro exposure, hedging, and relative value strategies impossible with single assets.
Reduce single-name risk — Individual tokens can gap down 50% on a single catalyst and stop you out of an otherwise correct thesis. Indices smooth out idiosyncratic volatility, letting you stay in directional trades without getting blown out by single-name moves.
One position, broad exposure — Instead of managing multiple legs with separate stop losses and calculating combined funding, you get clean market exposure in a single instrument.
Paragon brings this toolkit to crypto.
Built on Hyperliquid
Paragon deploys via HIP-3, inheriting Hyperliquid's:
Low-latency order matching
Deep liquidity infrastructure
Battle-tested margin and liquidation systems
Direct listing on app.hyperliquid.xyz
No new venue. No fragmented liquidity. Your capital stays where it is.
Vision
Long-term, Paragon aims to be the canonical benchmark provider for digital assets—akin to S&P or MSCI in traditional finance.
Our products will live wherever traders and capital operate.
Transparent Methodology
Every index follows a published, auditable methodology:
Constituent list and weightings publicly available
Real-time price updates from multiple data sources
Daily rebalancing with clear rules
Market makers can hedge efficiently. Traders can verify what they're trading.
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