According to a ChainCatcher report, Paradex announced on its maintenance page that the issue has been identified, and the chain state will be rolled back to block 1604710 (UTC time 04:27:54). This is the state before the database maintenance and is currently the last known correct state. All accounts will be restored to the state before the database maintenance. Previously reported by ChainCatcher, Paradex, a perpetual DEX on the Starknet ecosystem, announced temporary maintenance. However, the protocol has yet to come back online even after the estimated maintenance completion time. According to community feedback, some users on Paradex experienced forced liquidations of their perpetual contracts due to abnormally high funding rates.
Paradex Announces Chain Rollback to Restore User Accounts to Pre-Maintenance State
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Summary
According to on-chain news, Paradex has announced a chain rollback to restore user accounts to their pre-maintenance state. The protocol will revert to block 1604710 (UTC 04:27:54), the last known correct state before maintenance began. This protocol update aims to address issues caused by abnormally high funding rates during the maintenance period, which led to forced liquidations for some users. Operations have yet to resume, and the maintenance has exceeded the expected timeline.
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