Airdrop Category

Perpetual

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Perpetual Hyperliquid

Paragon

Paragon is a market infrastructure protocol built on Hyperliquid that turns widely tracked crypto indices into tradable perpetual futures. The three available markets are $BTC.D (Bitcoin dominance), $TOTAL2 (total crypto market cap excluding BTC), and $OTHERS (total market cap excluding the top 10). Rather than managing a basket of positions to express a macro view, traders can take a single on-chain position against benchmarks they already chart.