It's normal for a lot of steels, including S30V, to lose their edge somewhat when cutting a lot of cardboard. That's a pretty tough and often dirty material to cut. The fact that it comes back quickly with stropping seems to indicate that it isn't really damaged or heavily dulled. The strop is straightening and refining the edge a bit when you use it and that's bringing it back to it's razor sharpness.
It's possible that the edge is a little on the thin side. The final sharpening on these knives is done by hand so there will be some deviation from the 30 degrees or so that they shoot for. You can strengthen the edge a bit by using a microbevel, but you'll still experience a loss of the edge when cutting a lot of cardboard. Another factor might be that the steel right at the edge on a new Para 2 is a bit weak from the final factory sharpening. Some people have reported that using stones and actually resharpening their blades to expose new steel has stabilized the edge and increased it's performance.