Papertrade goes live with $138 million deposited
- HyperEVM synthetic perpetuals protocol Papertrade has officially launched, with 11,465 addresses depositing $138 million.
- Prices are based on the midpoint of the BBO on Hyperliquid’s order book. Users trade directly against the protocol’s LPs, with a focus on high leverage, zero slippage, and no funding fees.
PAPER has a zero initial supply, with no pre-mine and no team or VC allocation. The only source of new tokens is user losses and liquidations. At launch, tokens cannot be freely transferred and can only be staked.
$138 million in real money has already poured in, adding another derivatives venue to HyperEVM. HYPE holders, would you stake in a project where tokens are minted only when other people get liquidated?
$HYPE $GMX $DYDX
#HyperEVM #DeFi
- HyperEVM synthetic perpetuals protocol Papertrade has officially launched, with 11,465 addresses depositing $138 million.
- Prices are based on the midpoint of the BBO on Hyperliquid’s order book. Users trade directly against the protocol’s LPs, with a focus on high leverage, zero slippage, and no funding fees.
PAPER has a zero initial supply, with no pre-mine and no team or VC allocation. The only source of new tokens is user losses and liquidations. At launch, tokens cannot be freely transferred and can only be staked.
$138 million in real money has already poured in, adding another derivatives venue to HyperEVM. HYPE holders, would you stake in a project where tokens are minted only when other people get liquidated?
$HYPE $GMX $DYDX
#HyperEVM #DeFi