$14.4 billion in notional volume in 10 minutes
Papertrade hit $14.4 billion in notional trading volume in under 10 minutes of launching. BTC futures open interest is $3 billion, and ETH futures open interest is $2.66 billion.
For every $1 users lose, the protocol mints 100 PAPER according to a curve. Once the LP balance exceeds $2 million, the minting rate starts to taper off—the more money there is, the slower the printing.
This mechanism turns losses directly into token supply. The harder traders lose, the heavier the selling pressure on PAPER; the deeper the LP, the faster inflation tapers off. Short-term gamblers contribute fees and get liquidated, while the protocol uses their losses as fuel.
Would you dare jump in here, take losses, and farm PAPER—or wait until the LP exceeds $2 million and see how quickly the rate tapers off?
$PAPER $BTC $ETH
#DeFi #Perpetual trading
Papertrade hit $14.4 billion in notional trading volume in under 10 minutes of launching. BTC futures open interest is $3 billion, and ETH futures open interest is $2.66 billion.
For every $1 users lose, the protocol mints 100 PAPER according to a curve. Once the LP balance exceeds $2 million, the minting rate starts to taper off—the more money there is, the slower the printing.
This mechanism turns losses directly into token supply. The harder traders lose, the heavier the selling pressure on PAPER; the deeper the LP, the faster inflation tapers off. Short-term gamblers contribute fees and get liquidated, while the protocol uses their losses as fuel.
Would you dare jump in here, take losses, and farm PAPER—or wait until the LP exceeds $2 million and see how quickly the rate tapers off?
$PAPER $BTC $ETH
#DeFi #Perpetual trading