Papertrade Traders Lose $18.2 Million as Staking Rewards Hit $12.6 Million
Key Highlights Papertrade launched frontend trading following a HyperEVM network upgrade, offering users leverage of up to 1,000x on synthetic BTC and ETH positions. Trading runs against a unified house liquidity pool holding about $5.01 million, where stakers earn surplus capital and protocol fees above a $5 million threshold funded by trader losses. PAPER token ...