Exchanges· ★★· neutral·

Papertrade Shows $10.3M in Staker Rewards Hours After Launch

  • —Papertrade's dashboard showed about $10.3 million in staker rewards
  • —The venue's house pool held roughly $5 million
  • —No payout debt was queued, with trading losses funding PAPER rewards
  • —The platform runs on HyperEVM with leverage up to 1000x
Why it matters: The pace of rewards and pool growth will test whether Papertrade's model of funding payouts from trader losses is sustainable.
Source: The Defiant