Papertrade Trader Loses $979K to Earn $1.73M in PAPER Staking Rewards
- —$10.1 billion notional volume on Papertrade's HyperEVM launch day, October 10
- —$979K loss minted 252 million PAPER at 100 tokens per dollar
- —Staking yielded $1.73 million in USDC, averaging about $220K per day
- —Protocol has paid over $51 million in rewards with 8.45 billion PAPER staked
Why it matters: The case shows loss-farming PAPER pays only while staking yield exceeds the cost of losses; the balance may shift once transfers go live.
Source: The Crypto Times