Papertrade keeps PAPER non-transferable, citing perp attack risks
- —PAPER remains non-transferable, so holders cannot sell or move the token
- —Staking PAPER pays USDC distributions to holders who earned it via trading losses
- —No timeline has been announced for unlocking PAPER transfers
Why it matters: Blocking transfers curbs manipulation risk through perps, but leaves holders without liquidity or an exit.
Source: The Defiant