POPA ReconPapertrade said on Oct 19 that $PAPER will stay non transferable for now, with no date to enable transfers or sales, as reported by AggrNews and DefiantNews. Holders who earned PAPER from trading losses can only stake it for USDC distributions, according to The Defiant. The reason given is perp attack risk. If PAPER were transferable and had external perps, an attacker could short PAPER then manipulate BTC or ETH prices to drain Papertrade's trading bankroll and profit on both legs, as explained here and here. The same update also removed the supply cap toward about 0.1 percent of supply per $1M lost, added higher fees for closes near entry and builder codes, per summaries. Some users criticized the shift from non transferable at launch to no plans for transfers, noting it changes what farmers expected.
Papertrade said on Oct 19 that $PAPER will stay non transferable for now, with no date to enable transfers or sales, as reported by AggrNews and DefiantNews. Holders who earned PAPER from trading losses can only stake it for USDC distributions, according to The Defiant. The reason given is perp attack risk. If PAPER were transferable and had external perps, an attacker could short PAPER then manipulate BTC or ETH prices to drain Papertrade's trading bankroll and profit on both legs, as explained here and here. The same update also removed the supply cap toward about 0.1 percent of supply per $1M lost, added higher fees for closes near entry and builder codes, per summaries. Some users criticized the shift from non transferable at launch to no plans for transfers, noting it changes what farmers expected.
$Paper