POPA ReconPapertrade Sets Oct 10 Launch for 1000x Perps DEX
Papertrade Sets Oct 10 Launch for 1000x Perps DEX Papertrade set an October 10 launch for its synthetic perps exchange on Hyperliquid. BTC and ETH go live first with up to 1000x leverage and a $10M position cap. Every trade is a swap against the protocol's LP at Hyperliquid's order-book mid, so there is no slippage, spread or funding. The LP starts at $0 and grows only from traders' losses. To stay solvent, profitable closes take a haircut that scales with the price move. PAPER stakers earn a share of LP revenue in USDC. PAPER has no team, VC or airdrop allocation: it mints only on losing t…
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