Papertrade faces oracle manipulation allegation as its loss-funded pool shows $3M
Photo: Crypto Briefing
The 1000x synthetic perpetuals exchange on HyperEVM pays winners from other traders' losses, and its single price feed is now under scrutiny Papertrade, a synthetic perpetuals exchange on HyperEVM, is facing an oracle manipulation allegation, according to The Defiant. The allegation has not been confirmed. The platform’s core liquidity pool, which pays out winning traders, held approximately $3.15M shortly after launch. That is a modest cushion for a venue offering up to 1000x leverage. The platform has no traditional order book and no funding rates. Instead, winning traders collect profits from a shared pool called the Martingaler LP.
Also reported by The Defiant.
Source: Crypto Briefing
