Papertrade's PAPER Transfer Restriction Puts USDC Payouts in Focus
Photo: TokenPost
Papertrade’s decision to restrict PAPER transfers outside its contracts leaves traders who earn the token from losses relying on USD Coin (USDC) staking distributions to offset those losses. The restriction does not lock tokens in staking. Holders can unstake immediately and claim and withdraw their USDC distributions. PAPER earned through eligible losses and liquidations, however, cannot be sent outside the platform’s contracts for a direct token sale. Papertrade kept outside transfers closed over concern that an attacker could pair a short position in PAPER with price manipulation to extract value from its liquidity pool.
Source: TokenPost
