Papertrade Users Lose $4.73 Million After Generating $80 Billion Volume

Papertrade users have generated more than $80 billion in nominal trading volume while collectively losing $4.73 million, highlighting the cost of farming the platform’s PAPER token. The figures were recorded within the first hour after Papertrade launched on Oct. 10. The platform’s reward design links token issuance to user losses: For every $1 lost, the protocol mints a specified amount of PAPER according to a curve. When liquidity-provider balances were below $2 million, the issuance rate was fixed at 100 PAPER for each $1 lost. The liquidity-provider balance has since exceeded $2 million, moving PAPER emissions into a decay phase.

Source: TokenPost