PAPER Staking on HyperEVM
Stake PAPER to participate in protocol USDC reward distributions. A wallet's share depends on its staked PAPER relative to total staked supply and the distributions actually made by the protocol.
Explore PAPER staking →Papertrade — Trade Perpetuals & Stake PAPER on HyperEVM
Trade synthetic perpetuals, stake PAPER on HyperEVM, track token supply and staking revenue, and review available USDC reward distributions from one Papertrade interface.
USDC Staking Rewards
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Staked PAPER
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Paper Wallet Balance
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PAPER Staking Rewards
Rewards Claimed--
Your
Stake Share
Total Staker
Rewards$30,734,551.7
Reward
Rate0%1%99%
Reward TokenUSDC
Paper
Total
Supply6,449,264,140.2
Staked
Supply6,365,947,756.7
Stake
Ratio98.7%
Token0xe40f...1c0e
Staking
Contract0xaad6...f016
Connect a wallet to stake or unstake PAPER.
Distribution
Pending
Rewards$82.08
Latest Distribution
Staking Revenue
Paper Reward Curve
PAPER minted per $1 realized loss
LP BALANCE $11.88M
MINT RATE 25.2 PAPER / $1
Paper Activity
| Loss Close | 0xbafa...c849 | 15,749.83 | |
| Loss Close | 0x9e52...d936 | 5,280.61 | |
| Loss Close | 0xd812...d01c | 1,827.51 | |
| Loss Close | 0x2a63...0830 | 475.12 | |
| Loss Close | 0x2b78...37cc | 8,057.54 | |
| Loss Close | 0x9587...2741 | 18,087.28 | |
| Loss Close | 0x04bb...ffea | 1,338.07 | |
| Loss Close | 0x2e59...a5fc | 483.54 | |
| Loss Close | 0xabe8...9e4f | 267.61 | |
| Loss Close | 0x758e...1541 | 267.61 | |
| Loss Close | 0x758e...1541 | 267.61 | |
| Loss Close | 0x32ca...8cf1 | 454.02 | |
| Loss Close | 0xb750...a554 | 1,717.23 | |
| Loss Close | 0x9587...2741 | 50,343.48 | |
| Loss Close | 0x72a6...43d5 | 902.32 | |
| Loss Close | 0x3741...437e | 15,749.94 | |
| Loss Close | 0xfeef...76bd | 164.78 | |
| Loss Close | 0x401f...19e6 | 332.40 | |
| Loss Close | 0x9587...2741 | 24,713.60 | |
| Loss Close | 0xed40...2d1e | 28,496.10 | |
| Stake | 0xf3dc...1672 | 80,291.19 | |
| Loss Close | 0x8365...019a | 2,676.25 | |
| Loss Close | 0x7a83...61ba | 4,107.51 | |
| Loss Close | 0x998f...3862 | 1,338.13 | |
| Loss Close | 0xef20...3355 | 5,080.34 |
Total Paper Supply
TotalStaked
Total Staking Rewards
PAPERTRADE / HYPEREVM
Papertrade Trading, PAPER Staking & USDC Rewards
Papertrade combines synthetic perpetual trading with PAPER staking in the Hyperliquid ecosystem. Use the same interface to follow protocol activity, PAPER supply, staked balances, the reward curve, staking revenue and USDC reward distributions.
Papertrade Perpetual Trading
Papertrade provides synthetic perpetual trading within the Hyperliquid ecosystem. Trading positions can involve leverage, funding and liquidation risk, while PAPER staking is tracked separately inside the same protocol experience.
Explore Papertrade trading →USDC Rewards & PAPER Position
Connect a compatible wallet to review PAPER balance, staked PAPER, claimable USDC rewards, reward history and your share of protocol staking distributions.
View USDC staking rewards →PAPER Token Supply & Reward Curve
Monitor total PAPER supply, staked supply, staking participation, reward distribution activity and emission dynamics through the PAPER reward curve and protocol statistics.
Explore PAPER token metrics →Papertrade FAQ
What is Papertrade?
Papertrade is a fair-launched, fully on-chain perpetuals exchange in the Hyperliquid ecosystem. Trading logic runs on HyperEVM and uses HyperCore precompiles for pricing and USDC movement.
How do Papertrade trades work?
Papertrade trades are synthetic swaps between the user and the protocol LP. Opens and closes use Hyperliquid BBO-mid pricing rather than a Papertrade orderbook or matching engine.
What is the PAPER token?
PAPER is minted from eligible realised trading losses and liquidations. The supplied project documentation describes supply as starting at zero with no pre-mint, team allocation, VC allocation, airdrop or vesting schedule.
How does PAPER staking work?
Stake PAPER to participate in pro-rata USDC revenue distributions. The documented staking model has instant stake and unstake with no cooldown or lockup.
Where do PAPER staking rewards come from?
The documentation describes LP-side revenue sharing and eligible LP excess distributions as the two sources that can flow to PAPER stakers in USDC.
Does Papertrade charge funding or slippage?
The project documentation describes no funding cost, no spread and no trade-size slippage in the normal BBO-mid execution model. Profitable closes can be reduced by asymmetric impact.
Which network does Papertrade use?
Papertrade trading contracts run on HyperEVM and read HyperCore state through Hyperliquid precompiles. USDC balances and supported cross-layer flows interact with HyperCore.
Where can I read the Papertrade documentation?
Open Papertrade Docs for trading and pricing, liquidations, the LP payout queue, PAPER emissions, staking, HyperEVM architecture, deposits, risk and developer reference material.