Overview

$PAPER is Papertrade native token, minted from eligible trading losses and used for participation in documented LP-revenue distributions when staked.

What PAPER is

The docs give PAPER two linked roles: it is minted from eligible realised trading losses and, when staked, participates in USDC revenue generated by protocol LP economics.

Fair launch

Supply begins at zero, with no pre-mint, team allocation, VC allocation, airdrop or vesting schedule according to the supplied documentation.

How supply grows

The mint curve is front-loaded. The documentation describes a flat 100 PAPER per $1 of eligible loss basis below the $2M tracked-LP threshold, then an asymptotically declining rate.

What PAPER stakers earn

Stakers participate in LP-side revenue distributions in USDC. The documented model includes both an ongoing LP-revenue share and eligible LP excess above the staker reward cap.