Papertrade Records $10B Open Interest in Launch Hour

Pre-launch deposits reached $125 million, though the house pool began at zero, requiring profits to be funded by other traders' losses. Extreme launch demand initially restricted the transaction queue to only $10 million notional trades, blocking those with more conservative settings. The platform is managed by a 2 of 3 multisig admin committee, and all contract upgrades are gated by a 7 day timelock.