The venue utilizes a 2 of 3 multisig administered by users @izebel_eth, @blurr, and @UngusTrade, with all contract upgrades gated by a 7 day timelock. PaperTrade inherits Rollbit's asymmetric fee PnL curve for its pricing. While DefiLlama reports $85.3M in pre-launch deposits, the house pool starts at zero, meaning winners depend on losses from other traders to fund payouts.
Wednesday, October 21, 2026
Story
PaperTrade Launches Perpetuals on HyperEVM With $1B Open Interest Limit
Crypto11 days ago
Frontend trading will be enabled at 14:00 UTC on Oct 10, 2026, following a scheduled network upgrade to HyperEVM. Deposits for the PaperTrade perpetuals venue pause at 13:45 UTC to prioritize launch traffic, necessitating predeposits for immediate participation. The platform enforces individual atomic position limits of $10M, though users may hold an unlimited number of such positions, and it establishes a floating open interest headroom of $1B per market side for the launch.
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