PaperTrade, 1000x Leverage, How Does It Work?
Let’s talk about one of the most interesting protocols of the past few days. @papertrade_xyz is a PerpDEX that introduces a unique model to the DeFi space: it doesn’t need large liquidity providers to get started, as it uses traders’ losses to fuel the protocol’s liquidity.
The interesting part? You get rewarded even when you lose. Traders who incur losses receive solana:4SNHBM2axbPCNXHrPPNLtdCRmnQVkq9cfFTyrJpJpump tokens, which can be staked to earn a share of the protocol’s revenue and excess liquidity.
But how are winning traders paid? Papertrade uses a payment queue: if the protocol doesn’t have enough liquidity to cover all profits, traders have to wait until new losses replenish the system. All of this comes with leverage of up to 1000x, making trading extremely risky.
The pre-deposit phase has already started, giving users early access ahead of the launch scheduled for October 10. A date that was definitely no coincidence.
TurboRange v2 by @DegateItalia is officially LIVE!
The new version brings major upgrades for those looking to provide liquidity and earn yields.
-Over 1,000 assets available! Thanks to the integration with @Ondo, users can now access a wide range of stocks and earn interest by providing liquidity.
-No more slippage or price impact on large trades!
Previously, limited pool liquidity could lead to higher purchase prices, especially for trades exceeding $2,000–$3,000. Now, thanks to the RFQ system integrated with Ondo Stocks, users can buy at market prices, minimizing these issues.
app.degate.com/?s=cryptairdr…
Thanks @Backpack_ITA 🎒
solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy
Happy 1$ solana:BPxxfRCXkUVhig4HS1Lh7kZqV6SPJhzfEk4x6fVBjPCy.
Thanks @armaniferrante !
$LAPTOP launches today
$LAPTOP, @HunterBiden s meme token on @base , is expected to launch today. Beyond the political narrative, the important thing is not to get caught up in the hype. Here are all the details currently available:
- Contract ($BASE): 0xB095274743941e953c746F9C228DA9c18Bb6ec29
- Website: laptoptoken.com
Declared Tokenomics
- Total supply: 1 billion tokens
- Initial circulating supply: 350M
- 8% allocated to Where’s Hunter Substack subscribers
- 2% allocated to those with a negative PnL on solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN
- An additional 10% reserved for future airdrops.
🚨 This post is for informational purposes only!
2.5x ? $ARB
On August 31 at 5:00 PM in the community, we analyzed $ARB together and what it could potentially do in the period that followed. Less than a week later, the target we had identified was reached namely, the 2.5x. Check out the photo!
Want to join the community for free? Take part in the next giveaway during one of the most interesting events of the year, on September 18 and 19 in Pescara. The ticket is FREE, and during the event, the more talks you attend, the more tickets you’ll receive to enter the grand final lottery (there are plenty of other prizes available too).
See you in Pescara! Link eventbrite.it/e/blockchain-b….
If you don’t want to waste time, message us at @cryptairdropita a great promo is available! (TG)
THE MEMECOIN FAIRY TALE.
On X, it looks like everyone is making money, but then you check the on-chain data and realize that nothing has changed since the last post about PumpFun.
In fact, Dune analyzed the @solana wallets that traded on @fomo over the last 90 days.
292,531 wallets analyzed.
93.84% were NOT profitable.
Only 6.16% were in profit.
But when you dig deeper, it gets even more interesting:
Of the 6.16% that were profitable, 88% made less than $100.
Only 25 wallets out of 292,531 made more than $10,000.
Before thinking, “If they did it, I can do it too,” think again.
Crypto Cards, What Happened?
Over the past few hours, several @solana crypto card users have seen their USDC/USDT funds disappear. Among the services affected are @avici and @useTria , both of which have already announced that affected users will be reimbursed.
But where did the issue come from? The exploit did not directly affect users’ wallets, but rather the underlying card infrastructure. Several providers rely on @raincards , which identified a vulnerability in an older version of its smart contracts on Solana. 1,685 users were affected, with approximately $600,000 stolen.
This incident highlights an important distinction: you can have a perfectly secure self-custodial wallet, but once you move funds into the layer required to spend them through a card, your risk model changes as well.
The cards we previously covered, @RedotPay and @KASTxyz , were not affected by the incident.
🤖 Made with AI
Deposit Airdrop: ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 , Meridian Points + ethereum:0x4c9edd5852cd905f086c759e8383e09bff1e68b3 . Current Cap: $2.5M.
@meridiandotxyz is coming to Robinhood Chain with its mPerps, and in the meantime, it has opened pre-deposits for the Meridian Liquidity Provider (MLP). USDe on Robinhood Chain will be required!
You’ll earn:
-USDe rewards
-30x ENA Rewards
-20% of all Meridian Points distributed to Perps users
Once trading goes live, MLP will move into Phase 2 and begin market making across Meridian and other exchanges.
yield.accountable.capital/va…
🤖 Made with AI
KAST , 6% Cashback Minimum
@KASTxyz is launching USD Reserve, a separate balance where eligible users can hold $USD available for spending and transfers while earning daily rewards with no lock-up. Initial promotional rates offer up to 6% for Standard, up to 9% for Premium, and up to 12% for Private, subject to specific limits and conditions.
app.kast.xyz/referral/CRYPTA…











