Capital meets infrastructure.
Deposit USDC into Wise Telecom Nodes and earn up to 22% APY from telecom revenue.
Earn Wisely!
Explore: https://t.co/TiQwiniWFP
What am I most bullish on right now?
@wmchain and the @WorldMobileTeam
The token: $WMTX
The reason? They’re not just hyping DePIN, they’re actually deploying real decentralized mobile infrastructure at scale and expanding into AI. Here’s why it stands out 🧵👇1/10
I studied the @papertrade_xyz docs by @izebel_eth
Something exciting for a change. Here's why 🧵
A new DEX that makes insolvency a feature and trading losses mint PAPER tokens giving you a direct stake in protocol profits.
This can work (for a while), but may fail over time.
First, the good stuff before we dive into the red flags:
- 1000× leverage
- One-click Buy/Sell, no orderbook
- Zero slippage
- No funding costs
- Self-bootstrapping LP
- No trading fees
How is the above even possible?
That's because Papertrade is NOT a traditional exchange with an orderbook. Price discovery does not happen here. This is why there is no slippage, trading fees or funding fees.
Papertrade sources the price for trades and settlement from Hyperliquid's orderbooks. The counterparty to traders is the Papertrade Liquidity Pool (LP).
You do not trade against other traders on Papertrade.
This is similar to GMX or an AMM pool where swaps (i.e. trades) happen against the liquidity pool, denominated in USDC.
In other words, you're trading against the casino. Historically, the casino is always profitable, while traders lose on a net basis.
This is why the LP, on paper (pun intended), should stay profitable or solvent over time. This should make Papertrade a profitable protocol.
But there is a catch. More on that soon.
Since there is no orderbook or slippage, leverage can go to 1000x.
If you lose, the protocol LP grows. If you win, the protocol LP falls or goes insolvent. However, that's not a problem, at first.
At the start, anyone losing $1 mints 100 PAPER tokens until the LP hits 2M. Beyond that, the mint amount falls per $1. Stake that and you earn a share of the LP profits.
Even if the protocol is insolvent (i.e. LP has no funds to pay winners), traders can still mint PAPER tokens by losing. This credits the LP to pay winners.
If traders are profitable, but can't be paid now, they enter a queue and get paid once the protocol LP becomes liquid again.
Thus, losses are incentivized and provide liquidity to the LP to pay winners.
This flywheel bootstraps the LP and incentivizes traders to FOMO (i.e. lose money to the LP to print tokens).
You can't deposit funds directly into the LP to mint tokens. That only happens if someone loses or gets liquidated. Pretty smart approach.
How is the LP making a profit if there are no fees and who's paying stakers of PAPER tokens?
Profitable traders.
When a trader books a win on Papertrade, the LP keep a small haircut from that profit based on a formula.
For example, if I go long and win $100, the LP pays $99 to me and keeps say $1 as a haircut. If I go short and lose $100 on the same asset, the LP gets $100.
Net is $1 in profit for the LP after these two trades close.
From that $1, PAPER stakers get paid and the LP generates a profit.
This haircut is high if the price moves just a little between a trade open and close and low if the price moves a lot.
Scalpers and high frequency traders hunting a few cents on 100x leverage are discouraged by this mechanic since the haircut won't make them profitable.
This is also to protect the protocol LP from abuse (or from being drained) since there is no slippage.
🚩 The Red Flags 🚩
This flywheel should work well in the beginning, but long term this protocol is one hack, exploit, price manipulation away from collapse.
But that is not even the biggest risk. More on that soon.
If the LP is drained (the cause is irrelevant), minting more PAPER tokens won't yield the same results as when the protocol is launched.
The PAPER token starts with zero supply and incentivizes early losses that will mint the max amount of tokens per $1. This will bootstrap liquidity in the LP.
However, as more traders lose money, the PAPER token becomes highly diluted and its price will trend towards zero as circulating supply explodes.
At some point, minting more PAPER tokens won't have any positive impact. Especially if the LP is insolvent and can't pay winning traders.
This is somewhat mitigated by putting winners into a queue for payments as future losing traders capitalize the LP. However, that's not a guarantee to fix a liquidity crash.
If traders stop using Papertrader because it can't pay winners and the PAPER token is near zero in value, what can save this death spiral?
Printing more PAPER tokens?
We know how that ended for Terra Luna.
This can be mitigated if the launch is a success and the protocol can build a healthy LP that's managed well.
PAPER buy-backs & burns could also support the price. The protocol could even stop minting tokens beyond a certain LP size.
🚨 Either way, this experiment deserves attention and credit, but the danger of a critical collapse remains with the biggest risk being Hyperliquid itself.
Hyperliquid can decide to block Papertrade access since it's treated as a free price oracle.
Moreover, Papertrade won't bring any volume or open interest to Hyperliquid from its trading. This is a vampire attack in a way if it drains traders from HL.
This is not a win-win and Papertrader's own success could lead to its collapse if Hyperliquid blocks them later. This seems unlikely now, but this risk is real.
User funds in their wallet will not be impacted due to a LP insolvency, only their unrealized PnL which may never materialize in a payout.
PAPER token holders, however, will face the full risk of a collapse since the token will hit near zero value in such an instance.
While traders are on average losers, it only takes one exploit or price manipulation to drain the LP and kill any positive momentum.
Based on my decade long experience in crypto, if something can go wrong, it will go wrong. So best to prepare for the worst case scenario.
Nevertheless, until that point, this is a worthy experiment and quite innovative by turning insolvency or losses into a feature that mints new protocol tokens.
Considering that PAPER starts at zero supply with no pre-mint, no team allocation, no VC allocation, no airdrop, no vesting, this is a 100% community experiment.
And I love it for that. When TGE? :)
Like, share, and follow @duonine as this develops.
Getting started with the Lemon ecosystem starts with one simple step.
Download the ZEST Wallet 📲
Available now on:
🍏 Apple App Store
🤖 Google Play Store
Once installed you can:
💠 Store LEMX
🔄 Swap tokens
🖼️ Mint NFTs
📈 Stake assets
Your wallet. Your control.
In 2019, MIT professor Patrick Winston gave a legendary 1-hour lecture called “How to Speak.”
It has 18M+ views for a reason.
His frameworks:
• Your ideas are like your children
• The 5-minute rule for job talks
• Why jokes fail at the start
15 lessons on communication:
Still stuck in standard staking traps? 🛑 High fees, bridge taxes, and zero control are not the future of crypto.
It’s time for an awakening. 🦉
Unlock deep liquidity, security, and impressive yields (18.5%!) on a fully decentralized ecosystem where you stay in control.
Awesome work on this comic by @bobzyhung!
Read the proof and make the Wise choice at @Wise_Token .
#Crypto #YieldFarming #WiseToken #DeFiUnchained
Creating a World Mobile Vault position on Wise is simple, and takes three steps.
1. Connect your wallet.
2. Deposit USDC or USDT into the World Mobile Vault.
3. Confirm the transaction to create your position.
Your yield begins accruing immediately, and you can claim yield anytime with a single transaction.
⏱ Setup takes about 1–2 minutes.
Start: https://t.co/gsF4nD862j
🚨 JAPAN WILL DUMP THE WHOLE MARKET NEXT WEEK!!
While everyone is watching the US-Iran operation.
The real problem is hiding behind it.
The BoJ just dropped a new macro report, and it's much worse than expected.
They dumped $600 BILLION in foreign assets yesterday.
And things are about to get even worse.
Japan is now forced to abandon decades of Yield Curve Control to save the yen.
This is when markets will COLLAPSE.
If you hold any assets right now:
- Stocks
- US dollar
- Bonds
- Metals
- Crypto
You MUST read this post before it's too late.
What comes next is much worse than 99% of people expect.
The Japan government is forced to protect their stock market.
The problem is that they can't do it anymore.
So the Japanese Bank is literally being made to start selling foreign assets because they can’t create JGB buyers anymore.
They already started with a $600B dump yesterday.
And the reason is simple: TAKE MONEY BACK.
It's survival.
And here’s the problem:
What is the largest and most liquid foreign asset Japan owns?
U.S. Treasury bonds.
They're the BIGGEST US GOVERNMENT DEBT holder in the world.
They hold over $1.1 TRILLION of that debt.
Just imagine: 1.1 TRILLION US DOLLARS.
Japan bought it when:
- Carry trades ruled the world
- Japanese yields paid nothing
- The yen was very cheap
But this math doesn't work anymore.
Now Japanese bonds finally pay.
Hedged U.S. Treasuries don’t.
And the whole trade reverses.
This is not a panic sale.
This is not a NORMAL market.
This is simple mechanics.
The Japanese government just wants to save their economy.
And they have to dump our market to do so.
On top of that, the US-Iran operation is escalating every day.
Which also damages the market even more.
You see how the oil price pumps every day.
Big Money is rotating into "risk off" assets.
Insiders are continuously selling their assets.
You have to prepare now and rotate capital before it's too late.
But don't worry, I have been in the market for over 10 years now.
I predicted every market top and bottom, and I know what to do.
These moments are when real capital is made, and I will post my strategy very soon.
Follow me and keep notifications on so you don't miss my next move.
Many people will regret not following me earlier...
Recently, when parts of Iran lost internet access, Elon Musk turned on Starlink to get people back online. It was a simple moment, but a powerful reminder of how much we rely on connectivity every day.
Satellite internet can help in emergencies, but it’s not always practical for daily life, it can be expensive, limited, and requires special equipment.
The World Mobile network takes a different, grounded approach. By combining ground based nodes with aerial platforms, it delivers reliable, affordable connectivity to both cities and underserved regions. People can count on it for everyday use.
Through the World Mobile Vault on WiseLending, your stablecoin deposits are used to acquire these network nodes. As people use the network, it generates revenue and that revenue funds the 20% APR (~22% APY) paid to depositors. Your Capital is helping build accessible connectivity.
Stay Wise!
https://t.co/gsF4nD862j
🚨BREAKING: The federal reserve is now under criminal investigation!
Is there a new system loading with crypto leading the charge?
We might be going into a super cycle.