jez (equity perps era)

i must not fomo. fomo is the mind-killer. building @papertrade_xyz Extremely Online thoughts: water build |

[jez (equity perps era) @izebel_eth]

proud to introduce @papertrade_xyz - a fair-launched, fully-onchain perpetuals exchange built on hyperliquid by @izebel_eth & @blurr

-1000x leverage
-0 slippage
-No funding costs
-Self-bootstrapping LP

coming soon. learn more at: https://t.co/vOfrclySxp

[jez (equity perps era) @izebel_eth]

@dinoinsights one man against the house

[Ansem 🐂🀄️ @blknoiz06]

am really liking @papertrade_xyz, the high leverage individual positions w/ no worry about order book fills is very good for low timeframe scalping, especially in a trending market

think ppl are still underappreciating this as a protocol & $PAPER stakers are still printing cash off rewards

[jez (equity perps era) @izebel_eth]

@sssw2s64623 @papertrade_xyz @JupiterExchange 🤍

[jez (equity perps era) @izebel_eth]

@blknoiz06 @papertrade_xyz 🤍will be adding some more social stuff this week

[jez (equity perps era) @izebel_eth]

@willdepue wild, you can just do things

[jez (equity perps era) @izebel_eth]

@sebcic3301 @blknoiz06 spirited away!

[jez (equity perps era) @izebel_eth]

@blknoiz06 the stakers need to eat too

[jez (equity perps era) @izebel_eth]

@blknoiz06 imagine catching the bounce on 500x levg

[jez (equity perps era) @izebel_eth]

@poca_08 yes

[jez (equity perps era) @izebel_eth]

only a few more hours left to unlock chibi caroline before ftx anniversary mode goes away

[jez (equity perps era) @izebel_eth]

@mikktotoma @blknoiz06 great idea

[jez (equity perps era) @izebel_eth]

@blknoiz06 fuck it, bitmex mode

[jez (equity perps era) @izebel_eth]

@blknoiz06 yes

[jez (equity perps era) @izebel_eth]

rip spooky mode

[jez (equity perps era) @izebel_eth]

none of those words are in the bible

[jez (equity perps era) @izebel_eth]

whatever it lands at, all your experience and training has led you up to this point:

are you connected enough to get in this round?

[jez (equity perps era) @izebel_eth]

having some difficulty imagining the seed val of jensen's next venture

pound-for-pound heavyweight champion of "bet on the man", just edging out travis kalanick

[jez (equity perps era) @izebel_eth]

@MoneyPrinter0x gna steal this rq

[jez (equity perps era) @izebel_eth]

@0xtaetaehoho a few more hours to find caroline, check the trading chat for a hint

[jez (equity perps era) @izebel_eth]

as papertrade reaches its first month live, what started as a whitepaper continues to be tested at scale in production. today's update is another step towards what i think is the house of the future. i want to extend my sincerest thanks to everyone whos participation has helped make this new primitive possible.

while we continue to take each day one at a time, incentivized composable liquidity is a very exciting design arena. some things we're working on are probably obvious - like the option to pay gas manually to avoid onchain congestion. others well just put out when they're ready.

good luck to us.

[papertrade.xyz @papertrade_xyz]

Five contract level upgrades have been pushed to the timelock. The non-atomic nature of hyperliquid core and EVM blocks, along with the still broadly un-battletested precompiles necessitates extensive, heavy testing as the design patterns papertrade employs are unusual to see in solidity. Papertrade, by its nature is a risk on protocol. But when it comes to striking a balance between speed and security, security will always remain paramount, particularly when it comes to production contract changes.

Core lending:
The Exchange will now be able to supply idle USDC to HyperCore's native lending market, with the accruing interest being routed to stakers.

Collectibles:
A factory plus per-collection ERC-721 contracts for exchange collectibles and themes.

Staked PAPER transfer module:
PaperStaking gains a whitelist of transfer enabled contracts, along with contract level yield piping. This code is unused for now but will be necessary for future updates.

Sweep timing fix:
HyperEVM big blocks share a timestamp with a preceding small block. Whilst never triggered in production this could cause an ill-timed deposit sweep to fail and so the contract level timing checks are switching to block numbers rather than timestamps.

Direct LP donation:
A new admin locked donateToLp call moves USDC from a designated donor account into the LP's cash, providing a clean path for regulating externally held USDC back into the LP.

At some point we will likely write up a blog on our retrospective of the first month of papertrade, but we are few and there are only so many hours in a day or hats a man can wear.

A final quick thank you to those who helped out with adversarial testing, game theory and the general math that went into last month's upgrade, you know who you are. To those who are still confused -- often boisterously so, we thank you for sticking around for long enough to show you care.

good luck to us.