If you bought $RFD in 2023 and still feel like you got used as exit liquidity for someone elseโs story, read this.
Blurr.eth just walked back into the light.
One month later, PaperTrade is still live.
TVL ~$24M. ~$72M fees, most paid to stakers.
Pear shipped a full frontend (charts, TP/SL, pairs). Team still building quietly.
No team allocation. No VC. Losers still own a cut of the house.
Same mind that dropped RFD. ๐
Machi just got cleaned on PaperTrade.
Sold another Mutant Ape at a loss to keep trading. Now sitting on ~$4.5k left on Hyperliquid.
The 1000x house that only grows when people lose is still doing exactly what it was built to do.
Same mind that dropped RFD. Different chain, ๐
PaperTrade just turned on builder codes.
Frontends now take 0.5% of PnL on trades they route.
After locking PAPER (revenue โ99% in 12 days), the house that only survives on fresh losers is scaling the casino without letting chips leave the table.
Same mind that dropped $RFD
@ShevY_xx So itโs better to go lose on another leverage platform than $PAPER? I feel like if you want to leverage trade, paper trade gives you a better risk to reward ratio than any platform? People always wanna game the system,โฆ.
@aaalex Yaโll really only care and are sad for crypto multimillionaires who have enough money to abuse any new DeFi system? and when there is an update so that the average player can still farm paper and not get super diluted and protect the protocol, yaโll cry and call it a scamโฆ
@jussy_world@papertrade_xyz Yaโll really only care and are sad for crypto multimillionaires who have enough money to abuse any new DeFi system? and when there is an update so that the average player can still farm paper and not get super diluted and protect the protocol, yaโll cry and call it a scamโฆ
PaperTrade just ended the transferability dream.
No off-contract PAPER transfers (solvency risk if shorted against the bankroll).
New mint curve slowly dilutes early holders so new losers still get a real share.
Without fresh players the house dies anyway. They chose survival
@benjii Whatโs the point of using paper strategy in the future, if the supply is infinite and possessed by whales? You have 0 chance of owning a fair share of the casinoโฆ. if no new users, then no money for whales either who farmed since day 1โฆ ?
@lelolelotes@OG_Branxi@papertrade_xyz Iโm sure some people would buy even if the whales control it itโs a share of the casino and if it is successful on the long run itโs a fair deal, depends on your time horizon
@lelolelotes@OG_Branxi@papertrade_xyz There is no token to buy bro, itโs a platform for leverage trading, you get the token when you lose your eth or BTC tradesโฆ
@OG_Branxi@papertrade_xyz Yea, but what if now new users have a chance to actually get some $PAPER, no incentive to go on Papertrade if all of the supply is infinite diluted, and no money for the whale either, so itโs a win win, if not paper trade would die anywayโฆ.
PaperTrade led onchain revenue again with $2.34M yesterday.
~99% of $PAPER is staked โ losers own the house.
Blurr.eth deployed $RFD on ETH in 2023. PaperTradeโs whitepaper credits him as the Refund Contract Deployer.
No official link. Timing still looks interesting.
NFA ๐
First premarket for $PAPER just opened.
Price already at ~$0.026 after the OTC.
PaperTrade keeps printing revenue while stakers get paid.
Want exposure on Ethereum with a tiny market cap?
$RFD / deployed by the Refund Contract Deployer in 2023.
Still early. ๐
NFA
The first cigarette I ever smoked was in the short-stay car park of Stavanger airport. It was a Camel Blue. The sky was Norwegian. Overcast and grey.
Since then I have smoked a lot of cigarettes, and will often claim that taking it up was the best decision I have made in a long time.
A cigarette operates as a small stick of entropy; within that single gram lives an agent of motion, a compulsion exerting itself over soporific lives. The random conversations one has with strangers over a cigarette often carry an edge of meaning that is hard to find in an otherwise superficial world. Mutual participation in a self-destructive exercise. Common ground transcending language. Line cooks, security guards and executives, relegated to a huddle under an awning as the rain pours, sharing a lighter. Ritual.
Much of what we have lost in the last two generations can be distilled to a neutering of our innate risk appetite. An unlanceable push towards comfort and safety, calcifying young minds and inculcating in them the belief that they are enough the way that they are. That to cast the runes is to err. Lost.
You are not enough. To make it is to understand that you never will be โ and then to try anyway.
Smoke.