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]

@playerwunza @ihzn7 @jito_labs @cardboard_trade

[ihzan @ihzn7]

Seems like @jito_labs employee @joebuild rugged the @cardboard_trade LP of 730k (after making 250k in dev fees for a week of vibecoding)

deposits disabled, tg chat muted and no public update on X or his personal profile
LP & dev fees (close to 1m) sent to his bitstamp wallet

in dms he claimed he shut it down to protect the project from hackers, then said as per his counsel he's making a new project with those funds(??)

these messages were deleted by him within minutes

any comment here @buffalu__ ? https://t.co/6CKdwPX7wR

[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.

[jez (equity perps era) @izebel_eth]

@magicponzitoken 화이팅

[jez (equity perps era) @izebel_eth]

@VentureCoinist @blknoiz06 🤍

[jez (equity perps era) @izebel_eth]

@blknoiz06

[jez (equity perps era) @izebel_eth]

@blknoiz06 ig all u had to do was short and chill?

[jez (equity perps era) @izebel_eth]

first seven figure trading win on papertrade

(whenever he decides to close)

[jez (equity perps era) @izebel_eth]

@CookerFlips @papertrade_xyz 🤍

[jez (equity perps era) @izebel_eth]

@Youclidean no in fact i think he should keep it open forever

[jez (equity perps era) @izebel_eth]

@pointfarmcap not even close

[jez (equity perps era) @izebel_eth]

@trevor_flipper when i can get my head above water from building, theres so much to do

[jez (equity perps era) @izebel_eth]

its awesome to see guilds coming to life - what started out as ideating on "refcodes" (ref codes work great for 1->many like affiliates, but are awkward in trader group chats, who gets the rewards?) turned into a much more social/ranked feature

i think the lighter team deserves a lot of credit for how quickly they ship, and i'm excited to show off my version of this (groups) on papertrade when its ready

[Lighter @Lighter_xyz]

Introducing Guilds, a new way to bring your friends and communities together on Lighter.

Create or join a guild and challenge other communities through Duels, add your X account, climb leaderboards, and more! 🕯️

[jez (equity perps era) @izebel_eth]

study nominative determinism

[jez (equity perps era) @izebel_eth]

@FrankieIsLost lmao

[jez (equity perps era) @izebel_eth]

@machibigbrother @HYPEgrahamA @papertrade_xyz @variational_io gm machi were still working v hard, doesnt rly make much sense to hype up what were working on, will just put it out when its ready

[jez (equity perps era) @izebel_eth]

@joeblau @papertrade_xyz 🤍🤍🤍

[jez (equity perps era) @izebel_eth]

@pangboygg 🤍🤍🤍

[CFTC @CFTC]

@ChairmanSelig Releases Statement on Equity Perpetual Futures: https://t.co/aZAEa77sE7