Build your Papertrade watchlist while you trade.
Browse wallets on PaperDash, check their positions and PAPER, as well as trade history. Follow the addresses you want to keep an eye on.
https://t.co/Xk0OMkVob9
Papertrade 24h post-launch, at a glance.
Top traders, live trades, BTC/ETH charts and liquidation maps in one terminal.
See a trade worth digging into? Open the wallet to inspect its positions and history.
https://t.co/Xk0OMkVob9
What makes a Papertrade wallet worth following?
Reported PnL over time, balance changes, PAPER, or how much is still in the payout queue?
All can be answered here: https://t.co/w0RJZj31dG
1/3 A quick PaperDash workflow for finding wallets worth watching.
Start with the leaderboard: reported PnL across 24h, 7d, 30d or All. Switch to PAPER to see the top 25 accounts and their share of balances.
https://t.co/w0RJZj31dG
2/3 Open a wallet to check its current positions, historical trades, PAPER balance and more.
Compare the recorded changes before drawing conclusions. Reported PnL may include open positions, and queued payouts may not yet be usable cash.
The top 3 PAPER farmers have earned a combined of ~40M $PAPER in just under 15 minutes since @papertrade_xyz went live.
Track them here: https://t.co/Tuzsk8y9Ni
Who's bringing size to Papertrade?
PaperDash's new leaderboard ranks the top 25 accounts by current balance. See each wallet's share, open its captured history and add it to your watchlist.
https://t.co/cZWbBGooRV
Before choosing leverage, check the downside.
PaperDash’s payout calculator lets you compare long/short scenarios, estimated bust levels and net results after costs. Toggle the payout queue to see what changes.
https://t.co/gpYTsTVeoq
3/3 Read free cash, queued claims and modeled PAPER separately. A claim waiting to be paid can't fund another entry.
Try changing one assumption and see how the result moves.
1/3 Thinking about paired long/short farming on Papertrade?
Start with the cash question: can the next trade still be funded if the winning leg's profit is queued?
PaperDash's farming scenarios let you test that assumption.
https://t.co/EUhgF8EM5w
2/3 Compare long-only, short-only and hedge pairs at any leverage levels.
Change the price path, costs and queue delay. A reversal can liquidate both paired legs, and a cash shortfall can stop the next cycle.
Papertrade has already attracted more than 14M in pre-deposits!
Track any address prior to launch here to study their strategies:
https://t.co/r7Sh4tr8Ux
Paper pre-deposits are live.
New on PaperDash: reported TVL, balance history, largest funded wallets and top-10 concentration. See how balances are distributed as deposits come in.
https://t.co/r7Sh4tr8Ux
Paper’s announced rollout:
Oct 8: deposits only
Oct 10: trading on its own frontend via whitelisted relayers
Later: open contracts, then builder codes
PaperDash is independent. Trading here remains unavailable.
https://t.co/UoxVXzPvKs
papertrade launch details
papertrade is a fair launched smart contract exchange built on the hyperevm blockchain. as a fully onchain protocol, papertrade has significant advantages - decentralization, reliability, composability, transparency. it also has the usual onchain constraint - throughput. trades on papertrade are atomic opens/closes with no orderbook, so during normal trading sessions congestion will not be an issue. however, during launch we expect extreme chain congestion.
10.08.2026 - phase zero: predeposit only
two days before live trading begins, https://t.co/AdIx336QsD will open for user deposits. trading will be paused during this period. this allows separation of the deposit and account creation transactions from live trading. if a user does not complete these steps, they are likely to face long delays during launch, as active trading will be heavily prioritized over deposit processing. there is no further advantage to depositing earlier during this phase.
10.10.2026 - phase one: frontend only live trading
in order to prevent an onchain race and remove the incentive skew that mev creates, all transactions during the launch must go through the https://t.co/AdIx336QsD frontend, using the whitelisted relayers. the contract itself will not be open for direct interaction during this phase. this ensures that real frontend users are the first participants, flattening the technical skill curve as far as is appropriate.
during this phase, all trader activity on papertrade lives in an intent system, and carries a priority weighting. in almost all cases this ordering is done by transaction type and notional value, and is always indiscriminate of user/account. for instance, liquidations are more important than position opens and this is reflected in both activity types' respective weightings. that said the exact mechanics and weightings of the relayer intent system are adaptive, and will change over time as trader activity is processed. trades can be cancelled while still pending within the relayer intent system.
the paper token will begin minting on user losses at the start of live trading, from an initial supply of 0. it will not be transferable at the start beyond staking and unstaking, in order to encourage trading adoption and mitigate onchain congestion.
after launch - phase 2: open contract
once the launch congestion has passed and there is no longer any risk of mev wars, the papertrade smart contract will open up to everyone, allowing any human, contract or agent to write and receive an onchain atomic position. at this point papertrade becomes a fully decentralized, composable onchain liquidity primitive.
after launch - phase 3: builder codes
builder codes allow any frontend or router to receive the 1% frontend fee by sending trades to the papertrade smart contract, further decentralizing the protocol and incentivizing integration.
after launch - phase 4: token transferrability
at launch, paper will not be transferable. this is to encourage accumulation through trading participation and reduce onchain congestion load. transfers will be enabled after a sufficient period of time has passed.
even with this staged rollout, the launch congestion will be significant. expect lengthy confirmation delays during launch especially for smaller notional trades. predeposit if you want to trade at launch for the best chance at a smooth experience.
learn more about how papertrade works at: https://t.co/XCo1VHBoEe
An early look at PaperDash, an independent terminal for Paper.
The goal: follow traders, understand positions and eventually execute in one place.
Explore the UI and save a browser watchlist today. Live data and trading are unavailable.
https://t.co/SU5NA6IjR8
Meet PaperDash, tools for exploring Papertrade.
Try Strategy Lab: compare long, short and paired scenarios. See why a reversal can wipe out both legs.
Hypothetical planning only. No live prices or execution.
https://t.co/fTvJjHARux