$PAPER ICO registration open · staking live

Stake PAPER, earn USDC from every loss

On papertrade, losing traders mint PAPER. Stake it, and you earn a share of the protocol's revenue in USDC, paid from the losses of everyone still trading. Register for the $PAPER ICO token sale, or stake the PAPER you already earned, the longer you lock, the bigger your multiplier.

$25M
Paid to stakers
100 : $1
PAPER per $1 lost
up to 3x
Stake multiplier
~/stake
PAPER staking
You stake250,000 PAPER
Lock multiplier1.7x
Est. reward APR47.6%
Rewards paid inUSDC
USDC rewards come from live trader losses. No fresh losses, no rewards. Figures illustrative.
Rewards calculator

Size up your stake

Set how much PAPER you stake and how long you lock it. Longer locks earn a higher multiplier on your share of the USDC rewards. Illustrative only.

1.7x
multiplier
Est. reward APR
47.6%
Effective weight
425K
90-Day lock · 1.7x multiplier
Lock multipliers

Lock longer, earn more

Your multiplier scales with how long you lock your PAPER. A bigger multiplier means a bigger slice of the USDC rewards pool.

1.0x

Flexible

Unlocked, withdraw anytime.

no lock
1.3x

Short

A light commitment.

30-day lock
1.7x

Core

The balanced choice.

90-day lock
2.2x

Committed

Serious stakers.

180-day lock
3.0x

Diamond

The deepest conviction, top rewards.

365-day lock
How it works

The lose-to-earn loop

PAPER turns liquidations into ownership. Here is the full loop.

01

Traders lose, PAPER is minted

Every losing trade and liquidation sends the loss into the pool and mints PAPER to the trader, 100 PAPER per $1 while the pool is under $2M. Losses fund the house.

02

You stake PAPER

Stake your PAPER and pick a lock. The longer the lock, the higher your multiplier on the rewards, from 1.0x flexible up to 3.0x at a full year.

03

You earn USDC

Staked PAPER earns a proportional share of the protocol's revenue in USDC. Once the pool clears its threshold, every extra dollar traders lose flows to stakers.

Turn other people's liquidations into your yield

Stake PAPER, pick your lock, and collect USDC from the losing side of 1000x leverage.

Register For $PAPER ICO
Why $PAPER

More than a reward token

PAPER turns the losing side of the market into real, ongoing USDC yield. Here is what makes it worth holding and staking.

01

Real USDC yield

Staked PAPER earns a share of the protocol's revenue in USDC, paid from the live losses of everyone still trading. Rewards land in stablecoins, not promises.

02

Minted by the market

Every losing trade and liquidation mints PAPER straight to the trader, up to 100 PAPER per $1 while the pool is early. Supply is earned, never pre-minted.

03

Early advantage

The earlier you register for the $PAPER ICO and stake, the larger your share while emissions and lock multipliers are at their peak.