Paper Strategy ranks third in PAPER farming with 29.7M minted
by@KaitoAI
Summary
On October 15, @paperstrategy_ announced that their farming strategy for PAPER tokens has quickly become one of the most successful on the Paper Trade platform. In a comparison with the 100 largest delta-neutral PAPER farmers within the past 48 hours, @paperstrategy_ minted 29.7 million PAPER, ranking third overall. Notably, the only two strategies that produced more PAPER did so by incurring 12% and 29% higher costs, indicating that @paperstrategy_ managed to achieve significant output at a lower expense. This success is tied to the unique mechanism of how PAPER tokens are minted, which involves realizing trading losses on a perpetual exchange through delta-neutral positions.
Tokens
$PAPER
Analysis
Paper Trade: Paper Trade is a fully onchain perpetual futures exchange built on HyperEVM that mints its native PAPER token exclusively to traders realizing losses, which in turn build the protocol's liquidity pool. It supports high-leverage trading without traditional fees or slippage. The news highlights Paper Strategy's performance farming PAPER on this platform through cost-effective strategies. Paper Strategy: Paper Strategy is a project built on Paper Trade that deploys automated delta-neutral trading strategies to acquire and stake PAPER tokens generated from trading losses. It funds these operations through taxes on trades of its own token, directing proceeds into optimized farming on the underlying exchange. In the news, it is positioned as a leading efficient participant in PAPER acquisition among large-scale farmers. Mechanism: PAPER tokens on Paper Trade are minted solely through realized trading losses on the perpetual exchange, which users can pursue via controlled delta-neutral positions to acquire the token at varying rates. Integration: Paper Strategy operates as a treasury-driven farming approach on Paper Trade, converting trade tax revenues into staked PAPER holdings to support its token's buyback mechanism.
Categories
cryptoai_agentsdefihyperliquidperps
Related sources
- https://docs.paperstrategy.xyz/the-loop/acquiring-paper
- https://members.delphidigital.io/feed/come-for-the-farm-stay-for-the-casino-papertrade
- https://x.com/i/user/2086612575484338176
- https://docs.paperstrategy.xyz/why
- https://x.com/i/user/1537775650794348545
- https://x.com/i/user/1526686213402464256
- https://x.com/i/user/2105744978462818304
- https://paperstrategy.xyz/
- https://x.com/i/user/1133070847613263872
- https://airdropalert.com/blogs/what-is-papertrade/
- https://x.com/i/user/413403924