papertrade, a perps venue on hyperevm, pays winning traders from its own usdc pool and shares surplus with paper stakers. on october 18 it allocated $2.12m to stakers. but these rewards do not hold back money for open trader profits. on october 17, its lp balance was $4.91m, but house funds after open profits were $4.22m. if winners close for more than the usdc on hand, their payouts wait in a queue that later trader losses fill. the data does not show a current shortfall.
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