9 day update on @papertrade_xyz $PAPER pre launch perpetual price: $0.024 If volume holds up and I can unstake and sell my PAPER at that price, it looks like I could get back at least 3x what I initially lost, including staking rewards. Total staking rewards allocated to users who earned and staked $PAPER through trading losses or liquidations have passed 54 million USDC. Around 8.65 billion of the total 8.71 billion $PAPER supply is staked. That’s 99.3% of the supply. As of October 19, the dashboard shows: ▪️ $1.37T cumulative trading volume ▪️ $54.2M total staking rewards ▪️ $64.4M TVL ▪️ Over 1.5 million trades ▪️ 23,141 users ▪️ $583M open interest I shared it on day one and got liquidated for $800. The next day, I also wrote that I was hesitant to keep going. But I’ve continued tracking the volume and staking rewards. The key point: as more PAPER is minted and staked, your share of the staking pool gets diluted. Future USDC rewards also depend on platform activity. Today’s numbers don’t mean the same returns will continue. https://t.co/4a0jnKanUs