
Papertrade allocated $2.12m to PAPER stakers on October 18, but its payout calculation does not reserve for open trader profits. On October 17, the LP balance was $4.91m versus $4.22m in house funds after accounting for those profits. If winners close for more USDC than is available, payouts enter a queue funded by later trader losses. No current shortfall is established, but staker distributions are not proof that all outstanding trader claims are covered. //zero illusion
