Papertrade để điều chỉnh phí giao dịch và cơ chế đúc token

The Huoxing Finance report states that on October 20, Papertrade announced it currently has no plans to allow external transfers of the PAPER token and will adjust short-term trading fees and the token issuance curve. The team believes that PAPER perpetual contracts could make the liquidity pool’s solvency a target for short selling, and external short exposure may increase the profitability of manipulation attacks—markets beyond the protocol’s control. Fee adjustments will be implemented in phases and will only affect trades where the closing price is within 0.06% or 0.1% of the opening price; fees for trades exceeding these thresholds will remain unchanged. According to backtesting data since launch, these adjustments are expected to impact robot strategy profitability approximately 15 times more than average traders, potentially creating room to raise the upper limit on open interest. Regarding token issuance, for every $1 million in losses going forward, approximately 0.1% of the then-current PAPER supply will be minted, with the exact ratio dependent on the minting rate at the time of contract upgrades. When the liquidity pool approaches or enters an insolvent state, the fixed rate of minting 100 PAPER per $1 lost will be replaced with a time-weighted multiplier mechanism. The team states that, in the long term, this new mechanism will gradually dilute the holdings of early participants, giving recent users a relative advantage. This upgrade will also introduce builder code initially accessible only to whitelisted users and adjust certain contract permissions to guard against gas consumption attacks. The team will announce further details when the upgrade enters its time lock, with a planned go-live 24 hours later, subject to final security checks.