Monad Metropolis 正式开启！ ​ Metropolis 為Monad年度旗舰黑客松，EVM 生态规模最大的开发者活动之一 9月1日 – 10月13日展开为期 6 周的全球线上赛程6 周全球线上赛程、全球开放，$250,000+ 奖金与资源 ​ 全球七座城市办线下 Metropolis Hacker House，中国将举办两场： 🇨🇳 杭州 ｜ 9 月 19 日 (星期六) 🇨🇳 深圳 ｜ 9 月 26 日 (星期六) 加入：hackathon.monad.xyz ——四大赛道—— -链上金融与交易：用快速结算做新的资产原语与市场 -消费产品与支付：让加密金融体验于无形 -社交、注意力与文化：开放社交图谱、注意力市场、可演化生成艺术 -信任、身份与 AI 基础设施：人格证明、内容护照、跨应用 AI 记忆 总冠军 $30,000，每个赛道 $30,000（前三名各 $10,000），另有 20 项赞助商赏金。优秀项目将获得进一步的投资人、生态合作方与全球资源支持。 本届 Metropolis 与众多生态与技术合作伙伴支持，包含阿里云Qwen(@Alibaba_Qwen)、Kimi(@Kimi_Moonshot)、腾讯云(@KeplerPlan)、Chainlink、MetaMask、Nansen AI、Alchemy、Agora、Privy、Dynamic、Perpl 等合作伙伴将为 Builder 提供支持。 中国 Builder 9.19 杭州、9.26 深圳，两场线下 Hacker House 见 💜

A note on transferability. Papertrade is a complicated primitive, and managing it from a risk standpoint is a complicated problem. The PAPER token is far more integrated into the economics of the primitive than most tokens are in their respective protocols today, and, broadly, was designed to act as a counter insolvency incentive coupled with a rebate mechanism to losing traders. Market makers and exchanges are by far the two most profitable businesses in crypto, and our goal was to try and externalise as much of their margins back to users as possible. We are now just over a week into the life of papertrade and we are becoming increasingly confident that this is both possible, but also a likely outcome as agentic led software becomes the norm. As it stands, the paper token traded as a perp becomes a leveraged bet on bankroll solvency - and being able to short bankroll solvency materially changes the payoff curve of a manipulation attack. The target number goes from the bankroll, to the bankroll + short side exposure on paper. We can, and do limit bankroll size specifically to control this payoff curve and ensure it never becomes existentially problematic, but external perp markets are not something we would have any control over if left to float of their own accord. For example, if our bankroll is $10m, an attack costing $15m manipulating the price of bitcoin or ether is not viable. You simply lose money. If however you were also able to put on $10m of PAPER short side exposure, suddenly an attack costing $15m is very viable indeed. If we were to make the token transferable at this point, we are confident we would quickly enter a state too dangerous to allow any material exposure to be taken on papertrade, an end result that benefits no party beyond the wolves who have done the math on the short and are waiting in the wings with sharpened knives. We would also like to thank the various perps teams who have reached out about pre-market listings for their understanding and patience regarding this issue, and especially to the paragon team who, despite jumping the gun on us, have behaved with the utmost integrity and transparency once a dialogue was opened. Perps on PAPER will always act as a self-limiting exposure ceiling for a token with this type of utility, and we think it would be a shame to limit the growth of papertrade to the extent that allowing perps would necessitate. As such, at this juncture we do not have plans to allow off-contract token transferability. Structurally, papertrade is limited by the quality of the data it receives from hyperliquid, but we strongly believe that hyperliquid has a very large part to play in the future of global exchanges, and expect their books to continue to thicken and strengthen over time. A note on fees. Papertrade launched with a deadband fee from entry of 0.2bps. This means you don't earn anything until the price has moved by 0.002% in your favour. Over the months before launch, we played around with many different curves and fee structures affecting exclusively positions closed very close to entry price in order to try and devise a structure that removed the edge against the bankroll low time frame scalp bots have, whilst also minimally impacting the traders around which and for whom the product was devised. We were never able to find anything we were absolutely happy with and so decided to stay with the 0.2bp deadband fee through launch. This has however meant we have had to be very restrictive when it came to certain parameters, such as OI caps. Now, however, we have enough live data to fully understand exactly which strategies work, and to make the necessary changes to stop them. The changes we are making will have an on hours and off hours fee mode to account for the relative differences in liquidity the hyperliquid books see between these two time periods, and the ease with which low time frame moves are signalled. The changes we are making will only affect positions closed within 6bps of entry (0.06%) in on hours, and 10bps (0.1%) in off hours. Any trades closed above these threshold price shifts will see no change to their fees at all. On a look back to launch basis, these changes affect the profitability of bot strategies roughly 15x more than they do normal traders, for whom a very small proportion of overall winnings come from within this band. These changes should serve to flatten much of the edge our microfee structure necessarily creates on low time frames, and will help with long term exchange sustainability. This should hopefully allow us to open up parameters such as OI caps a little more so those of you who wish to can put on the size you want to, when you want to. It is possible these changes are still too lax, and that further revisions to this structure may be necessary going forwards. If so, we will notify users ahead of time. A note on paper tokenomics. In conjunction with the fee changes, we will also be implementing a change to the token issuance curve. Going forward, every $1 lost mints a fixed share of PAPER's supply at that moment, roughly 0.1% of supply per $1M lost (the exact number depends on the mint rate at the time the contracts are upgraded). PAPER minting in and near insolvency will also change, switching from a flat 100 per $1 of loss, to a time weighted multiplier on the curve growing over time, effectively acting as the house running a discounted auction on its own future cash flows. This change also removes the risk of the paper-mint-straddle-attack, temporarily pushing the protocol insolvent by closing only the winning side of a large straddle position and then attempting to mint as much paper as possible. In the immediate term these changes will only have a very subtle effect on PAPER minting, but in the long run will structurally change the outlook of the system beyond the first few weeks, serving to slowly dilute out older holders and leaving more recent users with an advantage. Reconstituting the PAPER system into something much closer to the exchange rakeback it was intended to be. We have been very reticent to touch this particular aspect of the system for obvious reasons, but ultimately we believe that these changes provide all users with the optionality to take a smaller piece of a potentially much larger pie than the current dynamic might necessarily allow. Other, miscellaneous notes. These contract upgrades will include a few other contract changes, including the addition of builder codes so that builders can utilise papertrade in whatever capacity they choose to. This will be a whitelist only to begin with and we will have more for you later in the week on where/how this will be rolled out. A small change to contract permissions on the reward distributor and a change on how below bust closes are processed by the exchange are also included, largely to block gas griefing attacks. These changes will be pushed to docs in full over the coming day, and we will further announce once the changes are queued into the timelock pending final security passes, scheduled to go live 24 hours after that point. Final note. We'd like to thank everyone that has tried out papertrade over the last 10 days. It has been a labour of love building this product and both of us have been taken aback at all of the positive feedback we have received. We'd also like to thank all those of you who have spent considerable time musing on the system we have built, and much of your advice has been taken onboard and will likely affect the colour of what papertrade becomes going forward. We know some of these changes will be unpopular with some, but we would not be making them if we did not feel them to be absolutely necessary. - blurr, jez

abs @AbstractChain 开了个头， StandX @StandX_Official 表示跟上。 以前积分是项目方和用户的默契，是未来 TGE 代币的兑换凭证，现在不再是了，预计未来帐算不过来的项目方，都会选择这种方式， Point is Point。

closed all positions on @papertrade_xyz for now people are net long $1.15b so if crypto pumps, this is kinda cooked

我已经研究出新时代的个体工商户了，稳赚不赔，比那些中药奶茶店赚多了 1. 购入两台DGX，成本6万，部署MiniMax-H3 2. 寻找一个集中中转站或者视频平台，提供算力给他们 此时，创作者可以使用这些低廉算力，创造AI短剧 此法有三好 1. 相比于实体产业，这个算力产业没有不可回收成本，没有店铺成本，没有人力成本，无需加盟 2. 即使创业失败，DGX成本回收，亏损极小，保值率极高 3. 完全的睡后收入，不需要任何精力，只需要提供稳定网络即可，稳定电力即可。成本极低 为何成立呢？ 1. 相比于卖DS V4 Flash算力，视频不需要考虑什么隐私问题，短视频片段没有太多价值 2. AI视频是一个强抽奖的东西，一次抽20次效果更好，因此算力是强需求 3. 只卖算力无需思考，纯粹的收租生意 4. 相比于文字LLM，视频是一个天然可以并行生成的东西，并不会和文字LLM一样，强依赖上下文工作，无法并行，因此零散算力也是非常具有商业价值的 感觉后续这才是AI和去中心化结合的强力方式。 真正解决了文字LLM难以去中心化 和去中心化导致隐私的问题

我在 @SolvProtocol ：约 50 $BTC 至今无法正常赎回，我贪的是你 3% 的年化收益，你图的却是我的全部本金。 2026年7月8日，我从 Binance 提取约 50 BTC，通过正常渠道转换为 SolvBTC → BTC+。 我的目的非常简单，没有进行任何复杂交易或投机操作，只是希望通过持有 BTC+ 获得约 3% 的年化收益。 因为投入金额很大，存入以后我基本每天都会登录 Solv 官网查看 BTC+ 的净值以及收益增长情况。后来我发现 BTC+ 的铸造和赎回功能突然暂停。 7月13日，BTC+ 发生安全事件，但当时作为普通用户的我并不知道究竟发生了什么。 7月18日、7月20日，我两次在官方社区询问为什么 BTC+ 暂停铸造和赎回，希望了解自己的资产到底发生了什么，但始终没有得到针对这一问题的有效回复。 7月22日，Solv Protocol 才公开披露此次安全事件，并表示用户资产未受损。 7月31日，项目方宣布相关功能恢复，工作人员也明确告诉我“现在可以发起赎回了”。但当我实际操作时，却发现我的地址仍然受到限制，约 50 BTC 对应资产无法正常赎回。 从7月31日至今，我持续通过官方 Discord、Telegram 和邮件寻求解决。项目方要求我提供的资金来源、交易记录、钱包控制证明、账户信息以及其他说明，我都一直积极配合提交。 截至目前，双方已有约 60封邮件往来，其中约50封由我发送。9月份也通过各种渠道，联系该项目相关人员，但都没有给我回复任何有效信息。 我的诉求只有一个：解除限制，恢复正常赎回，让我取回自己约 50 BTC 对应的资产。 我愿意继续配合合理的风控及合规审核，也已经按照要求提供相关资料。 请 @SolvProtocol 正面回答： 资料已经提交，审核还需要多久？ 为什么我的地址至今仍然受到限制？ 什么时候才能恢复正常赎回？ 我之所以选择 BTC+，是因为当时我在 Binance Web3 Wallet 的 BTC 理财/收益相关页面看到了 BTC+ 产品的展示/推荐入口。出于我长期以来对 Binance 平台的信任，我对通过 Binance Web3 Wallet 接触到的该产品也产生了较高的信任，因此决定将约 50 BTC 转入 BTC+。 也希望 Binance 联合创始人兼 Co-CEO 何一 @heyibinance，以及 Binance Co-CEO Richard Teng @_RichardTeng 能够关注我的遭遇。 @Venusprotocol 作为Solvbtc重要的借贷市场，针对该项目目前官方群组出现的大量用户反馈长期无法赎回受限的情况，你们是否已经启动专项的风险评估？ 同时，我也希望 @SolvProtocol 的投资方及生态相关方能够关注此事： @yzilabs @blockchaincap @LaserDigital_ @OKX_Ventures @TheSpartanGroup @IOSGVC @hashed_official @mirana 我并不是要求这些投资方或 Binance 为 Solv 承担责任。 我只是希望各位作为 Solv 的投资方、生态相关方，以及我最初接触这一产品的重要渠道，能够关注一个普通用户约50 BTC长期无法正常赎回的问题，并协助推动 @SolvProtocol @Ryanchow_defi @Will42w @myantokengeek 给出明确、透明且可执行的处理方案。 希望大家能对我伸以援手，感谢感谢。