Today I'm Launching @PAPRSOL, a synthetic leverage trading protocol on solana. PAPR.LOL A synthetic perps exchange opened yesterday and did $574B of volume, 93,063 trades, 14,076 users, $98.6M sitting in the pool, and $24M paid to stakers. $21B of that volume was liquidations. I wanted that on Solana. papr.lol is that protocol. The token is the piece you can actually trade. You deposit USDC. You trade BTC and ETH (with more markets coming soon) against the house. Each position is isolated, from 1× to 1000×. No funding. You get filled at the mark. If you win, you’re paid in USDC. A tiny deadband comes off the exit, then impact, then a 2% fee. Your margin comes back right away. If the house can’t cover the profit, the whole thing waits in line until later losses refill that side. If you lose, you get Staked PAPR. It lands in your wallet and freezes there in the same transaction. Supply starts at zero. No premint. No team allocation. The only way these tokens exist is that someone lost. Early on, a one-dollar close mints 98 PAPR. A one-dollar liquidation mints 100. That rate stays flat until the house has taken in $2M, then it decays. The first losses mint more than the later ones. Lock that frozen PAPR and the Meteora token is what pays you. Fees from people trading it come back as USDC, split across everyone who locked. If you leave it unlocked, it earns nothing. Locking and unlocking are instant. Losers get the paid in staking PAPR. The exchange produces the losses. Meteora is where that becomes a dividend. Trading Is Live Here: papr.lol/ This is not investment advice, and is a high-risk activity.