Zero | 🦡

🚨🇵🇱COUP UNDERWAY IN POLAND! PM Donald Tusk has just sent police to storm Constitutional Tribunal building in Warsaw in the middle of the night. Tusk waited until President Karol Nawrocki left the country before ordering the police takeover. Nawrocki was halfway to Senegal when he abruptly turned his plane around and rushed back to Poland to confront the unfolding crisis. The EU, which backs Donald Tusk, has STILL NOT issued a statement on this unprecedented crisis or condemned the attempted coup.

[🌲] POTENTIAL BINANCE HACK ONGOING - ONCHAIN

owning paper is owning a share in the house this is only valuable insofar as the house is valuable. owning a lot of a dead house is worthless, and any design that would let the house stay at zero is a failed design. when we went out, there were certain known problems with known timelines (builder codes) and some unsolved problems with unknown timelines. the perp attack described in the main was an unsolved problem, but we hoped to solve it as we made progress elsewhere. we knew it was impossible to set all the parameters and variables perfectly prelaunch - we are the first through the wall in a very adversarial environment - and i thought we would have more time to find solutions. unfortunately, the way things are advancing, we dont have six months until a large perp listing, its coming already. these were labelled as unsolved “good problems” and here we are. the market forced our hand into making the decision before we found a solution to the problem, and so for the health of the protocol the token is now non-transferrable. i want to thank all of the pre-market perp dexes, especially the hyperliquid ecosystem ones, who were in contact through this process. i am sorry I was not able to find a design for transferability that worked, i tried very hard. ultimately, the success of papertrade relies on what it always has - whether the end product has user PMF. i have extreme confidence in the product we've built and continue to add to. i have had to personally self-exclude myself from similar products before because i used them too much. the token being transferable or not does not change whether a degen will longterm choose to trade on papertrade or not. the execution, site quality, mechanism, and economics of the trade will. papertrade is the fastest way to go from usdc in your wallet on any chain to a leveraged speculation exposure. providing clean, working, composability derivative liquidity in a permissionless environment is the vision. thank you for your all your support since launch, and good luck to us