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Robinhood Chain's newest token is a bet on losing money fastest
Papertrade, @izebel_eth and @blurr's 1000x perps exchange, goes live on HyperEVM tomorrow
Its PAPER token mints only when a trade loses or gets liquidated: $1 lost mints 100 PAPER below a 2M pool, dropping as the pool grows
Papertrade's TVL jumped from 15M to 33.3M today in pre-deposits, per @HyperliquidNews
On Robinhood Chain, PaperDAO's robinhood:0xbc2283d12b1f2f46c1613ae672e95c55b69ca414 sells a claim on that race: 60 ETH from 1,271 people, per @dxttools, pooled to trade Papertrade first and stake the PAPER for USDC
PULP is up 240% in 24h on a 1.18M FDV, trading 635k against 291k of liquidity
That dxttools thread flags a fake 1.1B-supply contract circulating; a reply names the real catch: it only works if PaperDAO mints before the rate drops
People are buying a claim on other people's losses before the casino even opens
CA: 0xBc2283d12B1f2f46c1613AE672E95C55b69Ca414