Papertrade Launch on Hyperliquid
Papertrade (PAPER) · Releases & Updates · October 10, 2026
Papertrade, a fair-launch synthetic perps exchange on Hyperliquid with up to 1000x leverage, has set October 10, 2026 for launch.
Papertrade is a synthetic perpetuals exchange built on Hyperliquid, with trading logic on HyperEVM and USDC held on HyperCore. The team posted 10.10.2026 as its date after repeated launch reminders. Every trade is a swap against the LP at Hyperliquid's on-chain mid-price, so there is no funding, spread or slippage within open-interest caps. At launch it lists BTC and ETH with up to 1000x leverage and a $10M per-user position cap. Its PAPER token starts at zero supply with no pre-mint, team, VC or airdrop allocation: tokens are minted only to traders who close at a loss or get liquidated, and PAPER stakers earn a share of LP revenue in USDC.