Papertrade flywheel is crazy
Total trader PnL: -$27M
Total staking rewards: $20M
This is less than a single day of protocol operation, but will Papertrade be able to sustain these metrics in the long run?
Papertrade reminds me of
@prjx_hl its launch was just as hyped and shrouded in mystery
Now it’s a simple product with $30M in TVL and $30K in daily fees
I’m not saying that’s a small amount; it’s more that maintaining these numbers along with the token price will be extremely tough