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Crypto DeFi

Papertrade Perpetual Futures Exchange Launches with 1,000x Leverage and Loss Mining

Papertrade, a perpetual futures exchange built on HyperEVM, will begin live trading on Saturday, October 10, following yesterday’s start of pre-deposits. The platform offers up to 1,000x leverage, with no slippage or funding rates, using a shared USDC pool called Martingaler LP as the counterparty, and issues PAPER tokens to traders who incur losses.

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