Papertrade Keeps PAPER Token Non-Transferable, Citing Perp Attack Risks

Papertrade's choice to keep PAPER non-transferable highlights a growing tension in token design: teams increasingly treat liquidity as an attack surface rather than a feature. The immediate burden falls on holders who earned PAPER through losses and now hold staking rewards without an exit, a structure that concentrates patience on a community already absorbing downside. The open question is whether the perpetual-futures threat justifies an indefinite lock or merely postpones the harder work of building transfer mechanics that can withstand it.