TREE NEWS update: HyperEVM-based synthetic perpetuals protocol Papertrade has opened pre-deposits, with users given two days to fund accounts and create profiles. The protocol said formal trading is expected to start about one hour after the HyperEVM network upgrade completes on Oct. 10, with the exact time to be confirmed via Hyperliquid’s Discord. Papertrade uses Hyperliquid order-book BBO midpoint pricing, offers high leverage with zero slippage and no funding fees, and its PAPER token starts with zero supply.
Papertrade Opens Pre-Deposits Ahead of Oct. 10 Trading Launch
AI take
The two-day pre-deposit window functions as a demand gauge before the trading launch, but the timing is entirely contingent on the HyperEVM upgrade, leaving a narrow, upgrade-dependent runway. The zero-slippage, no-funding-fee model is the real differentiator here: it removes two cost layers that usually define synthetic perp economics, which matters for traders weighing execution quality. How that pricing holds up once order books carry real flow is the open question, as is whether the zero-supply PAPER token becomes a live incentive at launch.
Generated by AI for reference only.
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