From TokenPost · · 40s
Papertrade Restricts PAPER Transfers, USDC Payouts in Focus
Papertrade's PAPER transfer restriction forces traders to rely on USDC staking for loss offsets.
In brief
Papertrade's PAPER transfer restriction forces traders to rely on USDC staking for loss offsets. Papertrade's PAPER transfer restriction means traders earning tokens from losses must use USDC staking distributions to offset those losses. Originally reported by TokenPost.
Papertrade's PAPER Transfer Restriction
Papertrade restricts PAPER transfers outside contracts, forcing traders to rely on USDC staking distributions to offset losses.
USDC Payouts Offset Trading Losses
Traders earning PAPER from losses cannot send tokens outside contracts but can withdraw USDC distributions immediately.
Loss Types Affect Payout Timing
Ordinary losses use 98% of loss basis after 2% fee, liquidations use full loss basis for PAPER minting.
The big picture
Papertrade's PAPER transfer restriction means traders earning tokens from losses must use USDC staking distributions to offset those losses.
