Less than 10 minutes after launch, Papertrade's notional trading volume reached $14.4 billion

Odaily News: Less than 10 minutes after Papertrade went live, its notional trading volume has reached $14.4 billion, with Bitcoin and Ethereum contract open interest at $3 billion and $2.66 billion, respectively. According to the project's mechanism, for every $1 lost by platform users, the protocol will mint a certain amount of PAPER along a curve; when the LP balance is below $2 million, every $1 lost corresponds to 100 PAPER minted, and once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.