know ive been tweeting about this a lot but really think papertrade could be a generational setup

high leverage perps are crypto's most profitable product to date, demand for speculation is not going to go away

ability to open/close synthetic 1000x positions w/ no market impact is a novel mechanism, paired w/ the house-trader relationship where trader losses fund the onchain LP, & all losses after a certain LP cap get paid out to traders staking the platform's native paper token - can see how this can maintain traction longterm, already at 50M+ paid out to $PAPER stakers in first week

every other perp dex's revenue comes from a small take rate on the fees of volume, no perp dex has been able to monetize directly trader losses, of which it's been shown is a much larger number, in theory winners should be able to easily get paid out from house LP over time as high leverage has a difficult success rate, ideal state is that its closer to 50/50 winners/losers after a certain LP cap and even then its a much better model allowing traders to own the house