Paper perpetual contracts are now live on Hyperliquid.
Oct 18, 19:29
On October 18, Paragon announced that PAPER now supports 24/7 trading on Hyperliquid, currently quoted at $0.012.
PAPER is the native token of the HyperEVM synthetic perpetual contract platform PaperTrade. The token is minted based on traders' realized losses and can be staked to earn a portion of the platform's fee revenue.
Currently, PAPER trades as a Pre-Launch perpetual contract and will later convert to a standard perpetual contract.