As an investor supporting and spotting good teams with actual building capabilities is a good conviction
We’ve seen an influx of hype on
@paperdao_xyz in the past few days so here’s what you need to know in 60 seconds
Here’s how Paperdao work
It is a fair launched synth perp venue on hyper liquid
Papertrade launches with an empty LP, No seed, No pre mint, No team or VC
$PAPER.
Losses and liquidations mint the token and Earliest flow mints the most.
They operate on an Independent treasury system and Not the Papertrade team
They are backed by
@daosdotworld and have a supply of 1.1B with 100M locked in the Uni v3 pool, Team allocation is 0 and the rest sold on the raise.
Oct 8: predeposit
Oct 10: Paper goes live
They are also run by well known team
Whitelist form is live and would be in the comment below
Super excited to support this project with their increasing rise in potential
gPaper