ما هو PAPERTRADE(PAPER)؟

What is Papertrade? Papertrade is a fair-launched, fully on-chain perpetuals exchange built on Hyperliquid, with several unique features: 1000× leverage One-click Buy/Sell, no orderbook Zero slippage No funding costs Self-bootstrapping LP No spread How it runs Papertrade's smart contract uses Hyperliquid's BBO mid as an oracle to create synthetic swaps between the user and the LP. No perpetual contracts are traded on Hyperliquid itself. The contract lives on the HyperEVM L1 and reads HyperCore state through precompiles. papertrade.xyz is the first canonical frontend for the protocol, built to make the initial trading experience seamless and responsive.