Recently discovered a new fully on-chain perpetual contract platform @papertrade_xyz It’s a fair launch project built on Hyperliquid, 100% owned by users. Key features: • Up to 1000x leverage • Zero slippage • No funding fees The LP mechanism is what makes it special: it uses synthetic exposure + Martingale strategy, enabling organic growth even starting from 0 TVL. Even in cases of temporary insolvency, it can issue debt to profitable traders to maintain liquidity. The PAPER token is only minted when traders incur losses, which helps strengthen the health of the LP. Check out their Docs for detailed mechanisms: https://docs.papertrade.xyz/