[Papertrade Reaches $14.4 Billion in Notional Trading Volume Within 10 Minutes of Launch] According to a report by Jinse Finance, on October 10, Papertrade achieved a notional trading volume of $14.4 billion within less than 10 minutes of its launch. The open interest for Bitcoin and Ethereum contracts stood at $3 billion and $2.66 billion, respectively. Based on the project mechanism, for every $1 loss incurred by platform users, the protocol will mint a certain amount of PAPER according to a curve. When the LP balance is below $2 million, every $1 loss corresponds to the minting of 100 PAPER. Once the LP balance exceeds $2 million, the minting rate will decrease as the balance increases.