**[Papertrade Ranks Second in Network Revenue Within 6 Days of Launch, Over 98% Distributed to PAPER Stakers]** BlockBeats News, October 15 — According to DefiLlama data, Papertrade has accumulated $42.24 million in revenue within six days of its launch, currently ranking second in daily revenue among all protocols, surpassing Circle and trailing only Tether. Additionally, according to Papertrade's official website, the protocol has distributed a total of $41.58 million to PAPER stakers. This means that 98.46% of the protocol's revenue has been allocated to token stakers. It is worth noting that the definition of "protocol revenue" includes: a 2% fee on realized PnL from closed trades on the platform, a 2% fee on margin losses from liquidations, and LP balances exceeding the $5 million cap that are transferred to PAPER stakers. Therefore, the majority of the so-called "protocol revenue" stems from LP balance growth caused by trader losses on the platform. According to the official documentation, PAPER staker dividends come from two sources: 1. The protocol's 2% fee revenue (split equally with developers). 2. Any LP balance exceeding $5 million, with all excess amounts fully allocated to stakers. As a result, the protocol creates a closed-loop system where "losers receive platform shares (PAPER), winners take the losers' money, and the platform takes fees from winners to subsidize losers." [Original Link]