[Over $50 Million Distributed in the First Week of Launch, Papertrade Supports 1000x Leveraged Synthetic Positions] Odaily Planet Daily News: Ansem posted on the X platform stating that Papertrade allows users to open and close synthetic positions with 1000x leverage without causing actual market impact. In its first week of launch, the platform has distributed over $50 million to PAPER stakers. Its model uses traders' losses to support on-chain liquidity pools, with losses exceeding the liquidity pool cap allocated to PAPER stakers. Ansem mentioned that this model could potentially expand beyond perpetual contracts to speculative games and online entertainment sectors in the future. However, whether it can continue to attract users, maintain liquidity, and achieve long-term growth remains to be validated by market performance.