Hyperliquid ecosystem trading protocol Papertrade announced that, to prevent market manipulation and mitigate risks to liquidity pools, PAPER token transfers outside of contracts will not be enabled at this stage. This is to avoid external perpetual short positions amplifying attack profits. The protocol will also adjust its fee structure: for trades where the closing price during active trading hours is within 0.06% of the opening price, and within 0.1% during inactive hours, a new fee rate will be applied to limit high-frequency arbitrage strategies. Other trades will remain unaffected. The PAPER token issuance mechanism will also be updated. For every $1 million in trader losses, approximately 0.1% of the total supply of PAPER at that time will be minted. A dynamic minting mechanism will also be introduced to reduce insolvency risks. This upgrade will further introduce whitelisted Builder Codes, with related contracts to be deployed via a time lock after security checks are completed. https://(wublock123.com)/news/papertrade-pauses-paper-token-transfers-fee-and-tokenomics-changes-70334