paperdao
join the raise

day one on
papertrade,
together

papertrade launches with an empty lp, and the earliest flow mints the most paper. paperdao pools capital so we can trade the front of the curve together, at size, from the first block.

pulp in, paper out.

join the raise on daos.world how papertrade works
papertradea fair-launched synth-perp venue on hyperliquid

no seed lp. no pre-mint. no team or vc paper.

the lp starts at $0 and bootstraps from trading. you trade against the pool: winners get paid, or queued first-in, first-out if the lp is short, and losses mint paper, the only claim on future lp revenue.

paper minted per $1 of loss basis

against tracked lp size. flat to ~$2m, then decaying. decay shape illustrative.

0 50 100 $0 $2m $4m $5m $6m tracked lp launch: lp at $0. 100 paper per $1 late flow mints less excess sweeps to stakers
one way to mint
you can't buy into the lp. paper mints only when a position closes at a loss or is liquidated.
early flow gets paid
while tracked lp is under ~$2m, every $1 of loss basis mints 100 paper. then the curve decays.
paper earns usdc
stake paper for a share of lp revenue. once the lp clears ~$5m, the excess sweeps to stakers.
paperdaoday-one papertrade, as a group

trade the front of the curve together.

the flat region won't last. paperdao pools capital so we get size on day one and share the pnl and paper exposure as a group, instead of watching from the sidelines.

  1. 1

    pool

    raise on daos.world. one treasury, more size than any of us alone.

  2. 2

    trade

    deploy a range of strategies from the first block, while minting is cheapest.

  3. 3

    share

    paper, staking yield and pnl stay in the treasury, owned pro rata through $pulp.

$pulpthe daos.world token for this treasury

one token, one claim on the treasury.

$pulp is a pro rata share of everything paperdao holds, redeemable for paper.

supply

  • total supply1,100,000,000
  • locked uniswap v3 pool100,000,000

what the treasury holds

  • usdc trading capitalliquid
  • paperstaked
  • usdc from stakingaccruing

fees burn $pulp

paperdao takes the full trading fee on $pulp volume and uses it to buy back and burn $pulp. same treasury, fewer tokens.

timeline

in place before the first block.

  1. 10.08.2026

    predeposit

    the treasury moves to hyperevm and deposits ahead of the launch rush.

  2. 10.10.2026

    live trading

    paperdao trades from the first block. paper mints from a supply of zero.

  3. later

    redeem for paper

    once paper can be transferred, $pulp holders redeem for their share of paper.

pulp in.
paper out

join the raise on daos.world read the papertrade docs

the raise is trading capital for papertrade. no returns promised. deposit at your own risk.