Papertrade Documentation — Trading, PAPER, Staking & Hyperliquid
Technical and product documentation for Papertrade trading, LP mechanics, PAPER tokenomics, staking and HyperEVM architecture.
Introduction
Start with What is Papertrade?, the FAQ and the Quick start guide.
Trading mechanics
Learn how trades are priced, how PnL settles, how liquidations work and what happens when the LP payout queue is active.
Protocol architecture
Explore HyperEVM contracts, HyperCore BBO pricing, CREATE2 deposit proxies, solvency accounting, the PAPER mint curve and protocol risk.
PAPER token and staking
Read how PAPER is minted from eligible losses and how staked PAPER participates in USDC revenue distributions.
Related Papertrade Guides
Frequently Asked Questions
What does the Papertrade documentation cover?
It covers perpetual trading, BBO pricing, liquidations, deposits, LP solvency, PAPER tokenomics, staking and HyperEVM architecture.
Where should a new trader start?
Start with What Is Papertrade and Quick Start, then read Trades and Pricing and Liquidations before using high leverage.
Where are PAPER staking mechanics documented?
The PAPER overview, emissions, staking dividends and staking and claims pages cover the token and reward mechanics.