Stake & Unstake PAPER
Connect a compatible wallet to access PAPER staking actions. The published documentation describes staking and unstaking without a conventional fixed lockup or cooldown.
Papertrade Staking — Stake PAPER, Earn & Claim USDC Rewards
Trade synthetic perpetuals, stake PAPER on HyperEVM, track token supply and staking revenue, and review available USDC reward distributions from one Papertrade interface.
USDC Staking Rewards
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Staked PAPER
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Paper Wallet Balance
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PAPER Staking Rewards
Rewards Claimed--
Your
Stake Share
Total Staker
Rewards$30,734,551.7
Reward
Rate0%1%99%
Reward TokenUSDC
Paper
Total
Supply6,449,264,140.2
Staked
Supply6,365,947,756.7
Stake
Ratio98.7%
Token0xe40f...1c0e
Staking
Contract0xaad6...f016
Connect a wallet to stake or unstake PAPER.
Distribution
Pending
Rewards$82.08
Latest Distribution
Staking Revenue
Paper Reward Curve
PAPER minted per $1 realized loss
LP BALANCE $11.88M
MINT RATE 25.2 PAPER / $1
Paper Activity
| Loss Close | 0xbafa...c849 | 15,749.83 | |
| Loss Close | 0x9e52...d936 | 5,280.61 | |
| Loss Close | 0xd812...d01c | 1,827.51 | |
| Loss Close | 0x2a63...0830 | 475.12 | |
| Loss Close | 0x2b78...37cc | 8,057.54 | |
| Loss Close | 0x9587...2741 | 18,087.28 | |
| Loss Close | 0x04bb...ffea | 1,338.07 | |
| Loss Close | 0x2e59...a5fc | 483.54 | |
| Loss Close | 0xabe8...9e4f | 267.61 | |
| Loss Close | 0x758e...1541 | 267.61 | |
| Loss Close | 0x758e...1541 | 267.61 | |
| Loss Close | 0x32ca...8cf1 | 454.02 | |
| Loss Close | 0xb750...a554 | 1,717.23 | |
| Loss Close | 0x9587...2741 | 50,343.48 | |
| Loss Close | 0x72a6...43d5 | 902.32 | |
| Loss Close | 0x3741...437e | 15,749.94 | |
| Loss Close | 0xfeef...76bd | 164.78 | |
| Loss Close | 0x401f...19e6 | 332.40 | |
| Loss Close | 0x9587...2741 | 24,713.60 | |
| Loss Close | 0xed40...2d1e | 28,496.10 | |
| Stake | 0xf3dc...1672 | 80,291.19 | |
| Loss Close | 0x8365...019a | 2,676.25 | |
| Loss Close | 0x7a83...61ba | 4,107.51 | |
| Loss Close | 0x998f...3862 | 1,338.13 | |
| Loss Close | 0xef20...3355 | 5,080.34 |
Total Paper Supply
TotalStaked
Total Staking Rewards
PAPERTRADE / PAPER STAKING
Stake PAPER — Track USDC Rewards & Staking Activity
Use the Papertrade staking page to review PAPER supply, staked supply, staking participation, reward distributions and wallet-level claimable USDC when available. PAPER staking is separate from perpetual trading margin and depends on protocol distributions rather than a guaranteed fixed yield.
Available USDC Distributions
Staked PAPER can participate in available USDC revenue distributions sourced from the protocol economics described in the staking documentation.
Staked Supply & Wallet Share
Track total staked PAPER and your wallet position. A wallet share depends on its stake relative to total staked supply and on distributions actually made.
PAPER Supply & Emission Curve
PAPER minting is tied to eligible realized trading losses and liquidations. The emission curve changes as protocol conditions evolve.
How PAPER Staking Fits Into Papertrade
Papertrade combines synthetic perpetual trading with loss-backed PAPER emissions and protocol-side revenue distribution. Trading risk and staking reward mechanics are distinct: holding or staking PAPER does not remove market or liquidation risk from leveraged positions.
Read staking mechanics → · Read PAPER emissions → · Open Trade →
How PAPER Staking Rewards Are Accounted & Claimed
Papertrade staking uses a pro-rata reward-accounting model rather than a fixed advertised yield. A wallet's share depends on the amount of PAPER it has staked relative to total staked PAPER and on USDC distributions actually made by the protocol. The published staking documentation describes reward-per-share accounting: eligible protocol revenue is forwarded into the staking system, the global accumulator advances, and each staker's claimable balance reflects its participation over time. When USDC rewards are available, a connected wallet can claim them into the Papertrade balance before using the supported withdrawal flow. Unstaking stops future accrual on the unstaked amount while already accrued rewards remain separately claimable under the documented model.
PAPER Fair Launch, Loss-Backed Emissions & Staking Participation
The supplied protocol documentation describes PAPER supply as beginning at zero, with no pre-mint, team allocation, VC allocation, airdrop or vesting schedule. Eligible realized trader losses and liquidations can mint PAPER according to the active emission curve. Staking is therefore downstream of the trading system: traders can create new PAPER through eligible loss events, while PAPER holders can choose to stake tokens for participation in available USDC revenue distributions. The staking page combines these concepts by showing supply, staked supply, wallet stake, reward history and emission activity without presenting rewards as guaranteed income.
PAPER Staking FAQ
What is PAPER staking?
PAPER staking lets holders participate in available USDC revenue distributions according to the protocol staking and distribution mechanics.
Where do PAPER staking rewards come from?
The documentation describes LP-side protocol revenue and eligible LP excess distributions as sources that can flow to PAPER stakers.
Can I claim USDC rewards?
When rewards are available for a connected wallet, the staking interface can show claimable USDC and reward activity.
Is PAPER staking locked?
The published documentation describes instant stake and unstake behavior without a conventional fixed lockup or cooldown.
How is my staking share determined?
A wallet share depends on its staked PAPER relative to total staked supply and on distributions actually made by the protocol.