Papertrade Opens Deposits Ahead of Expected Oct. 10 Trading Launch

Papertrade has opened deposits and account creation ahead of an expected Oct. 10 trading launch, giving users an opportunity to complete setup before the platform begins handling live activity.

Trading is expected to begin about one hour after an expected HyperEVM network upgrade is completed. The precise start time will be posted through Hyperliquid’s Discord channel.

The predeposit window will remain open for two days. Deposits made earlier during that period will not receive an additional advantage, while account creation and deposits are expected to face heavier congestion once trading begins.

Papertrade is a fully on-chain synthetic perpetuals platform deployed on HyperEVM. It will use the midpoint between the best bid and offer on Hyperliquid’s order book for pricing. Users will trade directly against the protocol’s liquidity providers instead of using a conventional order-matching system.

The platform is built around high leverage, zero slippage and no funding fees. Its native PAPER token will have an initial supply of zero, with no pre-mine, team share or venture capital allocation. User losses or liquidations will be the token’s only minting source.

PAPER will not be freely transferable at launch and will primarily support staking. Initial trading will be available through Papertrade’s website interface and whitelisted relays, while direct contract interaction will open after congestion eases.

The expected trading launch is set for Oct. 10, following completion of the HyperEVM upgrade.