Stake PAPER & Earn USDC Rewards on HyperEVM

Stake PAPER on HyperEVM, monitor staked supply and staking revenue, and review available USDC rewards from the Papertrade dashboard.

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

Paper Activity

Last 25
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 / HYPEREVM

Papertrade PAPER Token, Staking and USDC Rewards

Papertrade brings synthetic perpetual trading and PAPER staking to the Hyperliquid ecosystem. This dashboard brings together PAPER supply, staked balances, the reward curve, staking revenue and protocol reward activity. Connect a compatible wallet to review wallet-specific staking data.

How PAPER Staking Works

PAPER tokens are minted by the protocol under its reward curve, including during realized trader losses. Staked PAPER participates in USDC reward distributions. The amount a wallet may receive depends on its share of staked PAPER and the actual protocol distributions.

Explore PAPER staking rewards →

Papertrade Perpetual Trading

Papertrade is a synthetic perpetuals protocol in the Hyperliquid ecosystem. Trading, deposits and withdrawals are distinct from PAPER staking: trading involves leveraged positions and liquidation risk, while staked PAPER tracks participation in USDC distributions.

View the PAPER dashboard →

Stake, Unstake and Claim PAPER Rewards

Review your PAPER wallet balance and staked tokens in the staking overview. Claimable rewards, reward history and available staking actions depend on your connected wallet and the protocol state. USDC distributions are not a guaranteed yield.

View claimable rewards →

PAPER Supply and Reward Curve

Track total PAPER supply, staked supply, staking participation, distribution activity and token emission dynamics. Displayed protocol statistics can change and should be refreshed from authoritative onchain data.

Explore PAPER token metrics →

Papertrade FAQ

What is PAPER on Papertrade?

PAPER is the token used for Papertrade staking. The protocol issues PAPER according to its reward curve, including issuance associated with realized trading losses.

How does PAPER staking work?

PAPER holders can stake their tokens to participate in protocol USDC reward distributions. Each wallet's share depends on its stake relative to the total staked supply.

How can I claim USDC staking rewards?

Connect a compatible wallet and review the Claimable Rewards area. Available USDC claims depend on the protocol state and your wallet's accrued rewards.

Can I stake and unstake PAPER?

The PAPER staking interface includes stake and unstake functionality for compatible connected wallets. Review the onchain transaction details before confirming.

Which network does Papertrade use?

Papertrade is built in the Hyperliquid ecosystem and the PAPER staking experience runs on HyperEVM.