Update
Papertrade's LP Caps Raised to $10M
Papertrade's liquidity provider (LP) account saw a significant increase in its trading limit from $0 to $5 million in its first day of trading. The team confirmed that attempts to profit by manipulating BTC and ETH quotes on Hyperliquid were possible due to loose open interest caps at launch. These caps have now been tightened. The team also noted that an overnight winner was able to recoup nearly all of their profit. The LP level above which extra funds go to stakers was raised from $5 million to $10 million on October 17 at 18:45 UTC.