Update
Papertrade Minting Upgrade and Fee Changes
Papertrade has announced a new minting upgrade for its $PAPER token, which will dilute older holders. The upgrade is not live yet. Fees have decreased to $0.90M on Oct 17, with DefiLlama showing $2.34M on Oct 18 and $1.91M on Oct 19. The team plans to keep the $PAPER token non-transferable and introduces a new fee for trades within 6 bps of entry, targeting bot strategies. TVL on DefiLlama has decreased from $102.09M on Oct 11 to $55.62M on Oct 20.