Papertrade Keeps PAPER Transfers Locked Over Perpetuals Attack Concerns
Edited by Steinar Vigdel Kolnes, Editor, Oslo
PAPER holders can stake tokens earned through trading losses for USDC distributions, but Papertrade has not set a date for transfers or sales.
Papertrade is keeping its PAPER token non-transferable, citing concerns about attacks involving perpetual futures, according to The Defiant.
Users who received PAPER through trading losses can stake their tokens to receive USDC distributions. That option remains available despite the transfer restrictions.
There is still no announced date for holders to move or sell PAPER. For now, staking access does not extend to the ability to trade the token.
Source: The Defiant
