Papertrade Reports $18.2M in Trading Losses, $12.6M in Staking Rewards
Papertrade staking rewards amounted to roughly 69% of net trading losses, but the payouts went to PAPER stakers rather than compensating individual losing traders.
Papertrade traders recorded $18.2 million in net losses, while reported staking rewards totaled $12.6 million, according to The Defiant.
The rewards were equivalent to about 69% of the net trading losses. That comparison describes the relative size of the two totals, not how much individual traders recovered.
The payouts redistribute money to PAPER stakers rather than reimburse each trader who lost funds. Staking rewards therefore should not be treated as direct compensation for trading losses.
Source: The Defiant
