Docs
Trade
Tick is a line. 1m and above are candlesticks. The wheel zooms time; a sideways gesture pans. LIVE returns to the latest price.
Margin and execution
papercut is a synthetic exchange between traders and an LP, adapted for BSC. The connected deployment holds balances and settles trades on-chain. Local and test deployments use test collateral. Market display prices do not replace the settlement oracle. BNB pays for BSC transactions; mined and finalized are separate states. Check the displayed network and token addresses before depositing.
Wins, losses and the payout queue
No funding, spread or notional fee. Profits pass through a 0.2 bps deadband, the asymmetric impact curve and a 2% win fee. Losses cost at most the isolated margin. A hard bust forfeits the entire margin. Only a full close is supported. Cash principal returns immediately; unpaid profit enters a FIFO queue. Queued claims can fund new positions but cannot be withdrawn until paid.
papercut and staking
Eligible losses initially mint 100 reward tokens per dollar. Above $2M tracked LP, a permanent tail ratchet reduces the rate. Half of funded settlement fees accrues to stakers and half to the developer reserve. Fees never bypass queued payouts. Staking earns future distributions; rewards already earned survive unstaking. LP overflow above $5M is distributed after queue obligations. The staking page displays the configured token and contract addresses.