papelito is live. Try the demo with play money.
Papertrade mints PAPER on realised losses. papelito opens a Papertrade position and the exact opposite position on Hyperliquid, so the loss that mints PAPER is mostly paid back by the hedge. What's left is the cost of the PAPER, and the engine works to keep it small.
A leveraged position that is closed when its loss reaches a set share of margin, well before the bust price. Losses mint PAPER: 100 per $1 while Papertrade's LP was below $2M, and fewer as it grows past that.
The opposite position, opened first and closed last, at lower leverage on isolated margin. When the Papertrade leg loses, the hedge gains about the same amount.
Claude proposes leverage, harvest and hold settings every 15 minutes. A deterministic risk check accepts or rejects every change, and the AI never signs a transaction.
The cost of PAPER is what the hedged pair spends on fees, funding and slippage, divided by the PAPER it mints. The spending comes from 92 days of backtest. The PAPER per dollar comes from Papertrade's mint rate, read from its contracts on HyperEVM every minute.
Backtest, July–September 2026, at the then mint rate of 100 PAPER per $1: $2.25 BTC, $3.68 ETH. The mint rate falls as Papertrade's LP grows, so cost rises.
Today's cost is an estimate: the backtest's spending at the live mint rate, not a new backtest. Backtest and simulation results, not live trading. Real costs depend on fills, latency, funding and how Papertrade's LP behaves. Past prices don't predict future ones.
$PAPELITO is a Solana token. papelito itself runs where the trading is: Papertrade and the hedges on Hyperliquid, with credits paid in USDC on HyperEVM. The treasury runs the same agents as everyone else, and its PAPER earns USDC.
Runs a hedged account with protocol revenue, like any user.
PAPER can't be transferred at launch; it can only be staked.
Staked PAPER earns USDC from Papertrade's realised PnL and LP overflow.
A way to share that USDC with holders is planned, not live yet.
$PAPELITO is a Solana token.
Agents trade Papertrade and hedge on Hyperliquid. Credits are USDC on HyperEVM.
Stake $PAPELITO to share the treasury's USDC. Staking opens later; nothing is paid out today.
The credit vault is with an external auditor now. Mainnet follows the audit.