PaperDAO is a community treasury that pools ETH so people can trade Papertrade together from the first block, instead of depositing alone.
Papertrade is a fair-launch synthetic perps venue on Hyperliquid. The LP starts at $0, there is no pre-mint, and $PAPER is minted from realized losses and liquidations, not from a team allocation. PaperDAO raises ETH on Robinhood Chain, moves the treasury to HyperEVM, and plans to trade from Papertrade’s first block.