TheDefiant reported that Papertrade traders recorded $18.2 million in net trading losses, while reported staking rewards reached $12.6 million. Based on the figures cited in the report, those rewards amount to roughly 69% of the net losses.
The report also draws a clear distinction between the two pools of value. The staking payouts are distributed to PAPER stakers, not paid back to each trader who lost money on the platform. In other words, the rewards do not function as direct reimbursement tied to individual trading losses.
The figures highlight a gap between aggregate trader losses and rewards paid through staking, even though the two amounts are often compared side by side. According to TheDefiant, the $12.6 million in rewards is a redistribution to PAPER stakers rather than a compensation mechanism for losing traders.
Papertrade traders posted $18.2 million in net trading losses, while reported staking rewards reached $12.6 million, according to TheDefiant.
Rewards equal about 69% of net losses
Using the figures cited in the report, staking rewards were equal to about 69% of net trading losses.
Payouts go to PAPER stakers
TheDefiant said the rewards redistribute money to PAPER stakers rather than reimburse each losing trader individually.
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