0x2a8017dc69dbb29f6cfe1bb031df02bb8bf1d5c9 built by @embercurve
Joined September 2026
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The $REKT roadmap.
Read this one, because the easy part is almost over.
Today, Oct 23, a dollar lost on rektrade.fun mints 14.3 $REKT.
On Nov 15 it mints 1. Then 1, forever, until all 21,000,000 are minted.
Numbers, dates and the hard math below 🧵
Every position on rektrade now opens at 1000x. Nothing less.
BTC, ETH, SOL, ZEC, NEAR, XMR: one leverage, no slider. A 0.05% move against you busts it. Every loss still mints $REKT.
Minted so far: 1,168,036
5.56% of the 21M cap, 19,831,964 still to mint.
rektrade.fun
Only Papertrade can be fork of $REKT sorry.
현재 Papertrade Fork & Ecosystem 을 살펴보면
Solana
- Yolo (@jupiter_trade): Jupiter 가 만든것, 거래량 $10B 돌파
- Cardboard (@cardboard_trade): 거의 초기 Fast Follower 인듯
- TradeEverything (@TradeEverythin_): CoinFLEX 창업자 Mark Lamb (@MarkDavidLamb) 이 만들고, 주식 500x 거래. 토큰 20% 를 $PAPER 홀더에게 준다 함
- SoltoshiDice (@SoltoshiDice): pumpfun 토큰마다 자기 퍼프 덱스 띄우는 방식
- 그외 Fermi Trade (@FermiTrade), bucketshop, Hyperlev (@hyperlevfun), ohtrade (@ohtrade_xyz), Musebook, Motion Markets (@motionmkts), ZeroStake (@ZeroStake_sol), Virtual Trade (@VirtualTradeApp)
HyperEVM
- Rektrade (@rektradefun): 토큰 전송 가능, 10/22 오픈
- 그외 99x (@99XTrade) (AI MCP), Confetti (@confetti_trade) (밈코), Papurrtrade (@Papurrtrade) (HYPE 500x), ZeroImpact, Zigher
Robinhood Chain
- STOX perps (@STOXPREPS) (주식 1000x), Kiltr Perps (@KiltrProtocol), Kryptons (@Kryptonsfun), 33Trade (@33trade_xyz) (no team fee, API)
기타체인
- BluffTrade (@blufftrade) (BNB, USDT 1000x), Parchment (@tradeparchment) (SUI), LightPool (@lightpool_labs)
Papertrade 생태계
- 트레이딩 앱/봇: Bankr (@bankrbot), Robobet (@robobet_fun), Voltrade Paper Cuts (@Voltrade_xyz), Weft (@weftfinance), Bloxwap (@bloxwap), OrderX (@orderx), Tilt (@tilt_trading), Kairo (@kairoExchange), Manic Trade (@ManicTrade)
- 토큰/트레저리: Paperstrategy (@paperstrategy_) $PSTR, PaperDAO (@paperdao_xyz) robinhood:0xbc2283d12b1f2f46c1613ae672e95c55b69ca414, Bub (@bub__fun), Etherner (@Ethernerdotxyz), Yolopad (@Yolopadxyz), FOLD (@foldstrategy_) (Cardboard버전)
- 프론트엔드/대시보드: Paperbird (@paperbird_lol), Paperdash (@paperdash_xyz), Papertrade Desk (@papertradedesk), paperterm (@paperterm_io), Papertrade Terminal, Papertrade Arcade, paper101 (@camelyello88), papergames (@papergames_xyz), papertax (@papertaxdev), Imperial (@ImperialPerps), Ink on Paper (@inkonpaperxyz)
파구의 변
왜이렇게 솔라나에만 많은지는 모르겠음
그런데 하나 확실한건, HyperEVM 의 경우 Gas Limit 이 3M 이라 Papertrade 하나만으로도 극심한 Cue 를 유발했었는데, 물론 지금은 거래가 많진 않아서 몰리진 않지만, DeFi 돌리기에는 매우 좋지 않은 환경이라서, 포크 프로젝트들이 잘된다 해도 한계가 있다 봄
물론 그 Cue 가 Papertrade 의 성공에 한몫 했다는 견해도 있긴 함
아무튼 Papertrade 조차 HyperEVM 의 단점을 개선한 Kinetiq 의 Elysium 의 러브콜에 매우 긍정적으로 응답한 바도 있음
초반에는 옮길것 같긴 했는데, 지금의 거래빈도로 보면 그럴 필요가 있나 싶긴 함...
지금 느낌은 'Goose fork 전성시대' 를 보는게 아닌가 싶기도 함
물론 20일 발표로 짜게 식어서 그때보단 덜하고 짧았긴 한데, 그래도 Papertrade 가 DeFi 씬에 또 한번 활기를 줬었던것 같고 파구 개인적으로는 이런 새로운 뷰의 DeFi 가 자주 나와서 활기를 북돋아 줬으면 좋겠음
이런 Fork 들 중에서도 Best Follower 가 나온다면 양빵으로 접근해 볼만 할것 같기도 함
다만 뭔가 진짜 새로운 하나의 Edge 는 있어야 할듯
초기부터 API 나 MCP 가 지원 된다거나, 수익관점에서 좀 더 스테이커 친화적이라면?!
다만 스테이커 친화적이면 트레이더에겐 안좋을수도 있어서 잘 몰?루
* 모든 링크를 다 확인한건 아니니 스캠이나 사칭 유의하시길
How $REKT is born: you lose on a perp, the loss mints $REKT to your wallet at that day's rate.
That is the only mint. No premine, no admin mint, no team allocation.
The minter is the venue and only losses call it.
The rate is a schedule in the contract: 0.6 less every day, floor 1.
The clock started once and never resets.
The next 24 days, $REKT per $1 lost:
Oct 23 (today) · 14.3
Oct 27 · 11.9
Oct 30 · 10.1
Nov 2 · 8.3
Nov 5 · 6.5
Nov 9 · 4.1
Nov 11 · 2.9
Nov 15 · 1.0 → and 1.0 every day after
Stake 500+ $REKT and you mint on top: ×1.2 from Oct 24, climbing to ×2 from Nov 11. A staker mints 2 per dollar at the floor, forever.
Flip the number around and you see why this is a window.
Today 1 $REKT costs $0.07 of losses. On Nov 2 it costs $0.12. On Nov 11, $0.34. From Nov 15, a full $1.00.
Minting gets 15× harder in 24 days. Bitcoin needs four halvings, 16 years, for the same 16×.
Meanwhile supply shrinks from the other end.
Every 15 minutes the treasury claims the house's fees, buys $REKT on the pair with half, and burns it, together with the $REKT the trade tax collects. $1,663 bought back so far. 108,491 $REKT burned by the treasury alone.
Burned $REKT still counts against the 21M cap. The final circulating supply ends well under it.
The trade tax: 4% today on every buy and sell on the pair, paid in $REKT. 90% of it is burned by the treasury, 10% feeds the jackpot pot.
It steps down to 3% on day 25, Nov 15, the day the mint reaches its floor, and stays there.
Less friction once minting is a dollar a coin; the burn keeps running.
Where we stand, Oct 23:
Minted 1,058,794 · 5.04% of the cap
Burned 164,433 · 15.53% of everything minted,
at 0x…dEaD forever
Circulating 894,361
rektrade retweeted
As promised: Ember has switched to Rektrade.
The Furnace is retired.
Perps on Ember are now @rektradefun built by Ember, on solana:5dvXTZ5qwgafnHtwu3Ls3QrWx1U4LQsFeCuJgkk4QEC6 and live inside the launchpad at embercurve.fun/rekt.
One venue, two doors.
A trade on embercurve.fun and a trade on rektrade.fun land on the same contracts on HyperEVM, run by the same keeper.
Nothing mirrored, nothing that can drift. Same $REKT everywhere.
What you get: BTC, ETH, SOL, XMR, ZEC and NEAR at up to 1000x against the house. No order book, no spread, no funding. Lose a dollar, mint $REKT. Every 15 minutes the house's fees buy $REKT back and burn it. Jackpot on every buy.
Every number on /stats.
And this is the part we're most excited about: Ember's modules now plug straight into the venue. REKT mode a coin whose fees trade on Rektrade for its holders is the first. More modules follow on the same rail.
rektrade.fun is still home.
Ember is the second door.
solana:5dvXTZ5qwgafnHtwu3Ls3QrWx1U4LQsFeCuJgkk4QEC6 🔥 $REKT
Rektrade is live on HyperEVM.
Perps up to 1000x against the house. BTC, ETH, SOL, ZEC, NEAR, XMR. USDC in, HYPE for gas. No order book, no spread, no funding.
Every dollar you lose mints $REKT to your wallet. That’s the whole token.
rektrade.fun
0x2a8017DC69dBB29F6cfe1BB031dF02BB8Bf1D5C9
A small hotfix addressing slippage on the keeper wallet for JackpotHooks is currently running and may take up to 3 minutes.
The update will then be applied to rektrade.fun.
$129,854,862 notional has been traded so far.
Of that volume, $57,696 has been lost to the house.
1,048,195 / 21,000,000 $REKT tokens have been minted.
House cash currently stands at $5,019.
Taxes have been reduced to 4% for the next 24 hours. The current $REKT mint rate is 14 REKT per $1 lost.
rektrade.fun
Current TradeTaxHook rates have been reduced to
5.5% and 5%
(from the previous 7.7% and 7.7%).
Notional volume traded stands at $121,047,275.
Perpetual traders have minted a supply of 951,536 tokens.
This represents 4.53% of the 21,000,000 total supply.
Of all tokens minted so far, 8.03% have been burned.
Regarding the current tax reduction schedule, which is automated by the keeper:
the tax is currently at 7.7%.
Every time the rate reaches 50% of the previous level, the tax is reduced by 25%. This process will continue until it reaches a maximum floor of 3%.
$REKT is a hook token that is easy to modify and can be used for anything built onchain.
This provides major advantages over tokens like PAPER, which cannot be traded (or, even if PAPER becomes tradable today, still cannot support hooks because it was not built with them).
Taxes on $REKT will continue to decrease over time and will stop at 3%.
rektrade retweeted
It started with nothing; it is made of losses.
$27K notional volume
$10K from me + $2K for liquidity lock
$1K to house funds
Right now
Notional Volume: $108,978,267
House net :$14,027
every 15 min: 50% of the house's fees buy REKT and burn it, with the tax's share
Revenue, all time: $17,971
rektrade.fun
0x2a8017dc69dbb29f6cfe1bb031df02bb8bf1d5c9
I explained on @gmgnai call-out why I deployed $REKT
