Lookonchain
Trader 0x26b6 lost $1.71 million trading synthetic perpetuals on Papertrade and earned 136 million PAPER tokens. Staking generated another $1.07 million in USDC rewards, of which $943,000 has been claimed and $130,000 remains unclaimed.
The combined trading and staking activity still left the trader with a reported net loss of $637,000. The result highlights how rewards and token incentives can fail to offset losses from leveraged derivatives trading.
Source: [Papertrade](https://exchange.papertrade.xyz/portfolio?view=0x26b61e7ec6ccd97df9836e3358c8c92d4fa79a13&range=all&tab=history)
Frequently asked questions
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How much did trader 0x26b6 lose on Papertrade?
The trader's reported net loss was $637,000 after trading synthetic perpetuals on Papertrade.
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What caused most of the trader's loss?
Trading losses reached $1.71 million, which outweighed the reported staking rewards and token earnings.
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How many PAPER tokens did 0x26b6 earn?
The trader earned 136 million PAPER tokens through activity on Papertrade.
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How much USDC did the trader earn from staking?
The trader earned $1.07 million in USDC staking rewards. About $943,000 was claimed and $130,000 remained unclaimed.
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Did the staking rewards offset the trading losses?
No. Despite the token earnings and USDC staking rewards, the account ended with a reported net loss of $637,000.
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