PAPERLIQUID / VAULT × TUNNEL

Two engines.
One shared direction.

Trading demand meets strategy flow.
A proposed cycle of shared execution, a main Vault
and participation in protocol value.

Follow the loop

Two connected paths: the main Vault contributes strategy flow, while Tunnel brings compatible trading demand together. Conceptual illustration. — CONCEPTUAL FLOW IN DEVELOPMENT

THE DOUBLE FLYWHEEL

Participation feeds flow.
Flow supports participation.

01Trading demandUsers + Vault strategy flow
02Shared executionCompatible demand, aggregated
03PAPER accumulationReceived rewards, converted
04Protocol supportOperations + Tunnel liquidity

Intended to support the next cycle of participation.

01 / EXECUTIONPROPOSED

Tunnel.

A shared route
for compatible trades.

Tunnel is designed to combine compatible user trading demand with the Vault’s natural strategy flow into a larger external order. The aim is better execution priority. That improvement has yet to be verified.

THE ECONOMIC EXCHANGE

No additional Tunnel service fee is proposed.

Net trading profits would remain allocated to users. PAPER rewards actually received from aggregated trading losses would be converted into PaperRoll under rules still to be agreed, with the received PAPER contributing to the main Vault.

Participation includes this PAPER-to-PaperRoll reward conversion. Its terms and value remain to be defined.

02 / ACCUMULATIONPROPOSED

The main
Vault.

PaperLiquid’s centre
of accumulation.

The proposed PaperLiquid main Vault accumulates PAPER from that reward conversion. Any income actually available from that PAPER would be put to work in two directions.

Protocol operations

Support the continued operation of PaperLiquid.

Tunnel liquidity

Reinforce liquidity support for future trading demand.

Income availability and allocation rules remain under research. There is no guaranteed income or liquidity support.

03 / PROTOCOL VALUEWORKING NAME

PaperRoll.

Participation in the
protocol’s development.

PaperRoll is the provisional name for PaperLiquid’s own token. Its intended role is to capture protocol revenue through a mechanism still to be designed.

The proposed model converts eligible PAPER rewards into PaperRoll. No fixed conversion rate, equal-value exchange or redemption right is established. Token rights, issuance and distribution rules remain to be defined.

PAPEREligible PAPER rewardsPaperRollProposed PaperLiquid token

CURRENT STATE

A development preview.

Order submission, custody, token issuance and reward distribution are not available. Execution improvements, conversion terms and PaperRoll rights still need validation.

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