Papertrade, a decentralized finance (DeFi) protocol, is facing allegations of oracle manipulation. A wallet associated with the protocol's house pool has accumulated $3.14 million in losses. The cited wallet also showed $1.73 million in realized trading gains on PaperDash, a decentralized trading platform.
Source
"Papertrade Faces Oracle-Manipulation Allegation" — The Defiant
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Defiant. Read the full original report at the link above.
The house pool's loss-funded model pays out winners with cash, but unpaid profits are queued if funds are depleted.
