> For the complete documentation index, see [llms.txt](https://docs.paperstrategy.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paperstrategy.xyz/why.md). # Why this mechanism PAPER cannot be bought. PaperStrategy is a way to own a growing share of it through a token that trades. ## PAPER is earned, not bought Papertrade's PAPER is minted only from trading losses. There is no pool to buy it from and no way to deposit into the LP. The only path to PAPER is to lose money on Papertrade, deliberately or not. Staked PAPER earns a share of the protocol's revenue in USDC. That makes it an income-producing asset that most people will never hold, because acquiring it takes capital, time and a method. ## A treasury that does it for the token PaperStrategy turns that into something tradeable: * **Capital** comes from the trade tax. Every trade of PSTR, in either direction, feeds the treasury. * **Method** is the strategy that runs the Papertrade accounts: it loses USDC in a controlled way to acquire PAPER at the lowest cost it can, and stakes everything. * **Return** goes to the token, not to the treasury: the yield buys PSTR on the market and burns it. There is nothing to claim and nothing to lock. Holding PSTR is holding a token whose supply shrinks as the treasury's PAPER earns. ## What it is not PSTR is not a share of the treasury and gives no claim on its PAPER or its yield. The only link between the two is the buyback. The treasury is not a vault you can deposit into. And the team holds no PSTR: it is paid in HYPE, from the tax and from the yield. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.paperstrategy.xyz/why.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.