PAPER Pair Farmer

Thesis

Opens matched BTC and ETH long and short bets on Papertrade so one side always wins, earning PAPER that it stakes for USDC rewards.

Strategy

• Open pairs: For BTC and ETH without a pair, it opens a long and a short on an equal share of free balance with just enough leverage for 10,000 USDC per side. • Close a pair: When that coin moves 0.25% from entry (adjustable), it closes that pair, losing side first, booking PAPER earned by the winner. • Stake PAPER: Once the wallet holds Papertrade's minimum stake in unstaked PAPER, it stakes all of it.

Exposure

• Holds: BTC and ETH pairs — An equal long and short on BTC and on ETH on Papertrade, plus any PAPER it has staked. • Venue: Papertrade — Funds sit in your Papertrade USDC balance; move USDC from HyperCore into Papertrade before starting. • Leverage: About 100x at $400 — Each of four sides uses a quarter of the balance with just enough leverage for 10,000 USDC per side. • Costs: 2% fee on wins — Winning closes also lose a haircut that depends on the price move; losing closes pay nothing extra. • Data: Circuit — Uses Circuit's BTC and ETH prices to decide when to close and which side to close first. • On unwind: USDC on Papertrade — Closing all sides returns USDC to your Papertrade balance; staked PAPER stays staked until you unstake it.