BTC Paper Farm V2

Thesis

Farm PAPER with opposing BTC trades, selecting leverage and exit distance to target $7.50 modeled cost per 1,000 PAPER.

Strategy

• Entries: No new pairs; manage existing positions until their normal exit, then end trading and reward actions. • Exits and cost: Close both at the modeled move, 50% margin loss or 2h; hourly flat cost above $8/1,000 after 3,000 PAPER pauses entries for 2h. • Rewards: Check every 5min, stake at 1,000 PAPER and claim every 30min; exclude claimed USDC from trading and cap margin at initial capital.

Exposure

• Holds: BTC pair and PAPER — Equal-margin BTC long and short positions earn PAPER from settled trades. • Venue: Papertrade — Minimum 140 USDC covers two $3,500 positions at the lowest selectable leverage of 50x. • Leverage: 50x to 175x — Select the first qualifying leverage from 175x, 100x and 50x using the measured PAPER mint rate. • Costs: Haircuts and fees — Measure settlement losses less attributable claimed rewards against earned PAPER. • Data: Circuit — BTC candles, prices, account balances, settlements and open-interest capacity determine trades. • On unwind: USDC and PAPER — Closed positions return USDC; earned and staked PAPER remain in the account.