PAPER MILL

Thesis

Earn PAPER from losing BTC positions while an equal opposite BTC position earns trading profits.

Strategy

• Pair: Split available allocated USDC equally into BTC long and short legs at 1,000x; wait 60 seconds after closing before reopening with at least 20 USDC. • Exit: Check every 15 seconds; close both at a 0.3% adverse move or within 0.075% of entry price from liquidation, and close a lone leg. • Budget and staking: At the default 25% loss budget, stop new pairs and check PAPER once; stake all available session-earned PAPER if above 1,000.

Exposure

• Holds: BTC pairs and PAPER — Holds opposite BTC positions with USDC margin; stakes available session-earned PAPER above 1,000 only after reaching the loss budget. • Venue: Papertrade — Starts with at least 20 USDC allocated from the selected wallet's Papertrade balance. • Leverage: 1,000x per leg — Each 10 USDC of margin controls 10,000 USDC of BTC exposure. • Costs: Payout cuts and fees — Winning closes pay Papertrade's payout adjustment and 2% fee. • Data: Circuit — Reads BTC prices, session operations and Papertrade balances and positions. • On unwind: USDC and PAPER — Closing settles into Papertrade USDC; stopping leaves positions open, and manual close closes the session's legs.