Paper Mill Mini

Thesis

Earns PAPER on Papertrade by trading volume with hedged ETH long and short pairs that barely bet on direction, then stakes the PAPER.

Strategy

• Open a pair: When no pair is open, it opens an ETH long and short together at 75x, each with half the money. • Close before liquidation: Once ETH moves 0.9% from entry it closes both, losing side first, and opens a fresh pair next minute. • Stake PAPER: After closing, it stakes the PAPER it earned once that reaches Papertrade's staking minimum.

Exposure

• Holds: ETH pair and PAPER — One ETH long and one ETH short at a time, plus the PAPER earned and staked. • Venue: Papertrade — Your USDC sits in your Papertrade account; fund it with at least $26.67. • Leverage: 75x per side — Each side controls 75 times its money, so a 1.3% move against it would wipe that side. • Costs: Win fee and impact — Papertrade keeps 2% of each winning side's profit and charges a small price impact. • Data: Circuit — ETH prices come from Circuit. • On unwind: USDC — Close any open pair on Papertrade yourself; you get USDC back.