PAPER Farmer

Thesis

Trades BTC on Papertrade every hour so each closed position earns PAPER, betting BTC keeps moving the way it moved in the last hour.

Strategy

• Hourly flip: Each hour it closes its BTC position and opens a new one long if BTC rose over the last hour, short if it fell. • Sizing: Uses the whole Papertrade balance as margin at 10x, raising leverage when needed to reach the $1,000 minimum position.

Exposure

• Holds: One BTC position — Your whole Papertrade USDC balance is margin for a single BTC long or short. • Venue: Papertrade — Funds stay in your Papertrade account; deposit USDC there before starting. • Leverage: 10x by default — Raised when needed to reach the $1,000 minimum position; a large move against it can wipe out the margin. • Costs: Fees on wins — Papertrade takes a share of winning trades and a small price cost on each open and close. • Data: Circuit — Reads BTC hourly prices and Papertrade market rules through Circuit. • On unwind: USDC on Papertrade — Closing the open BTC position returns its margin plus or minus profit in USDC.