PAPER Mirror

Thesis

Mirrors one Papertrade wallet's net BTC and ETH direction and ignores its hedged farming; this build only logs what it would do.

Strategy

• Follow: On each leader change, nets its longs and shorts per market and mirrors the sign with $1,000 at 10x when the net is at least $250,000 and 30% of gross. • Exit: Closes when the leader's net falls under the threshold or flips, closes on its own when a trade is 9% against it, and stops for good at a $1,500 net loss. • Alert-only: Every open and close is a log line saying what it would have done; no order is sent in this build.

Exposure

• Holds: Nothing yet — This alert-only build opens nothing; when armed it would hold up to one BTC and one ETH position of $1,000 margin each on Papertrade. • Venue: Papertrade — Watches the leader's Papertrade positions and would trade on the Papertrade account of the wallet you start it on; fund your Papertrade balance first. • Leverage: 10x when armed — Each $1,000 of margin would control $10,000 of BTC or ETH; this build sends nothing. • Costs: Haircut and winner fee — Winning closes would pay a move-dependent haircut and a 2% fee. • Data: Circuit — The leader's Papertrade positions arrive through Circuit's position trigger and prices are Hyperliquid midpoints. • On unwind: USDC and staked PAPER — Closed positions return settled or queued USDC; PAPER minted by losing closes is staked and never withdrawn.