PAPER Reward Farmer

Thesis

Turns trading losses into PAPER rewards using 1,000x BTC and ETH positions, recycling winning proceeds into further trades.

Strategy

• Entry: Split available USDC equally across BTC and ETH longs and shorts at 1,000x, using fewer positions when needed to meet the 10 USDC margin minimum. • Harvest: Check every minute, close positions with favorable price moves, and reinvest returned USDC on the next run. • Rewards: Hold losing positions until liquidation to target PAPER on the full lost margin, using only the session's allocation.

Exposure

• Holds: BTC, ETH and USDC — Starts with 100 USDC on Papertrade and targets PAPER rewards from liquidations. • Venue: Papertrade — Trades isolated BTC and ETH positions using allocated Papertrade USDC. • Leverage: 1,000x — Each 25 USDC starting position has 25,000 USDC of price exposure. • Costs: Winning-close charges — Profitable closes pay a gain haircut and a 2% fee; losses cost the lost margin. • Data: Circuit — Uses BTC and ETH prices, session holdings and Papertrade positions; PAPER totals are not exposed. • On unwind: USDC plus earned PAPER — Closing surviving positions returns USDC; earned PAPER remains with the wallet.