Laz Paper

Thesis

Working towards automation

Strategy

• Range entries: Use 20 completed 1-minute BTC candles; buy in the bottom 10% of the range or sell short in the top 10% at 300x. • Price exits: Close longs after BTC rises 0.15% from entry and shorts after it falls 0.15%; then seek the next range-edge entry. • Size and stake: Use available allocated USDC for one position; stake earned PAPER and claim rewards every 30 minutes.

Exposure

• Holds: BTC and PAPER — One directional BTC position with USDC margin, plus earned PAPER. • Venue: Papertrade — Positions and margin sit on Papertrade. • Leverage: 300x — Each USDC of margin controls 300 USDC of BTC exposure. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — BTC 1-minute candles define the range and BTC prices trigger entries and exits. • On unwind: USDC and PAPER — Closing returns USDC; earned and staked PAPER remain in the account.