Papertrade Neutral Farm

Thesis

Opens equal long and short BTC on Papertrade so price moves cancel out, farming PAPER from each closed position and staking it.

Strategy

• Paired entry: Opens a BTC long and short together, each half the balance, with leverage just high enough to reach 10,000 USDC per side. • Recycle: When one side is wiped out or closed, it closes the other side and opens a fresh pair on the next check. • Stake PAPER: Once 1,000 or more earned PAPER builds up, it stakes it all.

Exposure

• Holds: USDC margin — Two opposite BTC positions on Papertrade, plus earned PAPER that gets staked. • Venue: Papertrade — Your USDC sits in your Papertrade account. • Leverage: Up to 1000x — Just enough so each side reaches 10,000 USDC; a 0.1% move wipes out one side. • Costs: Fees on wins — The winning side pays a 2% fee and a haircut that depends on the move; losing sides pay nothing extra. • Data: Circuit — Circuit data only. • On unwind: USDC and PAPER — Closing returns USDC to your Papertrade balance; staked PAPER stays staked until you unstake it.