MATT PAPER FARM

Thesis

Earn PAPER on Papertrade with one hedged 100x BTC long/short pair at a time, closing at a 0.3% move, inside a fixed USDC loss budget.

Strategy

• Pair: Opens a BTC long and short at 100x, each with the fixed margin you set (default 100 USDC), only when flat and every safety check passes. • Exit: Closes both legs once BTC moves 0.3% against either, loser first; a leg near liquidation, unhedged or unwatched closes at once. • Budget: Opens a pair only if losses so far plus both full margins fit the loss budget, default 600 USDC; minted PAPER is staked every 30 minutes once it reaches 1,000.

Exposure

• Holds: BTC pair on Papertrade — Two opposite BTC positions with USDC margin, one pair at a time; PAPER staked only in trade_and_stake mode. • Venue: Papertrade — Uses the Papertrade USDC in the wallet you start on; Stop alone leaves legs open, so set mode to hard_kill first. • Leverage: 100x per leg — Liquidation sits about 1% from entry; a sudden jump before a close settles can still liquidate a leg. • Costs: Win fee and haircut — Winning closes pay Papertrade's fee and price haircut; losing legs pay their loss. • Data: Circuit and Hyperliquid — api.hyperliquid.xyz streams BTC best prices for fast exits; Papertrade limits come from Circuit. • On unwind: USDC on Papertrade — After hard_kill closes the legs, USDC stays in your Papertrade balance; queued winnings pay out later. A close with an unknown outcome is never resent, even in hard_kill: check and close that leg on Papertrade yourself.