BTC 100x Equal Pair Paper Farmer

Thesis

Earn PAPER and USDC staking rewards by repeatedly opening and closing equal-margin 100x BTC long and short positions.

Strategy

• Equal BTC pair: Open both 100x legs concurrently with 45% of available allocated USDC each, keeping 10% in cash and closing unequal fills. • Five-second checks: Close both at a 0.3% move, 15 minutes, within 0.1% of liquidation, or any mismatch, then start a fresh pair. • Earn and stake: Stake earned PAPER once 1,000 is available and claim USDC rewards hourly after managing the BTC positions.

Exposure

• Holds: BTC pairs, USDC, PAPER — Equal 100x BTC long and short positions earn PAPER that goes into staking. • Venue: Papertrade — Allocated USDC and BTC positions stay on Papertrade. • Leverage: 100x per leg — Each leg uses 45% of available allocated USDC as margin for 100 times that exposure. • Costs: Winning-close fees — Winning closes pay a move-based haircut and a 2% fee; opening has no fee. • Data: Circuit — BTC prices, Papertrade positions, staking balances and rewards drive decisions. • On unwind: USDC and staked PAPER — Closing BTC releases USDC; PAPER stays staked until separately unstaked.