PAPER Launch Farmer

Thesis

Realize losses from paired BTC trading cycles to pursue PAPER farming rewards rather than prioritize trading profits.

Strategy

• Entry: Open a BTC long and short with $500 margin each at 70×, keeping additional allocated USDC for later cycles. • Exit: Close surviving legs on the next one-minute check, attempt failed closes on later runs, and include liquidated margin in cycle losses. • Repeat: Open another pair on the following run; below $1,000 available, split it equally, subject to the $10,000 minimum exposure per position.

Exposure

• Holds: BTC positions and USDC — Equal long and short exposure starts at $35,000 per side, with remaining USDC funding later cycles. • Venue: Papertrade — Starts with at least 1,000 USDC allocated on Papertrade; trading intake must be open. • Leverage: 70× — Each $500 margin position opens $35,000 of BTC exposure. • Costs: Profit fee and haircut — Winning closes pay a 2% fee and a move-dependent haircut. • Data: Circuit — Reads BTC prices and Papertrade positions; the trading interface does not report PAPER rewards. • On unwind: USDC on Papertrade — Closing surviving positions returns their remaining value in USDC.