PAPER AGGRO

Thesis

Earn PAPER from losing legs of 125x ETH pairs, then stake the PAPER and reinvest its USDC rewards.

Strategy

• Pairs: Use all available USDC for balanced 125x ETH pairs, largest first: up to $80,000 margin and $10M exposure per leg, then a smaller pair. • Exit: Check every five seconds; close pairs at a 0.2% adverse move, 25% of the distance to liquidation, or when the sides become unbalanced. • Budget and rewards: Default to a 100% realised-loss budget, stake earned PAPER from 1,000 tokens, and claim rewards back into trading funds.

Exposure

• Holds: ETH pair and PAPER — Opposite ETH positions use USDC margin; earned PAPER is staked. • Venue: Papertrade — Trades from the session's allocated Papertrade USDC. • Leverage: 125x per leg — Each ETH position has 125 times its margin in exposure. • Costs: Haircut and winner fee — Winning closes pay a move-dependent haircut and a 2% fee. • Data: Circuit — ETH prices refresh about every fifteen seconds; account reads supply positions and rewards. • On unwind: USDC and staked PAPER — Closing returns available USDC; stopping leaves positions and staked PAPER in place.