{ "version": "1.0.0-research-disabled", "recommended": { "executionEnabled": 0, "marketId": 1, "mode": 0, "signalMode": 0, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 1, "maxHoldHours": 12, "stopAtr": 1, "targetAtr": 2, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "bounds": { "executionEnabled": { "min": 0, "max": 0 }, "marketId": { "min": 0, "max": 1 }, "mode": { "min": 0, "max": 3 }, "signalMode": { "min": 0, "max": 2 }, "longLeverage": { "min": 1, "max": 20 }, "shortLeverage": { "min": 1, "max": 20 }, "pairMarginFraction": { "min": 0, "max": 0.01 }, "directionalMarginFraction": { "min": 0, "max": 0.005 }, "maxConcurrentGroups": { "min": 1, "max": 1 }, "maxOpenMarginFraction": { "min": 0, "max": 0.02 }, "maxNotionalEquityMultiple": { "min": 0, "max": 0.4 }, "maxNetNotionalEquityMultiple": { "min": 0, "max": 0.1 }, "maxTradesPerDay": { "min": 0, "max": 2 }, "dailyLossLimitFraction": { "min": 0.001, "max": 0.02 }, "weeklyLossLimitFraction": { "min": 0.005, "max": 0.05 }, "drawdownKillFraction": { "min": 0.01, "max": 0.08 }, "minFreeCashFraction": { "min": 0.95, "max": 1 }, "bias": { "min": -100, "max": 100 }, "neutralBiasThreshold": { "min": 10, "max": 30 }, "directionalBiasThreshold": { "min": 60, "max": 90 }, "maxTiltFraction": { "min": 0, "max": 0.25 }, "entryHourUtc": { "min": 0, "max": 23 }, "maxHoldHours": { "min": 1, "max": 24 }, "stopAtr": { "min": 0, "max": 2 }, "targetAtr": { "min": 0, "max": 4 }, "minBustStopRatio": { "min": 2, "max": 8 }, "atrHours": { "min": 24, "max": 72 }, "minAtrFraction": { "min": 0.0005, "max": 0.003 }, "maxAtrFraction": { "min": 0.005, "max": 0.03 }, "maxEntryDriftBps": { "min": 0, "max": 2 }, "maxPairLegDelaySeconds": { "min": 1, "max": 5 }, "maxDataAgeSeconds": { "min": 10, "max": 300 }, "oracleMaxAgeSeconds": { "min": 300, "max": 7200 }, "reviewIntervalHours": { "min": 6, "max": 24 }, "guardIntervalSeconds": { "min": 1, "max": 10 }, "maxQueueUsd": { "min": 0, "max": 0 }, "minQueueEmptyMinutes": { "min": 15, "max": 1440 }, "minRewardRate7dPerPaperDay": { "min": 0, "max": 0.0002 }, "maxSupplyLogGrowthDaily": { "min": 0.001, "max": 0.01 }, "maxStakingShare": { "min": 1e-05, "max": 0.001 }, "maxOwnNotionalOiFraction": { "min": 0.0001, "max": 0.01 }, "maxOiHeadroomUseFraction": { "min": 0.001, "max": 0.05 }, "minNetValue90PerUsdMargin": { "min": 0, "max": 0.05 }, "futureDividendSizingCredit": { "min": 0, "max": 0 }, "debtFundingEnabled": { "min": 0, "max": 0 }, "partialCloseEnabled": { "min": 0, "max": 0 }, "autoStakeEnabled": { "min": 0, "max": 1 }, "claimThresholdUsd": { "min": 1, "max": 1000 } }, "candidates": [ { "name": "cash_and_observe", "params": { "executionEnabled": 0, "marketId": 1, "mode": 0, "signalMode": 0, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 1, "maxHoldHours": 12, "stopAtr": 1, "targetAtr": 2, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": 0, "p10": 0, "p90": 0, "maxDrawdown": 0, "notes": "Recommended. No newly deployed margin; values are zero per hypothetical $1 budget, exclude any external USDC yield or pre-existing PAPER dividends. Execution is hard-disabled in this version." }, { "name": "ETH_pair_10x_24h", "params": { "executionEnabled": 0, "marketId": 1, "mode": 1, "signalMode": 0, "longLeverage": 10, "shortLeverage": 10, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 0, "maxHoldHours": 24, "stopAtr": 0, "targetAtr": 0, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": -0.010319629616717459, "p10": -0.012339955190330081, "p90": -0.008402489347366782, "maxDrawdown": 0.010624215654124192, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." }, { "name": "ETH_pair_20x_24h", "params": { "executionEnabled": 0, "marketId": 1, "mode": 1, "signalMode": 0, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 0, "maxHoldHours": 24, "stopAtr": 0, "targetAtr": 0, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": -0.020632705125907005, "p10": -0.024242198896263112, "p90": -0.017042411955503996, "maxDrawdown": 0.021090115805504905, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." }, { "name": "ETH_tilt_20x", "params": { "executionEnabled": 0, "marketId": 1, "mode": 3, "signalMode": 1, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.25, "entryHourUtc": 0, "maxHoldHours": 24, "stopAtr": 0, "targetAtr": 0, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": -0.040350018631073056, "p10": -0.06149019225695297, "p90": -0.018836833935115697, "maxDrawdown": 0.044019329244121774, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." }, { "name": "ETH_revert_20x_12h_stopNone", "params": { "executionEnabled": 0, "marketId": 1, "mode": 2, "signalMode": 2, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 0, "maxHoldHours": 12, "stopAtr": 0, "targetAtr": 0, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": -0.010277879541308661, "p10": -0.02769128854893595, "p90": 0.006246302408259382, "maxDrawdown": 0.01727706495398984, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." }, { "name": "ETH_trend_20x_24h_stop1", "params": { "executionEnabled": 0, "marketId": 1, "mode": 2, "signalMode": 1, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 0, "maxHoldHours": 24, "stopAtr": 1, "targetAtr": 2, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": 0.0008708486041099233, "p10": -0.017523900989418358, "p90": 0.01947531311137821, "maxDrawdown": 0.013937414991393338, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." }, { "name": "BTC_revert_20x_12h_stopNone", "params": { "executionEnabled": 0, "marketId": 0, "mode": 2, "signalMode": 2, "longLeverage": 20, "shortLeverage": 20, "pairMarginFraction": 0.005, "directionalMarginFraction": 0.0025, "maxConcurrentGroups": 1, "maxOpenMarginFraction": 0.01, "maxNotionalEquityMultiple": 0.2, "maxNetNotionalEquityMultiple": 0.05, "maxTradesPerDay": 1, "dailyLossLimitFraction": 0.01, "weeklyLossLimitFraction": 0.03, "drawdownKillFraction": 0.06, "minFreeCashFraction": 0.98, "bias": 0, "neutralBiasThreshold": 20, "directionalBiasThreshold": 70, "maxTiltFraction": 0.1, "entryHourUtc": 0, "maxHoldHours": 12, "stopAtr": 0, "targetAtr": 0, "minBustStopRatio": 4, "atrHours": 24, "minAtrFraction": 0.001, "maxAtrFraction": 0.02, "maxEntryDriftBps": 1, "maxPairLegDelaySeconds": 2, "maxDataAgeSeconds": 60, "oracleMaxAgeSeconds": 7200, "reviewIntervalHours": 24, "guardIntervalSeconds": 5, "maxQueueUsd": 0, "minQueueEmptyMinutes": 60, "minRewardRate7dPerPaperDay": 3e-05, "maxSupplyLogGrowthDaily": 0.005, "maxStakingShare": 0.001, "maxOwnNotionalOiFraction": 0.005, "maxOiHeadroomUseFraction": 0.05, "minNetValue90PerUsdMargin": 0.005, "futureDividendSizingCredit": 0, "debtFundingEnabled": 0, "partialCloseEnabled": 0, "autoStakeEnabled": 0, "claimThresholdUsd": 10 }, "expectedDailyValuePerUsdMargin": 0.005327006522029841, "p10": -0.018570456617859426, "p90": 0.027159205179690386, "maxDrawdown": 0.01792553309063194, "notes": "10th/90th percentile of 90-day mean total cash economics under joint historical block resampling and judgmental dividend regimes; $1 fixed total margin per decision; no token terminal value. maxDrawdown is historical realized cash drawdown with 1% equity committed per decision, excluding dividends, before policy gates; candidate is shadow-only, not a deploy recommendation. Full oracle panel not backtested. No-stop variants are comparative research, not approved live risk rules." } ], "parameterSchema": { "$schema": "https://json-schema.org/draft/2020-12/schema", "$id": "urn:imd:papertrade:strategy-parameters:1", "title": "Trusted Papertrade research policy v1 parameter schema", "type": "object", "additionalProperties": false, "required": [ "executionEnabled", "marketId", "mode", "signalMode", "longLeverage", "shortLeverage", "pairMarginFraction", "directionalMarginFraction", "maxConcurrentGroups", "maxOpenMarginFraction", "maxNotionalEquityMultiple", "maxNetNotionalEquityMultiple", "maxTradesPerDay", "dailyLossLimitFraction", "weeklyLossLimitFraction", "drawdownKillFraction", "minFreeCashFraction", "bias", "neutralBiasThreshold", "directionalBiasThreshold", "maxTiltFraction", "entryHourUtc", "maxHoldHours", "stopAtr", "targetAtr", "minBustStopRatio", "atrHours", "minAtrFraction", "maxAtrFraction", "maxEntryDriftBps", "maxPairLegDelaySeconds", "maxDataAgeSeconds", "oracleMaxAgeSeconds", "reviewIntervalHours", "guardIntervalSeconds", "maxQueueUsd", "minQueueEmptyMinutes", "minRewardRate7dPerPaperDay", "maxSupplyLogGrowthDaily", "maxStakingShare", "maxOwnNotionalOiFraction", "maxOiHeadroomUseFraction", "minNetValue90PerUsdMargin", "futureDividendSizingCredit", "debtFundingEnabled", "partialCloseEnabled", "autoStakeEnabled", "claimThresholdUsd" ], "properties": { "executionEnabled": { "type": "integer", "minimum": 0, "maximum": 0 }, "marketId": { "type": "integer", "minimum": 0, "maximum": 1 }, "mode": { "type": "integer", "minimum": 0, "maximum": 3 }, "signalMode": { "type": "integer", "minimum": 0, "maximum": 2 }, "longLeverage": { "type": "integer", "minimum": 1, "maximum": 20 }, "shortLeverage": { "type": "integer", "minimum": 1, "maximum": 20 }, "pairMarginFraction": { "type": "number", "minimum": 0, "maximum": 0.01 }, "directionalMarginFraction": { "type": "number", "minimum": 0, "maximum": 0.005 }, "maxConcurrentGroups": { "type": "integer", "minimum": 1, "maximum": 1 }, "maxOpenMarginFraction": { "type": "number", "minimum": 0, "maximum": 0.02 }, "maxNotionalEquityMultiple": { "type": "number", "minimum": 0, "maximum": 0.4 }, "maxNetNotionalEquityMultiple": { "type": "number", "minimum": 0, "maximum": 0.1 }, "maxTradesPerDay": { "type": "integer", "minimum": 0, "maximum": 2 }, "dailyLossLimitFraction": { "type": "number", "minimum": 0.001, "maximum": 0.02 }, "weeklyLossLimitFraction": { "type": "number", "minimum": 0.005, "maximum": 0.05 }, "drawdownKillFraction": { "type": "number", "minimum": 0.01, "maximum": 0.08 }, "minFreeCashFraction": { "type": "number", "minimum": 0.95, "maximum": 1 }, "bias": { "type": "integer", "minimum": -100, "maximum": 100 }, "neutralBiasThreshold": { "type": "integer", "minimum": 10, "maximum": 30 }, "directionalBiasThreshold": { "type": "integer", "minimum": 60, "maximum": 90 }, "maxTiltFraction": { "type": "number", "minimum": 0, "maximum": 0.25 }, "entryHourUtc": { "type": "integer", "minimum": 0, "maximum": 23 }, "maxHoldHours": { "type": "integer", "minimum": 1, "maximum": 24 }, "stopAtr": { "type": "number", "minimum": 0, "maximum": 2 }, "targetAtr": { "type": "number", "minimum": 0, "maximum": 4 }, "minBustStopRatio": { "type": "number", "minimum": 2, "maximum": 8 }, "atrHours": { "type": "integer", "minimum": 24, "maximum": 72 }, "minAtrFraction": { "type": "number", "minimum": 0.0005, "maximum": 0.003 }, "maxAtrFraction": { "type": "number", "minimum": 0.005, "maximum": 0.03 }, "maxEntryDriftBps": { "type": "number", "minimum": 0, "maximum": 2 }, "maxPairLegDelaySeconds": { "type": "integer", "minimum": 1, "maximum": 5 }, "maxDataAgeSeconds": { "type": "integer", "minimum": 10, "maximum": 300 }, "oracleMaxAgeSeconds": { "type": "integer", "minimum": 300, "maximum": 7200 }, "reviewIntervalHours": { "type": "integer", "minimum": 6, "maximum": 24 }, "guardIntervalSeconds": { "type": "integer", "minimum": 1, "maximum": 10 }, "maxQueueUsd": { "type": "number", "minimum": 0, "maximum": 0 }, "minQueueEmptyMinutes": { "type": "integer", "minimum": 15, "maximum": 1440 }, "minRewardRate7dPerPaperDay": { "type": "number", "minimum": 0, "maximum": 0.0002 }, "maxSupplyLogGrowthDaily": { "type": "number", "minimum": 0.001, "maximum": 0.01 }, "maxStakingShare": { "type": "number", "minimum": 1e-05, "maximum": 0.001 }, "maxOwnNotionalOiFraction": { "type": "number", "minimum": 0.0001, "maximum": 0.01 }, "maxOiHeadroomUseFraction": { "type": "number", "minimum": 0.001, "maximum": 0.05 }, "minNetValue90PerUsdMargin": { "type": "number", "minimum": 0, "maximum": 0.05 }, "futureDividendSizingCredit": { "type": "number", "minimum": 0, "maximum": 0 }, "debtFundingEnabled": { "type": "integer", "minimum": 0, "maximum": 0 }, "partialCloseEnabled": { "type": "integer", "minimum": 0, "maximum": 0 }, "autoStakeEnabled": { "type": "integer", "minimum": 0, "maximum": 1 }, "claimThresholdUsd": { "type": "number", "minimum": 1, "maximum": 1000 } } }, "oracleBiasQuestion": { "wording": "Using only public evidence timestamped at or before {asOfUtc}, what is the directional pressure on ETH over the next 24 hours on a scale from -100 (strong short) through 0 (neutral) to +100 (strong long)? Apply the fixed trend, funding, open-interest and Papertrade liquidation-map rubric and volatility multiplier in report.md. Report an int256 integer in [-100,100], without units, prose or JSON. Publish the required timestamped evidence packet separately. This score predicts price pressure, not a guaranteed profitable Papertrade trade.", "answerType": "int256", "min": -100, "max": 100, "tolerance": 10, "toleranceMeaning": "Absolute integer points for independently reproduced score; not a price or PnL tolerance. Three valid independent answers, median rounded to nearest integer; require max-min <=20. Otherwise oracle status INVALID and halt entries; never substitute an unavailable score with zero.", "scheduleUtc": "00:00 daily; evidence cutoff 00:00, answer before 01:00; expires after oracleMaxAgeSeconds for entry", "evidence": [ "UTC cutoff and every retrieval timestamp, raw response hash and source URL", "Closed ETH candles: 24h/72h/168h returns, 24h realized volatility and 90-day volatility percentile", "Hyperliquid last-24h funding and OKX funding, normalized to 8h", "Hyperliquid and OKX OI change over exactly 24h from archived snapshots; no current-only change estimate", "Papertrade ETH range=5 liquidation map, 150 buckets and below/above fields; state as-of age <=60 seconds", "Protocol summary and queue, live payout parameter and implementation fingerprints", "Each component T,F,O,Q, volatility multiplier, unrounded aggregate, rounded score; missingness status" ] }, "reviewInputs": [ "Prior trusted version/hash and all current parameters; review may patch recommended only", "Reconciled trade-intent and receipt log: UTC times, instrument, side, full isolated margin, leverage, entries/exits/BBO, bustPrice, latency, actual payout mode and all fees, queued versus paid proceeds", "Per-trade loss basis and PAPER minted: API trade rows reconciled to mint Transfer events; total supply and total staked", "Our wallet PAPER/staked balances and pendingReward(address), accumulator snapshots, distributed rewards, claims, and externally withdrawn USDC; include claim receipt to avoid double count", "USDC equity bridge: deposits, withdrawals, available, locked margin, queue claims and cash dividends; separate unrealized PnL and zero cash mark for nontransferable PAPER", "Protocol summary, minute queue snapshots, house history, reward distributions, cap/headroom/OI, implementation and 24h timelock changes", "Daily oracle evidence packet and panel validity; use separate BTC rubric if marketId=0", "Rolling 7/15/30-day rewards per PAPER, supply growth, our diluted stake share and own fee contribution; unavailable 90-day history remains unavailable", "Frozen shadow trades, executable BBO tracking errors, sign/submit/confirm latency and failed-intent log; compare pre-registered rule against cash and random-side control" ], "reviewOutputs": [ "Strict JSON patch containing only allowed recommended fields, expected previous version/hash, asOfUtc and expiresAtUtc; reject unknown fields, stale versions, nonfinite values or bound changes", "Oracle int256 answer and separate evidence packet/hash, panel min/max/median and VALID/INVALID status", "Reconciled daily and cumulative net cash PnL + USDC dividends, PAPER minted and eligible loss basis; staking and queue accrual separately, no token terminal mark", "Updated 30/90/180-day dividend distribution and dilution/queue/parameter stresses, with data window and assumptions; incremental versus existing-stake baseline", "Per-candidate 90-day cash simulation mean/p10/p90, realized and stressed drawdowns, limits/headroom and decision OBSERVE/HALT; no execution in v1", "Adversarial review: evidence gaps, regime/latency sensitivity, endogenous-reward and survivorship checks; explicit pass/fail for every kill condition", "New entries, full-close intents and claim/stake suggestions for an independently authorized future execution version only; this version must output an empty transaction list" ], "killConditions": [ "executionEnabled must remain 0 in version 1: any attempted submission is rejected; a new reviewed policy version is required to enable trading", "Any payout queue >0 USD, missing/stale queue state, negative tracked LP, or reward distribution suppressed; do not farm an insolvency bonus", "Any change in implementation, impact/deadband/holdback, win/loss/builder fee, mint coefficient, reward allocation, LP cap, custody asset or timelock configuration; freeze on a scheduled material change", "Daily net cash loss >= dailyLossLimitFraction, trailing 7-day loss >= weeklyLossLimitFraction, or peak cash-equity drawdown >= drawdownKillFraction; unrealized losses count for entry gating", "Open margin, gross/net notional, concurrency, OI share/headroom or free-cash limit exceeded; minimum venue order exceeds permitted size => skip", "Invalid oracle/panel, expired evidence, bad candles, BBO mismatch > maxEntryDriftBps, relayer failure, or pair-leg delay > maxPairLegDelaySeconds => cancel further entries and request full closes where permitted", "Unknown actual bustPrice, stop distance too close to bust, no continuously available guard, or stopped guard heartbeat => no leverage entries", "7-day per-PAPER reward below minRewardRate7dPerPaperDay, supply log growth above maxSupplyLogGrowthDaily, or our stake share above maxStakingShare => no loss-farm entries", "Prospective 90-day total cash economics p10 <= minNetValue90PerUsdMargin (no confidence from recycled holdout), or any gate relies on future PAPER value for sizing => no farm", "Unreconciled cash or mint discrepancy, delayed claim/withdrawal, retired instrument, opens pause, chain reorg/outage or custody/USDC depeg observation => halt and escalate" ], "metricDefinitions": { "expectedDailyValuePerUsdMargin": "Mean of (90-day trading cash PnL plus USDC dividends earned within those same 90 days)/90 per fixed $1 total margin budget per daily decision, from saved historical calendar block resamples and explicit judgmental revenue/dilution regimes. Excludes pre-existing stake, token price, idle-cash yield and queue recovery. Hypothetical, not a forecast guarantee.", "p10": "10th percentile of the same 90-day average daily economics", "p90": "90th percentile of the same 90-day average daily economics", "maxDrawdown": "Historical realized equity drawdown as fraction using 1% current equity committed per trade/group, prior to proposed risk gates, without dividends; not a worst-case bound.", "modeCodes": { "0": "observe", "1": "equal-notional pair", "2": "directional", "3": "biased equal-leverage pair" }, "signalModeCodes": { "0": "live oracle panel (not backtested)", "1": "24h/72h trend agreement candle proxy", "2": "opposite of 24h/72h trend agreement, exploratory comparator" }, "marketCodes": { "0": "BTC", "1": "ETH" }, "versionPolicy": "Bounds, schemas, candidates, review rules and kill conditions are immutable to recurring review. Validate a recommended-only patch against the trusted shipped schema and cross-field policy, not against editable JSON bounds. executionEnabled pinned to zero." } }