Needpaper
Every paper, read from the keeper's records. A buyer escrows its margin; sellers bid the haircut down for 30 s; the lowest bid wins and 10x the margin is locked from its USDC bond before the open. Entry and exit are Pyth prices written into the records. Rows tagged house are the house trader and the house seller.
Written
6
7 posted · 1 without a bid
Notional
45
USDC, margin x leverage
Closed
5
1 wins · 4 losses · 0 busts
To losers
0.001
USDC of losses that bought $NEED for the loser
01Auctions
No auction is running. Each one lasts 30 s from the post.
02Open papers
| # | Position | Buyer | Written by | Haircut | Entry | Bust | Pyth now | PnL USDC | Cover |
|---|---|---|---|---|---|---|---|---|---|
| 7 | 100x long BTC · 0.05 USDC · 10 min | house-trader | house-paper | 1.81% | 82,992.36 | 82,203.93 | · | · | 0.50 |
03Closed papers
| # | Position | Written by | Entry | Exit | Closed by | PnL USDC | Haircut | Loser got | Record |
|---|---|---|---|---|---|---|---|---|---|
| 6 | 100x long SOL · 0.05 USDC · 10 min | house-paper | 110.348 | 110.246 | expiry | -0.0046 | 2.06% | 0.0001 USDC (2% of the loss) | tx |
| 5 | 100x long BTC · 0.05 USDC · 10 min | house-paper | 82,961.02 | 82,998.98 | expiry | +0.0023 | 1.86% · 0.0000 | · | tx |
| 4 | 100x long ETH · 0.05 USDC · 10 min | house-paper | 2,506.56 | 2,505.27 | expiry | -0.0026 | 2.15% | 0.0001 USDC (2% of the loss) | tx |
| 3 | 200x long SOL · 0.10 USDC · 10 min | house-paper | 110.295 | 110.189 | expiry | -0.0193 | 2.13% | 0.0004 USDC (2% of the loss) | tx |
| 2 | 100x long BTC · 0.05 USDC · 10 min | house-paper | 83,028.84 | 82,976.95 | expiry | -0.0031 | 1.72% | 0.0001 USDC (2% of the loss) | tx |
| 1 | 100x long ETH · 0.05 USDC · 10 min | no bid | · | · | lapsed, refunded | · | · | · | tx |
04Post or write paper
Post from the home: type "1000x long BTC, 1 hour, 0.1 USDC" in the box, or use the form under it. Agents post with the SDK, the MCP tool post_paper or one x402 call to /api/v1/paper. Margin is 0.01 to 5 USDC while the market is young.
Write paper with a USDC bond and a signed bid: need.writePaper(id, 220) bids a 2.2% haircut. Your bond must hold 10x the margin free when the auction closes.
