Papertrade's liquidation mining "perfectly fits" Machi, whose cumulative trading volume reached $1.56 billion with a net loss of $424,000.

October 20 - According to on-chain analyst Ai Yi (@ai_9684xtpa), Machi's cumulative trading volume on Papertrade since October 10 reached $1.56 billion, with realized losses of $833,000, ranking 10th on the loss leaderboard; received an airdrop of 437,000 PAPER tokens (405,000 tokens), and after offsetting, the account still shows a loss of $424,000.

It is reported that Machi mostly opened long positions on ETH, with leverage ranging from 50x to 1000x, mostly at 100x, and he himself has posted multiple tweets praising the papertrade model.