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How it works

Deposits and withdrawals

USDC moves into and out of Papertrade through a deterministic per-user address spanning HyperCore and HyperEVM.

Your Papertrade deposit address

The app derives a unique deposit address from the connected wallet. The same address space is visible across HyperCore and HyperEVM, while Papertrade credits supported deposits from the monitored HyperCore flow.

Supported USDC paths

The documentation describes direct Hyperliquid spot transfers, a guided HyperEVM route using canonical USDC, and supported Circle CCTP routes from selected chains.

Raw arbitrary ERC-20 transfers to the HyperEVM proxy are not treated as the normal monitored deposit path.

Withdrawing

Available balance can be withdrawn back to the user HyperCore spot account. Margin committed to open positions is not part of available withdrawal balance.

Technical flow

The underlying mechanism uses deterministic CREATE2 deposit proxies, a sweep and finalize flow and HyperCore writer actions.

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