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Personal research project — paper-testing & tuning, not raising capital.
Milestone 2026-06-20

Paper Trading Phase Started

SPA officially entered paper trading with $100,000 USDC virtual capital across 20 DeFi adapters on Ethereum and Base.

After completing our Backtest Gate and Pre-Paper Gate validations, SPA has officially entered the Paper Trading Phase. Early cycles ran in June 2026, but we reset our own track to count honestly: the evidenced anchor is June 22, 2026. All cycles run with is_demo: false — meaning only days with a real cycle log count toward the 30-day evidence track (currently 10/30, go-live target ~2026-07-21).

Gate Status

Backtest Gate PASS
Pre-Paper Gate PASS
Paper Trading IN PROGRESS
Live Capital LOCKED

What Paper Trading Means

Paper trading runs the full production cycle — adapter scans, RiskPolicy gates, strategy tournament, and StrategyAllocator rebalancing — against live DeFi data. The only difference from live trading is that no real capital moves on-chain.

Each clean daily cycle contributes 1.0 evidence point toward the 30-point threshold required for GoLiveChecker to reach READY status. Cycles during extreme-market conditions score 1.5 points.

The GoLiveChecker evaluates 29 criteria. Current status: 27/29 pass. Target go-live: July 2026 (ADR-002).

Active Adapters

Aave V3 (ETH) Aave V3 (Arbitrum) Compound V3 Morpho Blue Morpho Steakhouse Yearn V3 Euler V2 Maple Pendle PT Sky/sUSDS

What's Next

› Accumulate 30 clean daily evidence cycles (ETA: ~July 10, 2026)
› Reach 29/29 GoLiveChecker criteria
› gap_monitor: 30 consecutive days without gaps
› Owner manual review + ADR-002 sign-off
› Go-live: estimated July 2026
← All posts Architecture Audit →

⚠ Personal Research Project: SPA is a personal research project in paper validation and tuning. Not a regulated financial service. Not raising capital. Not investment advice.

Paper Trading Disclosure: All performance data reflects simulated trading on a virtual $100,000 USDC portfolio. Current paper APY: ~3.6% (variable, not a forecast). Simulated performance does not account for live slippage, liquidity impact, or smart contract execution risk. We reset our own track: only days with a real cycle log count (currently 10/30, anchor 2026-06-22). Go-live target: ~2026-07-21 — contingent on GoLiveChecker 29/29 (currently 27/29 NOT READY). See /track-record.

Not a Regulated Service: SPA is a personal research project at the paper-testing stage. This does not constitute investment advice, financial advice, or a solicitation to invest in any jurisdiction. Consult qualified professionals before making investment decisions.

DeFi-specific risks: Smart contract vulnerabilities and exploits · Protocol insolvency · Stablecoin de-pegging · Oracle manipulation · Regulatory actions · Technology failure. Funds in DeFi protocols are not covered by any investor compensation scheme.

Read the full Risk Disclosure →