Strategy memo
A treasury loop that only runs where the rails exist.
PaperMill is a proposed Solana-native strategy built around the Papertrade ecosystem. Trading fees, if they are eligible, accumulate in a treasury. Treasury assets are allocated toward PAPER-related strategies that are actually supported. Realized rewards are intended to buy back $MILL, and bought-back tokens may be burned under a published rule.
- Status
- Proposal
- Network
- Solana
- Reference
- Papertrade
- Affiliation
- Independent
How trading fees would enter
The intake is trading activity that generates an eligible creator or protocol fee and names the PaperMill treasury as the recipient. A fee that stays with a venue, a creator, or another program is not treasury inventory. No route is configured today.
Solana creator fees and Token-2022 transfer fees are different mechanisms. The memo does not treat them as substitutes. The tokenomics section keeps them apart.
How treasury assets would be managed
Fees that clear are meant to rest in a Solana wallet the protocol publishes. Management means deciding what stays in reserve and what is allocated. It does not mean a promised yield, and it does not mean this website can move funds. No wallet is published, so there is no balance to manage.
How PAPER-related rewards might be generated
Rewards are possible only where Papertrade supports the strategy and the asset can actually be used there. PAPER is not assumed to be freely bought, transferred, bridged, or staked. If support is missing, the station stays idle. If support exists and a reward is paid, the reward is counted when it is received. Expected rewards are not shown as revenue.
How rewards would become buybacks
Realized rewards are the intended funding for market purchases of $MILL. A purchase is a transaction. A burn is a separate transaction, and only under a rule the protocol publishes. Buybacks are not running. Burns are not running. This site will not invent either history.
How buybacks and burns can be verified
- Publish the treasury wallet and the $MILL mint.
- Open both addresses in a Solana explorer.
- Match each buyback or burn signature to that wallet.
- Treat a figure on this website as secondary to the chain.
Until those addresses exist, verification has nothing to attach to. Explorer links on the treasury page stay disabled for that reason.
Allocation, without invented weights
No percentages published
- 01Incoming feesShare unannounced
- 02Treasury reservesShare unannounced
- 03Supported PAPER strategiesShare unannounced
- 04Realized rewards reserved for buybacksShare unannounced
- 05Burns under a published ruleShare unannounced
The lines are guides, not weights. An equal mark means the share has not been published.
Planned and operational
Operational means the integration can be used now. Planned means it is part of the design and is not available.
| Integration | State | Meaning |
|---|---|---|
| Fee routing into the treasury | Planned | No fee destination has been configured. |
| Treasury wallet | Not published | There is no address to audit. |
| PAPER strategy allocation | Planned | Depends on Papertrade support that has not been verified for this design. |
| Buying, transferring, bridging, or staking PAPER | Not assumed | Those actions exist only if Papertrade and any required bridge support them now. |
| Reward accounting | Planned | No reward stream is connected. |
| Buyback execution | Planned | This site does not buy tokens or sign transactions. |
| Burn | Planned | No burn rule is published and no burn program is deployed from here. |
| Brand and website | Underway | This site describes the proposal. It is not a deployed treasury. |
Risks
The system is not live
Fees, allocations, rewards, buybacks, and burns described here are a design. They are not operating.
PAPER support may not exist
The strategy needs Papertrade functionality, asset transferability, and any cross-chain path the step requires. Those are not guaranteed.
Rewards can be zero
No rate is offered. A strategy can run and still pay nothing.
Markets and liquidity
A future buyback would face whatever market exists then. Thin liquidity can move price or prevent a trade.
Contracts, keys, and operations
No PaperMill program is deployed from this site. When software and keys exist, bugs and operational mistakes can lose funds.
Cross-chain infrastructure
Bridges and message layers can halt, censor, or fail. PaperMill does not assume they are available.
Records can lag
A website figure is not the chain. Explorer records, once addresses exist, are the check.
The token can lose all value
Nothing here is a promise of price, yield, or return of capital.
PaperMill is independent unless an official relationship with Papertrade is verified. View the treasury record.