Papertrade Deposits & Withdrawals — USDC Flow
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Available balance can be withdrawn back to the user HyperCore spot account.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.
Related Papertrade Guides
Frequently Asked Questions
What asset is used for Papertrade trading balances?
The documentation describes USDC flows between HyperCore and HyperEVM-related protocol accounting.
Are deposits the same as staking PAPER?
No. USDC deposits fund trading balances, while PAPER staking is a separate token and reward flow.
Where can I learn about CREATE2 deposit proxies?
See the CREATE2 Deposits technical page for proxy derivation and sweep mechanics.