PaperTrade is coming to Manic.
With PaperManiac, you can trade PaperTrade markets directly through the Manic interface while keeping the same underlying PaperTrade markets, liquidity, and PAPER rewards.
And when a trade goes against you, Manic gives you another way to keep going.
Try PaperManiac: https://app.manic.trade/papertrade
Get 50% of Eligible Losses Back
When you trade PaperTrade through PaperManiac and an eligible position closes at a loss, 50% of the realized loss is automatically returned to you as Manic Bonus Credits.
No claim is required.
Once the position is settled, the Bonus Credits are automatically added to your Manic account.
For example:
- You lose $100 on a PaperTrade position
- You automatically receive 50 Manic Bonus Credits
Each losing trade is calculated separately. Profitable trades do not offset rewards earned from other losing positions.
Lossback is based on the actual realized loss after settlement, not your position size or unrealized PnL.
Use Bonus Credits on Manic
Bonus Credits can be used across Manic’s own trading products:
They cannot be used to trade PaperTrade and cannot be withdrawn directly as USDC.
Any profits generated while trading with Bonus Credits remain part of your Bonus Credits balance.
Unlock Bonus Credits Into USDC
Bonus Credits can be gradually unlocked through real-money trading on Manic.
For every:
$50 in real-money Manic trading volume → unlock $1 Bonus Credit into $1 USDC
For example, if you hold 250 Bonus Credits, fully unlocking them would require $12,500 in real-money Manic trading volume.
Once unlocked, the USDC can be withdrawn normally.
Trading with Bonus Credits themselves does not count toward the required real-money trading volume.
Your PAPER Rewards Stay the Same
PaperManiac does not replace PaperTrade’s existing reward system.
Eligible users can continue participating in PAPER rewards according to PaperTrade’s own rules, while also receiving Manic Bonus Credits on eligible losing trades.
That means the two reward systems remain separate:
PaperTrade rewards + Manic 50% Lossback Bonus Credits
How It Works
- Trade PaperTrade through PaperManiac.
- If an eligible trade settles at a loss, 50% of the realized loss is automatically credited as Bonus Credits.
- Use those Credits on Manic and unlock them into USDC through real-money Manic trading.
Only PaperTrade positions opened through Manic and attributable to PaperManiac are eligible for Manic Lossback rewards.
Important
Bonus Credits are promotional credits and are not immediately withdrawable USDC. They are subject to Manic’s usage and unlocking rules.
PaperTrade involves leveraged trading and may result in the loss of your full position. Bonus Credits do not guarantee recovery of trading losses or future profitability.
Need Help?
If you have any questions or run into any issues, click your account in the top-right corner, select Support, and create a ticket. Our team will help you from there.
