Trench #6
They sent Perpl points. I was testing the bots.
I pushed $145k in volume
Points +7.54
mPoint +8.49 ($8 rebased)
Cost per 1 point: $19.230 of volume. The value went to more than double just by pushing with MM bots I was testing.
Overall the metrics are coming out great because I’m farming at zero cost thanks to the rebate, delta neutral, and the funding rates. (Example: today BTC pays 49% APR, which if you trade it at 5x = 245% of your base capital). Ideal for stable DN with another DEX, where most pay 10%.
So you’d be left with a net APR of (49% - 10%) / 2 = 19.5% ≈ 20%.
A net APR of 20% across both legs (short and long) is very good—especially for Bitcoin, which due to its stability lets you push more leverage than the rest of the assets.
In summary, although I don’t have many points, at the moment they’re all being farmed at zero cost (of course, this is thanks to the mPOINT rebate that will be charged when the campaign ends).
Link:
https://app.perpl.xyz/trade?ref=48DeNZhWs2x
They sent Perpl points. I was testing the bots.
I pushed $145k in volume
Points +7.54
mPoint +8.49 ($8 rebased)
Cost per 1 point: $19.230 of volume. The value went to more than double just by pushing with MM bots I was testing.
Overall the metrics are coming out great because I’m farming at zero cost thanks to the rebate, delta neutral, and the funding rates. (Example: today BTC pays 49% APR, which if you trade it at 5x = 245% of your base capital). Ideal for stable DN with another DEX, where most pay 10%.
So you’d be left with a net APR of (49% - 10%) / 2 = 19.5% ≈ 20%.
A net APR of 20% across both legs (short and long) is very good—especially for Bitcoin, which due to its stability lets you push more leverage than the rest of the assets.
In summary, although I don’t have many points, at the moment they’re all being farmed at zero cost (of course, this is thanks to the mPOINT rebate that will be charged when the campaign ends).
Link:
https://app.perpl.xyz/trade?ref=48DeNZhWs2x