The XAU perp on @variational_io looks interesting right now. We're at around 36%.
I'm delta-hedging with @OndoPerps because the gold pair is very stable and cheap to trade. And most importantly, Ondo is offering huge incentives!
This week, I only farmed 7 points on @variational_io . A bit disappointing, but I'm not giving up hope.
My goal is to farm another 100 points before the end, and I think it's achievable.
In my opinion, we still have around 10 weeks left, which takes us to the end of the year. Averaging 10 points per week should get the job done.
From now on, I'll focus more on taking larger positions rather than generating high volume. I'll also try to farm some funding fees on other perp DEXs, especially @arcus_xyz and @OndoPerps .
We're getting closer to the final stretch. Sure, farming a lot of points has become quite challenging, but we now have much more certainty about the value of the points and the TGE.
So there's still time to get some exposure to Variational if you haven't already! 👀
omni.variational.io/?ref=OMN…
Dialem retweeted
To celebrate the new Crown Pack on Jupiter Gacha
WE’RE RUNNING A SPECIAL GIVEAWAY 👑🔥
3 packs. 3 winners. 1 Crown Packs each.
How to enter:
1️⃣ Follow @JUPCommunity
2️⃣ Like + RT this post
3️⃣ Drop the card you’re chasing
Ends Sunday 22:00 UTC
Today is the last day to take advantage of the USDC rewards on Ondo. But what happens next?
They might extend the program, but I don’t necessarily see that happening, especially since volume keeps declining anyway.
If I were them, I’d make a clear and precise announcement about an airdrop. That could attract a lot of people without costing them a single cent for now.
What do you guys think comes next?
Last week’s results:
My goal was to reach at least $15M in volume, and I managed to do that I actually stopped at $20M!!!
Still on @vesper_mm
Now, let’s see if it was really worth it.
This volume cost me $2,700,so that’s a 135 CPM.
I received $1,700 through the weekly rewards, which means $85 per $1M in volume.
So my net CPM was 50.
And how many points did I get for all of this?
This week, I earned 41,600 points.
1,000 / 41,600 = $0.024
To conclude, I got 1 point for $0.024, which I’m perfectly happy with, especially considering that, as a reminder, the bearish scenario estimated each point at $0.10.
PS: In these calculations, I’m not including the $50 received per account from the new account incentive, since that was only a temporary offer.
For next week, I initially wanted to slow down on this farm, as I felt I was already quite exposed, especially with the growing FUD around Ondo’s communication.
However, this week, volume has dropped significantly while the weekly rewards have remained the same. So there’s a possibility that we could farm points even more cheaply.
To be continued…
I’m planning to do $15M in volume this week thanks to Vesper.
@vesper_mm lets you sleep while farming your favorite perps at the same time.
A few numbers:
My volume costs me an average of 135 CPM.
Based on previous weeks, the reward pool allowed me to recover around 100 CPM.
So that’s -35 CPM net.
35 × 15 = $525
So I’ll burn $525 for $15M in volume.
Based on my previous experience, I get 1 point for every $500 in volume.
15,000,000 / 500 = 30,000 points
According to the post below, the bearish scenario would value each point at $0.10.
So: 30,000 × $0.10 = $3,000
To conclude, I’m farming $3K worth of rewards for $525 in burn, thanks to Vesper and @OndoPerps .
Dialem retweeted
while everyone argues about where to farm, Vesper is quietly doing ~$10M in daily volume on @OndoPerps
⠀
100-130 CPM on average. top results on the venue.
⠀
numbers speak for themselves.
I’m planning to do $15M in volume this week thanks to Vesper.
@vesper_mm lets you sleep while farming your favorite perps at the same time.
A few numbers:
My volume costs me an average of 135 CPM.
Based on previous weeks, the reward pool allowed me to recover around 100 CPM.
So that’s -35 CPM net.
35 × 15 = $525
So I’ll burn $525 for $15M in volume.
Based on my previous experience, I get 1 point for every $500 in volume.
15,000,000 / 500 = 30,000 points
According to the post below, the bearish scenario would value each point at $0.10.
So: 30,000 × $0.10 = $3,000
To conclude, I’m farming $3K worth of rewards for $525 in burn, thanks to Vesper and @OndoPerps .
I’m planning to do $15M in volume this week thanks to Vesper.
@vesper_mm lets you sleep while farming your favorite perps at the same time.
A few numbers:
My volume costs me an average of 135 CPM.
Based on previous weeks, the reward pool allowed me to recover around 100 CPM.
So that’s -35 CPM net.
35 × 15 = $525
So I’ll burn $525 for $15M in volume.
Based on my previous experience, I get 1 point for every $500 in volume.
15,000,000 / 500 = 30,000 points
According to the post below, the bearish scenario would value each point at $0.10.
So: 30,000 × $0.10 = $3,000
To conclude, I’m farming $3K worth of rewards for $525 in burn, thanks to Vesper and @OndoPerps .
" @OndoPerps is, in my opinion, the best farming opportunity right now."
A lot of people say this, but very few actually take the time to explain why. So let me break down my reasoning.
@OndoFinance is already one of the leading players in the emerging Real World Assets (RWA) sector. Unlike many new protocols that appear out of nowhere with no token and an uncertain future, Ondo already has live, functional products and its token has been trading for over two years since its TGE. That gives us a much stronger foundation for estimating the potential value of its points program and a possible future airdrop.
Of course, everyone will have their own assumptions these are simply mine.
At the time of writing, ONDO has a fully diluted valuation (FDV) of around $3.4B. Roughly 50% of the token supply is still locked or yet to be distributed.
My assumptions
The points campaign lasts 30 weeks, which seems realistic (we're currently in week 6).
5% of the total supply is allocated to the airdrop, representing approximately $170M at today's valuation.
That works out to around $5.6M worth of value distributed per week.
I also assume the points system will be correlated with the current USDC incentive program.
The numbers
Last week, with $1M in trading volume, I earned $162 in USDC incentives.
During that same week, total platform volume was roughly $750M, with $150K distributed in rewards. That means my share of the rewards represented about 0.1% of the total reward pool.
If we apply that same share to the estimated weekly airdrop allocation:
0.1% × $5.6M = approximately $5,600.
Based on these assumptions, I'd estimate that $1M in volume last week could have farmed the equivalent of more than $5K in future airdrop value.
Of course, this is all speculative. The market could correct, my assumptions could be wrong, the airdrop criteria may end up being completely different, or the allocation could be much smaller.
But even if these estimates are off by a factor of 2x, 5x, or even 10x, I still think the risk/reward remains extremely attractive.
If you found this analysis helpful and you're planning to try OndoPerp, I'd really appreciate it if you used my referral link: app.ondoperps.xyz/?ref=LQSBJ…
Dialem retweeted
Sniper decides for itself. When to enter, what to trade, and when to just wait.
Meet the new mode on @OndoPerps, the smartest one we've built.
It picks its own pair. Every morning it recalculates what trading actually cost the day before and takes whatever works better today. Two markets at once.
Its hours are its own. It only comes out when trading is cheapest, from 21:00 to 24:00 and from 03:00 to 10:00 UTC. The rest of the time it stays out.
It holds both sides of the book. It never chases price.
It knows how to back off. When the market pushes one way, it steps aside and waits instead of leaning in.
It leaves the window early, twelve minutes before the close, so it can shut down calmly.
All of this happens without you.
The new Sniper strategy. Live for everyone.
" @OndoPerps is, in my opinion, the best farming opportunity right now."
A lot of people say this, but very few actually take the time to explain why. So let me break down my reasoning.
@OndoFinance is already one of the leading players in the emerging Real World Assets (RWA) sector. Unlike many new protocols that appear out of nowhere with no token and an uncertain future, Ondo already has live, functional products and its token has been trading for over two years since its TGE. That gives us a much stronger foundation for estimating the potential value of its points program and a possible future airdrop.
Of course, everyone will have their own assumptions these are simply mine.
At the time of writing, ONDO has a fully diluted valuation (FDV) of around $3.4B. Roughly 50% of the token supply is still locked or yet to be distributed.
My assumptions
The points campaign lasts 30 weeks, which seems realistic (we're currently in week 6).
5% of the total supply is allocated to the airdrop, representing approximately $170M at today's valuation.
That works out to around $5.6M worth of value distributed per week.
I also assume the points system will be correlated with the current USDC incentive program.
The numbers
Last week, with $1M in trading volume, I earned $162 in USDC incentives.
During that same week, total platform volume was roughly $750M, with $150K distributed in rewards. That means my share of the rewards represented about 0.1% of the total reward pool.
If we apply that same share to the estimated weekly airdrop allocation:
0.1% × $5.6M = approximately $5,600.
Based on these assumptions, I'd estimate that $1M in volume last week could have farmed the equivalent of more than $5K in future airdrop value.
Of course, this is all speculative. The market could correct, my assumptions could be wrong, the airdrop criteria may end up being completely different, or the allocation could be much smaller.
But even if these estimates are off by a factor of 2x, 5x, or even 10x, I still think the risk/reward remains extremely attractive.
If you found this analysis helpful and you're planning to try OndoPerp, I'd really appreciate it if you used my referral link: app.ondoperps.xyz/?ref=LQSBJ…
I voted for option 2. @JupiterExchange
I know that many people are very disappointed by Jup's price drop and they're right to feel that way. They're hoping to recover their losses through Jupuary. But I don't think that's the right way to think about it.
With option 1, we can expect maybe a 5–10% recovery at best, at the cost of burning the token.
Option 2 is riskier in my opinion because we are once again putting full trust in the team. However, if they manage to restore investor confidence, we could easily see it back around $1.
I always think in terms of risk/reward and option 2 is the better choice.
It is when the market is down that the best opportunities present themselves to us.
THX @Loopscale @bulktrade @ExponentFinance
I have a new bullish theory about $JUP despite all the current FUD.
Jupnet is coming. We know that, but we still don’t realize how important it could become within the crypto ecosystem. Let’s assume it manages to capture a significant share of the perps market say 1/10 of Hyperliquid. That would represent $100M in annual revenue.
If Jupiter continues its buybacks at 50% of revenue, the perps segment alone could generate twice what is already being generated, effectively doubling the buying pressure. At the current JUP price, that would represent 20% of the current FDV being bought back in a single year.
Of course, this is only theory and speculation, but we shouldn’t underestimate Jupnet and the revenue associated with it.
These two addresses (it seems to be the same user) swapped more than 500k $xSOL into SOL, which made them lose over $3k in slippage.
I obviously took advantage of it by providing liquidity in the @MeteoraAG pool, earning $200 in the process. Thanks, I’ll be able to sleep tonight.
Keep throwing your bags away, I’ll be there to catch them.
