roky?

my lighter plan for this week: trade the low OI pairs looking at how my lighter rh points were distributed, the pairs with lower OI seem to pay a lot more there's no official formula, so this is my read, not a fact the pairs i'll mostly trade this week, with their OI: > $AMZN - $5.41M > $TSLA - $5.45M > $CRCL - $5.86M > $MSFT - $5.92M > $META - $6.17M > $GOOGL - $11.43M > $NVDA - $13.49M my guess is simple: less OI means your position is a bigger share of the market, so it counts for more second thing: upcoming earnings lighter has a separate tab for pairs with earnings coming up, and from what i see these pairs give extra points this week: > $AAPL - 11/2 > $PLTR - 11/2 > $AMD - 11/3 > $CRCL - 11/4 $CRCL is in both lists, low OI and earnings on 11/4, so it's my main pair for the week one thing to keep in mind: earnings mean big moves, and a gap can hit your liquidation price fast size smaller, keep more margin, or hedge it on another perp dex i'll show how it worked in next week's numbers ref link that gives +10% weekly points boost: robinhoodchain.lighter.xyz/?…

the $ANTH gap between @entropyIO and @Lighter_xyz just flipped to ~3% short on entropy, long on lighter for most of the chart the spread sat around -2%, now it jumped to the other side, so entropy is trading ~3% above lighter the setup is simple: > short on entropy, long on lighter, same size on both legs > market direction cancels out, you only trade the gap > when the prices meet again, close both legs in profit if the gap closes from ~3% to around 0, that's roughly +3% on the position size, before fees and funding and while you wait, the lighter leg keeps farming points, so the trade can pay twice what can go wrong: > the gap can widen more before it narrows > funding can eat part of the profit if you hold long > liquidation risk on each leg, so don't max the leverage dyor, size it so you can sit through a wider gap refs: entropy - entropy.io/?r=roky lighter rh - robinhoodchain.lighter.xyz/?… (+10% weekly points boost)

margot robbie explained the housing bubble from a bathtub now she's buying earnings in pumpkin pajamas on @QFEX at night, when every normal exchange is closed jokes aside, this is the part people miss: > stocks, indices and commodities 24/7 > earnings hit after the bell, you can still react > season 0 is live, retro for traders is confirmed > and almost nobody is farming it yet a brick phone and a laptop on a couch is basically my setup too, just without the pajamas i'd rather be early here than late with everyone else

how much it costs to get into @QFEX season 0 i did the math before starting the entry ticket for the loss refund is $100k taker volume: > indices and commodities at 0.05% taker - ~$50 in fees > equities at 0.10% taker - ~$100 what you get for it: > a 20% chance to get 100% of your realized losses back, up to $2k > a spot in season 0, and the team has confirmed retro rewards for traders if you go further with limit orders on indices or commodities: > first $1M - up to $200 > next $1M - ~$150 for comparison, $200 on variational buys me ~20-30 points, depending on the week on qfex the same $200 buys $1M of volume on a dex where almost nobody is farming the catch: there are no points yet, so you're paying for a retro of unknown size that's exactly why the crowd skips it, and why i want to be there before points get announced my plan: $100k first, then build toward $500k with organic volume and held positions rough math, not a promise fees are on you, and your losses can be bigger than the refund cap

my weekly lighter and variational points are out, here are my numbers stats for the week: > 386k volume > OI around 16.5k > avg hold time 16-18h > pairs i traded: $XAU, $XAG lighter result: > 10.25 points - $0.85 per point variational result: > 2.08 points - $4.19 per point to be honest, i expected more points i did almost 2x the volume of last week, 386k vs 202k, and still got fewer points on both: 10.25 vs 11.19 on lighter and 2.08 vs 2.83 on variational but the cost per point came out much lower than before: my best was $1.44 on lighter and ~$10 on variational the reason is funding. at the end of last week and the start of this one it was big and in my favor, so part of the farm paid for itself what this tells me: points seem to depend a lot on trading pairs with low OI, so that's what i'm going to test next week we keep grinding ref link: robinhoodchain.lighter.xyz/?… (+10% weekly points boost)

the biggest crypto hack ever: binance lost ~$6.3B on october 29 here's what got hit the hardest the majors: > $BNB - the worst of the top coins, -5-8% depending on the window > $BTC - dipped to ~$76.4k, the lowest since september 18 > $ETH - wicked down to ~$2,170 the hacker swapped 7 tokens for 70,480 $ETH (~$158M) on-chain, the biggest sales: > $UNI - $39.63M > $ENA - $33.93M > $PEPE - $31.66M > plus $LINK, $AAVE, $ONDO and $WLD and the hacker still holds part of the bag in $ENA, $PEPE, $LINK, $AAVE and $ARB, so these can see more selling pressure the one that went the other way: $HYPE closed the day green, with the ICE news landing at the same time binance says user funds are safe, it will cover the losses and withdrawals should resume soon still, a good reminder not to keep more on one exchange than you actually need were you stuck with anything on binance?

the NYSE parent is building on hyperliquid now ICE agreed to work with tradexyz on a US-regulated market for perps built on HIP-3 how it's split: > ICE runs the exchange and the clearing > tradexyz designs the markets > hyperliquid HIP-3 is the tech underneath > ICE also takes a minority stake in tradexyz $HYPE did +13-15% on the news it still needs CFTC approval and there's no launch date, so nothing is live yet but a year ago HIP-3 was a fresh upgrade with a 500k $HYPE entry ticket now one of the biggest exchange groups in the world is building on it i'm farming one of the HIP-3 venues right now: @entropyIO pre-IPO and stock pairs, no points program yet, still early that's the kind of setup i want before the crowd shows up dyor, regulatory approval is not guaranteed ref: entropy.io/?r=roky

morning: trade[xyz] teams up with ICE, tradfi is finally here afternoon: polymarket gets hacked night: binance gets hacked crypto can't stay bullish for more than 12 hours

$VAR at ~$2.6-5.1B according to @AleaResearch, here's how they got there they only count the revenue that reaches the token the @variational_io treasury takes 20% of the spread and plans to spend it on buybacks they took three observed paces of volume and spread: > Q3 avg - $1.24B a day at 2.35 bps = $21.3M a year to the treasury > september - $1.97B a day at 2.09 bps = $30.1M a year > oct 1-14 - $2.84B a day at 1.64 bps = $33.9M a year peer multiples on that revenue give $2.6-5.1B on total trading fees the range is much higher, $8.7-23.5B, but peers send most of their fees to the token: > hyperliquid - 86% to the assistance fund > aster - 78% to buybacks > lighter - 61% to buybacks > variational - 20% that's why the lower range is the fair one a few more numbers from the report: > Q3 - 4th by volume, 3rd by OI > the treasury already holds 10.89M USDC for buybacks > at a $1B value, the Q3 pace would buy back 2.1% of $VAR a year, vs 0.7% for $HYPE and $LIT and 0.8% for $ASTER what this means for 1 point: at $2.6-5.1B, 1 point is worth ~$75-145 right now a point costs ~$10 to farm, so that's ~7.5x-14.5x the other side: polymarket puts about 7 in 10 on a launch value below $2B, under the low end of alea's range so i read $2.6-5.1B as a fair value model, not a launch price it's their estimate and my rough math, not a promise. the price at TGE can be much lower i keep farming until the end of the campaign

2024: hyperliquid 2025: lighter 2026: variational 2027: ? every year the crowd farms the project everyone already knows and the next one is usually already open to anyone who looks i can't tell you who 2027 is nobody can, and anyone who says otherwise is selling something but i know where i'm looking: few users, no points program yet, a product that already works for me that's @QFEX and @entropyIO no promises from them, no guarantees from me it's a bet on being early, so size it like a bet so what's in your 2027 slot?

the @entropyIO team has added a pro terminal there's a «Pro» button in the top right corner of the trading page and there's no official announcement yet what i saw in it: > a more convenient trading interface > a separate page to track funding > an overview of your positions more features will probably be added later and since it can change, i'm only describing what i see today but the fact that entropy is building this without any announcement says a lot the team keeps working on the product, and you notice it only if you're inside this is what the early stage looks like you see the changes before they become news ref: entropy.io/?r=roky

the best way to farm perps is to look for loopholes where you can make money on the trade itself, with points coming on top > hedge between two dexs and farm funding > trade the price gap: long one, short the other, close when it narrows > the trade can end in plus and the points are a bonus this way you farm in plus, not just break even look for where points cost you the least, don't farm blindly dyor

how i farm perps right now: 3 setups @Lighter_xyz + @variational_io i hedge between the two and farm funding this week i've already made $300k+ in volume at minimal cost @entropyIO + lighter the price gap between the two dexs sometimes blows out you open a long on one and a short on the other, and close when the gap narrows the trade itself can end in plus, and lighter points come on top so you can farm in plus, not just break even @QFEX + variational i'm trading $SNDK and $XAU my plan for this week is to make 100k+ in volume and see what the result looks like the idea is the same in all three don't farm blindly, look for where the points cost you the least this is what works for me right now, spreads and funding change, so size according to your own risk-reward

variational is running an earnings trading competition with $18k in prizes 13 tradfi markets, 3 days the companies behind them report this week day 1 (oct 27): $HOOD, $V, $STX, $TER, $SKHY day 2 (oct 28): $GOOGL, $MSFT, $KLAC day 3 (oct 29): $AMZN, $COIN, $MSTR, $RDDT, $SNDK prizes will be distributed for each of the three days of the competition: > largest gain in %: $2,500 > largest gain in $: $2,500 > best post: $1,000 how to enter open a position of $1,000+ notional on an eligible market after oct 26, 15:00 UTC post your tradfi pnl card on x and tag @variational_io submit it in the entry form before oct 30, 15:00 UTC winners will be announced after the competition concludes

two perp dexs at an early stage and without a points program: @QFEX and @entropyIO here's how they look right now, according to defillama qfex: > 30d perp volume - $8.68B > open interest - $177.75M > raised - $9.5M > daily volume is steady, mostly $330-450M on weekdays entropy: > 30d perp volume - $1.48B > open interest - $81.59M > raised - $14M > daily volume is much more uneven, usually $30-60M why the early stage matters there are fewer people, so your size and activity are noticed more for comparison, variational does ~$79B in 30d volume that's about 9x more than qfex and about 55x more than entropy this is how the early stage looks: a small base, so growth shows up fast and you can watch the numbers and decide with data, not hype and without a points program, nothing is promised stick to your own risk-reward these are early projects, so the risk is higher than on the big ones only risk what you're ready to lose ref links: entropy - entropy.io/?r=roky qfex - qfex.com/@r3ae2bf9

i think this is one of the most underrated ways to farm perp dex points you farm @Lighter_xyz points while the trade itself stays in plus and @entropyIO points may count too in the future in the last couple of days you could have caught a couple of gap trades and they could have covered all your costs: fees, funding, everything so the points would have come almost for free, or even with profit you don't need to predict anything the market direction is cancelled out by the hedge all you need is to keep looking for opportunities check the gap between the two dexs on the pairs you already trade when it's too wide or too tight, you have a setup it takes a few minutes a day, and it's a lot cheaper than farming blindly not a guarantee: the gap can keep widening before it narrows, so size small and always count fees and funding first

from «just another points farm» to $340B in perp volume: @variational_io in 10 months dec 2025 - jan 2026 omni points launch traders come in to farm $VAR OI grows from ~$400M to ~$620M in the first weeks many saw another points farm, but behind it was an RFQ-based derivatives platform built to connect traders with liquidity providers february - may OI drops from ~$620M to ~$270M in a few days and then stays in the $300-450M range for months daily volume goes from $1-2B in january to $0.5-1B skeptics ask if the growth was real or just incentives meanwhile variational keeps improving liquidity, spreads and the revenue model sustainable demand is still the real challenge may - june $50M series A led by Dragonfly, Bain Capital Crypto and Coinbase Ventures participate the project expands into RWA markets gold, silver, copper and oil it moves beyond crypto perps toward onchain access to traditional markets OI starts growing again, back to ~$560M in june july - september variational pushes toward 100+ TradFi markets OI keeps climbing from ~$600M in july to ~$800M in august then launches swaps on sep 1 first with $US100 and $XAU swaps process $2.8B in lifetime volume in the first week the platform is turning from a single trading product into a broader derivatives ecosystem october OI hits an ATH of ~$1.14B daily volume spikes to $3.5-4.4B now OI is ~$925M > $339.5B cumulative perp volume (defillama) > 575 markets > $290.88M TVL, excluding OLP hedging accounts > $3.38M net profit over two weeks > $11.08M USDC in treasury the Q3 TGE is pushed to Q4 the team gets more time to build farmers keep waiting for $VAR but the bigger milestone is profitability variational reports more than volume and points what's next in less than a year variational went from a points farming opportunity to a derivatives platform across crypto and traditional markets with real volume, liquidity and reported profits now comes the real test will traders stay when points end can swaps and RWA sustain the growth the airdrop may reward users the numbers after it will show if variational becomes a lasting business

today a buy order for $VAR points appeared at $50 per point for comparison, otc was around $40 at the start of october one thing to keep in mind a bid is not a trade it only shows what someone is ready to pay, not where points actually sell but a few weeks before TGE the market clearly expects more my farming cost per point is around $10 so i'm watching this one closely

adding one more project to my rotation @QFEX 24/7 perps on stocks and commodities why it caught my attention: > no points, no crowd > it's in the top 10 exchanges by OI in RWA perps > only RWA trading here, zero crypto and the founder said they count all activity that's the reason i'm starting now, before there's any program or points there's also a loss refunds program running right now you register and trade at least $100k volume, and for each draw 20% of eligible losing traders get their realised loss for the reward period back, up to $2,000 draws happen every week how i'll trade it: calm and organic, delta-neutral against variational or lighter i haven't decided which one yet, i'll test where the result is better it's an addition to my main three, not a replacement, so i'm keeping the size small, no promises on points, they don't exist yet i'll share what i see after the first weeks ref: qfex.com/@r3ae2bf9

lighter finally put the robinhood chain points program into the docs, so i read it and here's what i took from it points come in two kinds: live points in real time and weekly points every friday both depend on volume, positions you hold and fees paid here's where i see the extra points: > the robinhood wallet mobile boost, up to 2x if you trade from the RH wallet app > the hedge boost, 2.5x on weekly points if you hedge your RH position on lighter core > so a long on RH and a short on core, or the other way around, depending on the market > some markets get their own boosts: earnings, pre-IPO and new listings this is the part that matters most to me, because delta-neutral is exactly what i'm doing anyway, and now it's also what the program pays extra for one more thing from the docs: wash trading and bots can get points removed, so don't try to cheat the system referral program: you get 10% of your referrals' points, and the person you invite gets +10% on weekly points ref: robinhoodchain.lighter.xyz/?…