Lossless brushing is actually very simple. The main tool used is the $BLUE / $USDC trading pair from the recently launched Alpha's bluefinapp.
Today, it suddenly became lossless for an important reason: last night, the project team added nearly 1M in funds to open a new LP pool, and the transaction fee has dropped to 0.001%, which is basically negligible.
Step 1:
You need to first deposit some $SUI into your Binance wallet as gas, and also transfer the $USDC you intend to use for brushing onto the $SUI chain, for example, $2000.
Step 2:
On the wallet page, find the Alpha section, click 'See More', enter Blue in the search box, and click 'Buy'.
Step 3:
Start buying and selling. After multiple tests, buying and selling instantly with $2000 results in basically no loss. This morning I got lazy and tested a $5000 transaction, with 7 trades resulting in a total loss of about $1.8.
Q: Why can't I operate directly in the Alpha section of CEX?
A: Currently, the Blue in the Binance App does not support market orders, only limit orders, which greatly affects trading speed and is easily influenced by price fluctuations. Only direct operations on the Sui chain in the wallet are at market price and can be executed quickly.
Q: Why does the price difference sometimes get large?
A: Occasionally, during testing, there may be delays in wallet balance updates, so after buying, you cannot sell immediately, resulting in exposure to price fluctuations. It is recommended to find times when there are fewer people brushing. As long as you buy and sell immediately, theoretically, there should be no loss.
Q: Why is the loss much smaller compared to other trading pairs?
A: Because the transaction fees for other pools were at most 0.1%, while last night bluefinapp directly engaged in strategic competition, adjusting the fees to 0.001%, which is practically negligible. This kind of competition is simply too welcome, hahaha 🤣🤣🤣
In addition, there is currently a trading event for $Blue. The first 8000 participants can each grab 675 $Blue, which at the current price is $68, so it's really a win-win situation 😂😂
Sharing complete, I hope this helps those who supported with a '1' today.
One last reminder: since this pool was just added last night, I will only be able to see the scores tomorrow. I originally planned to wait until tomorrow to see the scores before talking, but I couldn't resist sharing this first; I hope nothing goes wrong.
Those who seek stability can wait for me to see the scores before trying tomorrow.
