After "A Simple Comparison, Evaluation, and Event Introduction of the New Batch of Perpdex and New Exchanges", today I will report on my scoring in these projects and list other projects that can be scored.
First, let's talk about executable strategies. I personally only shifted part of my trading demand from bn ok to these new exchanges, so I didn't specifically score.
However, for normal scoring, it is recommended to cross-exchange score; the specific operational principles are:
- Principle 1: Short in areas with good depth, and long in areas with poor depth.
- Principle 2: Pay attention to equal amounts when scoring the same cryptocurrency; if you don't want to trade, stick to arbitrage.
- Principle 3: Don't put all your eggs in one basket; try to control each perpdex and exchange to within several tens of thousands of U to avoid capital loss in a bear market.
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Progress and new project report this week:
1️⃣ @Backpack scored more than 20,000 in two weeks, with transaction fee loss around 1600 U.
- Since I opened some orders for self-trading, I will disregard the cost, but I think controlling cost is necessary because I don't know if it is due to compliance reasons; the market depth really is a bit poor.
- It actually doesn't feel that competitive; the 80/20 effect is severe, and there aren't as many top users as I imagined.
Link:
https://t.co/W4itlBeke7
2️⃣ @Ourbit_Official scored around 300,000 coins in two weeks and has already become a major client of the new exchange.
- The platform token meme is pegged to Hyperliquid's $PURR, which will have its TGE on 4/20 [tomorrow].
- Specific platform token rules are unknown.
Link:
https://t.co/sZEHt289mP
3️⃣ @edgeX_exchange has only done a few tests, starting research next week.
- It is said that a relatively mature mobile client can be used, meeting the demand for contract PVP anytime, anywhere.
Link:
https://t.co/pQhDTcdhNZ
4️⃣ @etherealdex is still saving money, currently ranked 2000, and should be the most competitive saving + perp protocol.
- I heard that some people can already conduct perp internal testing; is there anyone knowledgeable here?
Link:
https://t.co/dHl0fK9As4
5️⃣ @Lighter_xyz is still in the internal testing phase. My trading volume over the past two weeks is around 10 million, with 750+ points.
- It is noticeably more competitive this week than last week; the volume/points ratio is much higher. Last Wednesday, the score was released with a trading volume of over 2 million, approaching 400 points; this Wednesday, a trading volume of over 3 million only garnered slightly over 300 points.
- The invitation code is very limited; I won't publicly share it. Friends who want to score can DM me; I only have two...
Project background:
- Andreessen Horowitz (a16z) & Lightspeed Venture invested.
- Founder @vnovakovski has a background including: @cognition_labs, @modal_labs, @FabricCrypto.
Events and scoring mechanism:
- Points are released every Wednesday, and users who meet certain point thresholds can obtain 3 invitation codes.
- Points are derived from trading volume, OI, and trading Sharpe ratios, and the rules are relatively opaque.
Risk points:
- There was a previous attack incident on LLP; due to the limited range of the attack, it did not have a significant impact.
- Some community members have reported issues with withdrawal cards.
- Some mechanisms and documentation, according to technical feedback, are also quite opaque and not sufficiently clear.
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Finally, let's return to Principle 3: Don't put all your eggs in one basket; try to control each perpdex and exchange to within several tens of thousands of U to avoid capital loss in a bear market.
In a bear market, capital is the most important, and currently, most perpdex on the market essentially preserve funds in a centralized funding withdrawal form. Therefore, I have included CEX as well. Considering the principle of prioritizing capital, controlling risk is the most important awareness for preserving living power in a bear market, but the cake of perpdex and new CEX is also worth betting with small funds:
- How to play with small funds: purely score transaction fees, go in with high leverage until the transaction fee loss is complete; costs will certainly be relatively high.
In conclusion, everyone needs to find their own suitable strategy, risk preference, and cost control plan. The considerations for different funds determine which plans and strategies should be the core.
Here is a comparison from a previous issue: