Brothers, today made $30,000 in profits, totaling $213,000, adding a little to set a Xiaomi YU7

Actually, I could have earned more in the past two days, but unfortunately, I was late to claim the MYX airdrop, which reduced profits by nearly 50%. Today, I really couldn't hold back any longer, so I recorded how I have been trading on the MYX exchange for nearly a year:

Stage One (2024 small-scale testing, starting with 500U, discovering MYX profit opportunities):

Capital trial and error staking hedging: exchanged 500U for MYX (0.65U/piece, 769 pieces), staked 700 pieces (7 days, annualized 100%), while opening a short position equivalent to 700 pieces (10x leverage) for hedging. After 7 days, I gained 13.5 pieces in dividends (8.8U), with a loss of 2U on the short position, netting a profit of 6.8U. [At this point, I found this hedging profit to be very good]

+ Manual trading (Xuanwu airdrop): remaining 69 pieces with thin orders (buy price 0.649U, sell price 0.651U), daily trading volume 300U, earning 300 points/day (100 points = 1 piece). Accumulated 2100 points over 7 days (2.1 pieces), rebate of 55U, total assets increased to 620U.

Lesson: Manual trading is inefficient and needs to be automated with scripts.

Stage Two: Scale explosion, using technology to change the profit model

Multiple accounts trading:

Main account: 600U staked for 7 days (923 pieces), hedging (testing with multiple accounts);

Sub accounts 1-2: each 110U (169 pieces), using scripts for automated trading (daily trading volume 10,000U, 1000 points/day);

Manual sub accounts with daily trading volume of 3000U each, 300 points/day.

Testnet airdrop:

3 testnet accounts running scripts to earn genesis points:

Trading 100 times a day, providing 200U of test currency liquidity, inviting 57 people for rebates;

Accumulated 45,000 points (mainnet 1:80 exchange rate, expecting 360 pieces of MYX).

Stage Three: In fact, I originally had nearly 60,000U, but the MYX coin price fluctuated too much! On July 4th, the testnet points were airdropped early at a rate of 1:90, selling on Binance for 30,000U;

Summarizing a year's experience with MYX:

1. Hedging is essential: staking without hedging = running naked, reserve 20% margin for short positions;

2. Airdrop bonus period is only 72 hours: the exchange rate for points is highest in the first 3 days before the mainnet goes live, exceeding the deadline will devalue by over 50%; #MYXFinance引领BSC链上永续未来