CL Ventures

crypto aficionado, connoisseur even. Magic Internet coins since 2016.

[LI.FI @lifiprotocol]

Introducing LI.​FI Intents.

Infrastructure for apps, wallets, and neobanks to:
• Enable stablecoin payments
• Access real-world assets
• Tap into compliant onchain liquidity

Built for enterprises bringing financial products onchain.

[Jumper Pass @jumperpass]

$2,500 rewards on offer

LI.​FI Intents is live on Jumper, and you can win a share of $2,500 in @USDC + guaranteed 25 Jumper XP.

To enter the raffle
1. Move $250 in USDC from Base to @arbitrum
2. Use @lifiprotocol Intents route
3. Complete mission tasks

Participate here: https://t.co/4YDvbFTi9h

[KostaWizard 🧙‍♂️ @kostaopinion]

I bull-posted about @superformxyz regularly a couple months ago. It is the only project that I have ever done so for on this account.

This was an unpopular opinion back then. My post about the project and especially my post about the airdrop/tge were the only ones on my profile that ever got serious backlash and were controversial.

$UP is “up” x5 since then.

Sometimes integrity is more important than echoing what is the popular belief, and of course it turns out I was right.

I don’t share projects because I think they will pump, I share them because they have the fundamentals to do so.

Cheers.

[KostaWizard 🧙‍♂️ @kostaopinion]

Another $1000 stimmy from the @superformxyz $UP airdrop claim. Price has performed well, SuperVaults are still attractive, especially if combined with @pendle_fi LP (and sometimes YT if implied is low).

I have over $10k deposited in different flagship SuperVaults. These have also earned me around $500 in $sUP on top of the airdrop, and of course in kind yield.

There is one last claim in a month, I hope airdrop 2 will have a similar allocation since the original 3.6% was just way too low. The project is going for longevity and so far it seems like it is kind of working, at least regarding $UP price performance, TVL has crashed to pre-2025 levels post airdrop but it looks like it hit a bottom and is slowly recovering.

A lot of people were disappointed with the initial airdrop distribution (myself included honestly, based on my exposure this could’ve been a retirement type play), but the post-TGE performance has been quite impressive, especially considering the current market environment.

[KostaWizard 🧙‍♂️ @kostaopinion]

My last tweet was about the @piggybank_fi x @xStocksFi 2-in-1 strategy.

After the @DriftProtocol exploit yesterday, Piggybank had a $106k exposure to Drift. The team quickly reacted and decided to completely cover the losses out of their own pocket.

Not only were they quick to react and communicate their exposure, but them covering the losses shows their confidence and commitment to the product.

This type of behaviour is what you want to look out for when picking projects to get exposure to.

[KostaWizard 🧙‍♂️ @kostaopinion]

10 days have passed since @xStocksFi points went live (important update/alpha).

To-do:
- Add $SPYx deposit to @piggybank_fi for 2-in-1 points and higher APY (s0 ends tomorrow, act fast).

Some thoughts on @piggybank_fi:
- No-brainer if you farm xStocks as its a 2-in-1.
- Higher APY than other lending deposits (7% all-time APY on $SPYx).
- Very early, S1 hasn’t even started yet.

Some thoughts on @xStocksFi points:
- Points boost & GM buttons still have problems, you need to sign multiple times for them to work sometimes.
- Points tracking is still inconsistent. I had to withdraw and redeposit the same asset for points to start counting, so check if you are earning points.

Both @xStocksFi and @piggybank_fi points will likely result in airdrops that are to be seen more as additional APY rather than generational Ws, which is honestly fine for holding stocks and equities. However, both could be extremely profitable if they keep the campaign duration short, an unlikely but not impossible scenario.

Rationally, it makes zero sense to skip the leading player in tokenized stocks and equities right now.

[KostaWizard 🧙‍♂️ @kostaopinion]

Bear markets are where winners are made (airdrop alpha below)

Projects are realizing not everyone is willing to farm everything anymore. But they still need early traction, so campaigns are becoming more generous, honest, and rewarding again.

Airdrop farmers bring:
- Early traction and attention
- Liquidity
- Numbers for fundraising
In a bear market, these are more valuable than ever.

We’re already seeing this trend, here are two new projects running campaigns with much better conditions than what we saw during the bull market:

1. @SierraIsMoney
- $SGT airdrop in Q3
- 30% of the total supply reserved for the points campaign
- 100m points maximum (less than 10m distributed so far)
- TVL went from $5m to $20m since I last mentioned the project 3 weeks ago

Stablecoin (or dollar-denominated) project, not saying this is a guaranteed win, but if this continues to grow, you are very early.

2. @apyx_fi
- Season 1 will run for exactly 12 weeks (or $1b TVL)
- 5% of total supply reserved for season 1 only
- A bit of a larger project which people have called the "Microstrategy of stablecoins"
- TVL is sitting at $68m

Another stablecoin project, smaller airdrop % but larger project with more partnerships and integrations. 5% airdrop of total supply for a 12 week campaign is still good.

Both projects are on @pendle_fi, so you can theoretically farm with leverage through YTs.

Compare these campaigns with most of the projects from last bull market. No info on campaign duration, no info on airdrop %.

The main risks here: TGE delays, projects dying or failing to gain traction, or teams not honouring their promises.

The point of this post isn’t to directly endorse the projects above, but to show you that in a bear market, teams recognize they must incentivize and run more generous airdrop campaigns to survive. Some of these will pay off once market conditions inevitably turn.

[KostaWizard 🧙‍♂️ @kostaopinion]

List of Perp DEX market making bots I'm using right now

1. @tread_fi
- Daily schedule for @ventuals, @Dreamcash & @nadoHQ (low amount, maintenance only)
- If you are looking for bot settings to use, look at the quoted tweet, I will also share an update on improved bot configuration settings soon

2. @arbital_xyz
- Very efficient for @hibachi_xyz
- Cost per $1M vol. ~$100-150
- Could be interesting for @extendedapp and @pacifica_fi but I haven’t tested it yet

3. @farmer_tools
- Currently only for @tradexyz
- Cost per $1M vol. ~$50
- Slowest but the cheapest so far

[KostaWizard 🧙‍♂️ @kostaopinion]

xPoints by @xStocksFi are live. I am posting this a couple of days late since points are still broken for me.

I am earning points from referrals, but my positions on @kamino simply aren’t being tracked. A bit unfortunate tbh, since this is such a high-level project and the execution is a bit subpar. At least they finally fixed the GM and TG signatures, both seem to work now. I hope I will retrospectively get my missing points.

There is also no support, ticket system, or Discord to chat or ask questions. This will probably be introduced in the future, but it should’ve been set up together with the launch of the GTM points campaign, especially considering the amount of errors.

To-do:
- Go to the xPoints site/dashboard and join & connect Telegram for an additional +10% permanent points boost.
- You can come back daily and get 1 point for dropping a GM signature.

The project itself is still extremely bullish, no idea what to expect from the points campaign, but it's one of those products that will get organic traction either way, so it’d be a big mistake to skip this.

[KostaWizard 🧙‍♂️ @kostaopinion]

A lot of my content here is about perp DEXs, niche Pendle plays, how to automate and get an edge. However the largest airdrops left will be the ones you use organically without a points system.

- @tradexyz
- @Polymarket
- @base
- @RelayProtocol
- @lifiprotocol / @jumperapp (yes, Jumper won’t have a token, but LIFI will one day imho)

Even if diluted, the fact that the products are used organically means the tokens will actually be worth something and launch at high valuations. Sentiment around airdrops is poor right now but stay strong.

Trust the process.

[KostaWizard 🧙‍♂️ @kostaopinion]

Only 11 @extendedapp points this week

Total: 1.797,6

Considering the current market environment it is honestly difficult to imagine reaching even $1/point.

According to @Polymarket there is only a 68% chance the token will be above $150M FDV (keep in mind many people are hedging their points, so it might be overly bearish).

Extended is my favourite of the pre-TGE dexes and the only one I can imagine using post-TGE (together with Variational due to the number of listings with high leverage).

I am reducing my activity here and will only run some scheduled market making bots on @tread_fi with the exact settings I shared in the quoted tweet below.

[KostaWizard 🧙‍♂️ @kostaopinion]

I was scouting for some airdrop opportunities on @pendle_fi and I came across these @makinafi pools trading at crazy low implied APYs.

- $DETH at 3.43%
- $DUSD at 5.56%

Both are incentivized with $MAK tokens/airdrop (pre-TGE), based on token incentives and assuming the underlying APYs won't significantly change, here are the FDVs $MAK needs to launch at to breakeven on the YTs (based on 7D trailing underlying APYs).

- $DETH YT -> $MAK TGE at $7.1M FDV for YT to breakeven
- $DUSD YT -> $MAK TGE at $5.3M FDV for YT to breakeven

Context: Makina did a $MAK token sale on @legiondotcc at $70M FDV late last year (x2 oversubscribed). If $MAK launches at $70M YTs would be a x4-5.

Risks:
- $MAK launch was scheduled for Q1 but got delayed to Q2 due to an exploit (most of the funds have been recovered afaik, but still reputational damage & TVL collapsed from $100M -> $35M). Launch at or near the Legion valuation is very unlikely.
- If underlying APY goes to 0 for both pools, $MAK would have to launch at around $20M FDV for breakeven.
- The token never comes out or is so far away it will get heavily diluted and the token incentives calculation from Makina is simply wrong.
- The team backtracks on token incentives or changes the rules.

Not confident in the token/project, definitely happy I didn't participate in the Legion sale, but I think the numbers are good enough for me to open a (very small) YT position. Not expecting a massive W here, but it has solid upside with relatively low downside (launch has to be a Trove-level rug to lose money).

[KostaWizard 🧙‍♂️ @kostaopinion]

Speed reviews of a couple of new/small DeFi projects I’ve been following (Perp DEX related edition)

1. @shiftprotocol_

- Yield & points strategies for perp DEXs incl. @extendedapp, @grvt_io and more
- @pendle_fi market for Extended vault, allowing you to buy Extended points with leverage

Overall: I would love to see more vaults and strategies (Variational etc.). I would also love to see more pendle markets, as well as better predictability for the points earned through strategies (estimation based on past epochs/results). Currently it looks like the YTs for extended will be a loss, I have bought some and earned 27 extended points so far. Shift has its own points program but I don’t expect the token to be large. I wish I would see a bit more and faster development here. I find pendle markets for perp DEX yield/points vaults a cool product.

2. @spreads_fi

- Yield vault with the ability to split between yield and points earning (points up to 50x leverage)
- Ability to passively earn @variational_io, @nadoHQ, @pacifica_fi, @inkonchain points

Overall: I like the product. Only thing I don’t like is the fact that I can’t choose which points I’m farming. It looks like the project is pivoting away to something stocks related and is posting random unrelated news/stock tweets. I’m a bit confused about the strategic choice here and posting random unrelated news stuff is not a good look. The product they have has potential and could grow if they focused more on it. Still interesting and also potentially the only way to get passive exposure of some of the projects here but a bit worried about those weird random stock tweets and the pivot.

3. @arbital_xyz

- Market making bot that supports a couple of unique perp DEXs (@hibachi_xyz & @grvt_io)
- No fees, extremely simple to setup and cost efficient

Overall: I have used the bot to get some Hibachi exposure. I haven't managed to get a bot with a positive PnL yet. However, cost to volume ratio is not very high, and unlike @tread_fi, Arbital actually includes fees in the PnL calculation. There also aren’t many settings to change and overall the product is very simple. No points campaign or anything just a pure mm bot pushing volume on some exchanges that the leading mm bot provider doesn't offer (yet).

4. @mithril_money

- Another market making bot which also offers some other features like delta neutral and copy trading
- Extensive configuration settings

Overall: Honestly I haven’t managed to get it to work & the onboarding (manually entering API keys) is horrible. I think it is just very early. The reason I still included it here is because of the very extensive feature list that in theory could be very valuable in the future.

5. @Nomina

- Best seamless delta neutral bot
- Not updated in a long time

Overall: This seems to be a rebrand of a different project and it is tied to a token which I am not covering or judging here. My issue here is that no new perp DEXs have been added, the only pre-TGE ones are @extendedapp and @tradexyz, and even for these two, many new listings (stocks/equities) on Extended haven’t been updated, so you can only trade the $EUR pair between the two. It's a shame there seems to be little to no development on the platform as the actual product and user experience is pretty good.

Cheers

[KostaWizard 🧙‍♂️ @kostaopinion]

You’re bored of crypto because you’re not doing side quests.

The market is slow right now, but there are plenty of ways to level up and find an edge.

Here are 10 crypto side quests to complete:

- 1. Schedule an email to yourself 1 & 2 years from now describing what you’re bullish on and how you see crypto evolving.
- 2. Make a tier list of all current perp DEXs, compare them, and decide which one you’ll farm.
- 3. Set up a crypto portfolio tracker spreadsheet.
- 4. Research a new ecosystem and explore its key apps.
- 5. Subscribe to high quality newsletters (I recommend @crypto_linn & @thedailydegenhq).
- 6. Create a daily crypto to-do list (e.g. airdrop farming, portfolio tasks).
- 7. Research all crypto cards available and pick the best one for your needs.
- 8. Learn the basics of vibecoding.
- 9. Join (or apply to) an ambassador program for a project you actually like.
- 10. Understand the basics of a more complex DeFi protocol (i.e. @Pendle)

Level up and start questing.

[KostaWizard 🧙‍♂️ @kostaopinion]

I came across this tweet recently outlining a simple @pacifica_fi farming strategy which I will give a try.

You can long/short two gold-indexed assets, creating a delta-neutral position on the same platform.

Strategy:
- Short $GOLD
- Long $PAXG (Paxos Gold)

Keep an eye on the price spread and funding rates. I will also keep running a market-making bot daily (with the settings I have shared in previous tweets) for the points boost.

My Pacifica farming has been very inefficient, I mainly run market-making bots through @tread_fi, but 370k total volume has only yielded me 416 points (my OI is very low).

Inefficiencies like these happen when you automate most farming and spread your focus across multiple projects. I will try this GOLD/PAXG strategy and see if it impacts my points.

[KostaWizard 🧙‍♂️ @kostaopinion]

I just found a market making bot for @hibachi_xyz

Points are boosted 2x for the final stretch this March, so farming now makes perfect sense. My airdrop schedule is packed, so automation is the only way I can get exposure here.

@arbital_xyz offers a simple market making bot which supports Hibachi & GRVT (both not available on Tread). Interested to see the results.

Hibachio

[KostaWizard 🧙‍♂️ @kostaopinion]

@xStocksFi, tokenized stocks and equities partnered with @Nasdaq, just announced a points program. Another must-do task during this slow market that you can’t afford to miss.

To-do:
1. Sign up for the points program with your Solana wallet (link below)
2. Buy some stocks on Jumper or Jupiter on Solana (I will buy $GOOGLx and $NVDAx)
3. Deposit your stocks on @kamino (Borrow page, scroll or filter for xStocks, Supply)

Kamino deposits are also incentivized with USDC rewards (currently 3.44% APY), and you can borrow USDC against your xStocks deposits (also incentivized, so really cheap) if you need liquidity.

You are now farming the future points of the number one project that brings stocks and equities on-chain, partnered with Nasdaq. This is what crypto was made for. Don’t be an idiot and skip this.

[KostaWizard 🧙‍♂️ @kostaopinion]

New projects on @pendle_fi review and their respective airdrop opportunities.

I haven’t seen many talking about these so this should save you some due diligence and help you decide if it’s an airdrop/yield opportunity worth pursuing.

1. @apyx_fi

$apyUSD & $apxUSD pools/YT currently trading at 14% & 9% implied APY respectively. Stablecoin project with points program, season 1 of which will run for 12 weeks (or until 1b TVL lol). Based on a blog post they will allocate 5% of the total $APYX supply to season 1 only.

+ Growing TVL trend, solid tokenomics with no VCs, DAT infrastructure (publicly listed company) giving some sort of USP and legitimacy, 5% of total supply for 12 week campaign confirmed which is above average.
- No fixed points supply distributed per week/epoch so open for massive points inflation, there is no real benefit for being early. Not available for EU countries.

Overall: Somewhat promising because of the short campaign duration with confirmed high supply allocation but could be diluted massively towards the end. Could make sense for a small YT position.

2. @alturax

$AVLT pool/YT currently trading at 17% implied APY, which is actually below the underlying. Vault project on HyperEVM with points program, no info on airdrop instead there is a fixed amount of tokens as incentives (0.5% of total supply) & a bi-weekly pre-TGE token allocation/distribution based on points (YieldRun).

+ Vault Infrastructure and presentation looks solid, high transparency due to @AccountableData, implied APY below underlying APY so technically points are free if APY remains unchanged.
- HyperEVM projects have notoriously bad token valuations and they calculate their incentives and rewards at a $150m valuation (lmao), the points campaign (YieldRun) only has 0.02% of total supply allocated to each epoch (as far as I understand from docs etc.), which is crazy low, the token incentives and campaign rewards only have 30% TGE unlock and then vesting afterwards.

Overall: Currently the only reason to go into YTs here is if we think the implied will stay below or at the underlying APY. Token incentives are insanely low and calculated at absurd valuations. Pass from me, it’s possible that I misunderstood something here and maybe a team member can jump in and correct me if I’m wrong.

3. @SierraIsMoney

$SIERRA pool/YT currently trading at 11% implied APY with an underlying APY of 3.7%. Yield-bearing stablecoin project with yield coming from RWA assets. Points program (Summit program) for $SGT airdrop will conclude in Q3 2026, there is a maximum amount of 100m points that will ever be distributed and a minimum of 30% of the total supply will go towards that program alone.

+ Great airdrop and points program design, overall great transparency also on the protocol level
- The project is still very small with <5m TVL, I’m missing a USP that sets it apart from competition, the program has already been extended from Q2 to Q3 due to limited traction, even if they keep their promise of this being the only and last delay the limited traction is a concern.

Overall: The one thing that could make the campaign better and actually attractive is a fixed amount of points distributed per week/epoch so early depositors have a large advantage while TVL is low, similar to how many perp DEX projects do it (it would also boost their early TVL since people want to get an advantage for being early). The lack of a clear USP and lack of traction is concerning, this could be massively profitable if it grows into a larger project, but currently there aren’t many catalysts that would help the project achieve high growth. Could make sense for a tiny YT position but very high risk.

I hope this provided some value to all the Pendle enjoyers and saved you some time researching. Drop a follow for more campaign reviews, airdrop opportunities, and more.

Pendle.

[KostaWizard 🧙‍♂️ @kostaopinion]

Vacation’s over, back to work!

I will start by refocusing my farming efforts.

Regarding perp DEXs:
- High effort: @extendedapp, @variational_io (mostly manual dn, mainly use @fundingviewapp)
- Medium effort: @etherealdex, @nadoHQ (Ethereal is a bet on @ethena eco comeback, Nado because of Ink)
- Maintenance mode: @pacifica_fi, HIP-3: @tradexyz, @ventuals, @Dreamcash (pushing mm bots daily through @tread_fi, look at my profile for exact configurations)

Miscellaneous regarding perp DEXs:
- Farming some Extended points by holding YTs on @shiftprotocol_ (21.34 so far)
- Will start farming @hibachi_xyz for the next 3 weeks because of 2x points
- Will look into @01Exchange, @Nun0bot airdrop setup

Miscellaneous regarding general:
- Trading organically on @Polymarket
- Always bridging with @jumperapp x @RelayProtocol combo
- Daily @pendle_fi check for potential YT inefficiencies and entries
- Will start pushing some volume on Ink eco besides Nado, though I might be late

[KostaWizard 🧙‍♂️ @kostaopinion]

Current @tread_fi MM Bot airdrop farming rotation:

(For exact bot settings/configuration, check quoted tweet below)

1. @extendedapp
- Last major perp DEX airdrop together with Variational (no API trading yet)

2. @nadoHQ
- Positioning for $INK as well so potentially 2-in-1 and I would still consider this early

3. @pacifica_fi
- Best Solana play rn, but reduced to maintenance mode due to high fees and lack of competitive advantage

4. @tradexyz (HIP-3)
- May never have a token but also pushes HIP-3 volume for future Hyperliquid drop (full speculation)

5. @ventuals (HIP-3)
- Equity perps player, again HIP-3 volume, live points campaign

6. @Dreamcash (HIP-3)
- Mobile focused player, again HIP-3 volume, live points campaign

(Quote tweet contains imo the best all-round bot settings to minimize losses)