Cryptopioid

▫️Airdrop farmer and DeFi enjoyer
▫️Finding the best yields on HyperEVM and Solana
▫️Efficiently earning points across DEXs and Prediction Markets

[Cryptopioid @Cryptopioid]

Optimized Perp DEX Strategy for 2026

Here’s what my strategy is looking like into year end:
▫️Continuing to push volume on Lighter despite TGE approaching (S2 is coming)
▫️Doubling down on Extended <> Variational efforts
▫️Increasing HyENA exposure (BasedApp + Hyperliquid)

Steps and tools to deploy this strategy

Step 1
Start by funding the following platforms with equal parts USDC:
> @extendedapp
> @Lighter_xyz
> @variational_io
> @hyenatrade (spot trade USDC for USDe)

Step 2
Use Loris(.)tools for identifying the best funding arbs to guide your delta-nuetral trades. Be sure to add the four exchanges and favorite the coins shown in the picture at a minimum

This is essentially all you need to guide your entries and exits across the exchanges. Simply refresh the page throughout the day and open or close trades accordingly based on the rates shown

The best coins to trade: $HYPE and $SOL - these generally have thick liquidity while providing significantly more points than just trading BTC and ETH, while typically earning more on funding

Pro tip: Check Loris + trade more frequently if your goal is to push more volume

Step 3 - This is where you take it up a notch

Optimize your entries exits by doing the following:
> Try to “long only” on HyENA to get the full 12% APR bonus on your USDe margin
> Aim to “market only” on Extended as this is the best way to earn points
> On LIghter, switch to Premium Account and use limit orders
> Not many details on the best strategy for Variational yet as results are varying widely - but would perform a mix of maker and taker orders to cover the bases

Optimize your liquidity by:
> Depositing into Extended’s XVS Vault, 75% of notional counts towards trade equity while earning yield
> Depositing into HyENA’s Liquidity Provider Vault (as capacity becomes available)
> Deposit into Variational’s Omni Liquidity Provider Vault (OLP) when it becomes available

Additionally, try to enter a few low OI positions on smaller cap coins and let these positions run throughout 2-3 days minimum

By performing trades across these four platforms you are earning:
▫️$LIT S2 points @ $85/pt OTC
▫️Extended points @ $3/pt OTC
▫️Variational points @ $30/pt (est. assumes 30% airdrop + $1B FDV)
▫️HyENA points + Based Gold + Hyperliquid S3 (maybe)
▫️Variational loss refunds (% chance depends on tier)
▫️HyENA USDe rewards (up to 12% on qualifying long positions)

This is the ultimate perps strategy that I am currenlty deploying myself, feel free to reply with any questions or share your own thoughts - which platform are you most bullish on entering 2026?

[Cryptopioid @Cryptopioid]

@Globalflows Bless you for turning me onto $PURR a couple months ago 🙏

Now let’s push this gamma squeeze higher 🚀

[Cryptopioid @Cryptopioid]

@FabianoSolana Only meme I hold long term is DOGE, all others were trades. Happy to have gotten out of them, but sad to see the charts tbh

[Cryptopioid @Cryptopioid]

@prjx_hl This showed $27 yesterday and today $3. I’ve been waiting to claim my rewards, and don’t see them in my wallet. Thoughts?

[Cryptopioid @Cryptopioid]

@katexbt Still pushing volume on Tread after S1? Anticipating retroactive S2 points?

[Cryptopioid @Cryptopioid]

CashDrop is live on @prjx_hl

Head over there now and start LPing if you haven't yet

[Cryptopioid @Cryptopioid]

@katexbt Not enough to retire, but happy to be along for the ride

[Cryptopioid @Cryptopioid]

@molusol @MeteoraAG Implemented on @HawkFi_ yet?

[Cryptopioid @Cryptopioid]

@someonebuys @HolySmokas Why?

[Cryptopioid @Cryptopioid]

@FabianoSolana @Tessera_PE Where’s Ploymarket?

[Cryptopioid @Cryptopioid]

@NullFUD How does buying ZEC help?

[Cryptopioid @Cryptopioid]

@katexbt Why not during USA trading hours?

[Cryptopioid @Cryptopioid]

@IAM_xBTCx @intodotspace Happening to me currently. Only received a partial refund

[Cryptopioid @Cryptopioid]

@molusol @solana @bulktrade @PhoenixTrade Is this the same phoenix as before? Think they’ll ever reward early users via airdrop?

[Cryptopioid @Cryptopioid]

@Simple1Gains @Khamul999 @OG_Branxi @meritcirclorr @0xasrequired @Dreamcash Same here

[Cryptopioid @Cryptopioid]

@intodotspace @kamino + @intodotspace thats’s a 🔥 collab

[Cryptopioid @Cryptopioid]

@DidiTrading Do you ever use @BasedOneX for Polymarket trades?

[Cryptopioid @Cryptopioid]

@DidiTrading Would be more interested if it was 8% or more

[Cryptopioid @Cryptopioid]

@IncomeSharks Still think $MSTR is good option for sudo-levered BTC exposure?

[Cryptopioid @Cryptopioid]

@BlurCrypto This hits close to home 🥲

[Cryptopioid @Cryptopioid]

@MWunsen @ventuals @tread_fi For real

Tbh I’ve been getting stopped out on mst mm positions this week. Typically aggressive, grid +1. Or rgrid neutral. Nothing seems to be easy at the moment 🙃

[Cryptopioid @Cryptopioid]

Market Making @ventuals with @tread_fi is INCREDIBLY +ev

Last week I had a ran Ventuals position on TreadFi that only went for $1.3k volume

During that period, I was rewarded 10 market making Ventuals points
For reference, I've been earning only 7 points for holding 50 vHYPE

In total, my costs were only $3.21 for the MM position ($0.64 fees + $2.57 pnl)

Assuming $100M FDV + 20% airdrop, we get $1/pt

So, I "earned" $10 for a cost of $3.21, which is 3x net

This week, I am testing to see if this is consistent and scaling with bigger size

Overall, this seems like one of the best farms at the moment. I don't see many other perps farms giving 3x currently, even with delta-neutral Extended <> Variational

Happy treading!