Workshops - Team 'Skill Issue'
Today concludes the first @PlasmaFDN workshops event π₯
I lead team 'Skill Issue' in working on a remittance and stablecoin data hub. We curated data on remittance fees, stablecoins, gas costs and Plasma - presented with appealing visualisations.
Our main page is a 3d globe rich with data π
The countries were coloured to represent the inflation rates, the legend for those colours in the bottom left corner - can be filtered here. This information is always up to date as it's sourced from IMF's API.
The globe also contains information for each country, researched by Fungie and me. This info highlights four categories - Remittances, Stablecoin Adoption, Crypto Adoption and Legal Outlook. Sources are linked below each section.
Then we have a remittance calculator in the top right. Here you can simulate a remittance transfer between countries. You will get back a quote from for a traditional remittance - from Wise API. Below that a Plasma transaction preview, USDT free transfers are not live yet but we will implement those when ready.
We also have a rotation of interesting remittance and stablecoin facts at the bottom of the screen. Live data tabs on the left fetched via different API's.
Other than that I added a UI button to stop the globe rotating in case it was difficult to click the countries - QOL addition.
Note: The videos have low fps due to using the snipping tool for recording, performance is better on the site. Also the best site experience is on a windows PC.
@TxFlow_L1 seems like a good opportunity
β Great delta neutral funding arbitrages between here and Variational, many cases where they have opposing funding rates (neg vs pos). I often get paid enough to cover fees to essentially make trading free.
You can earn 35% APR right now on gold. For $5k leveraged into a $100k position that's 700% APR on your margin, equating to $96 a day in funding.
(Check the screenshot below) - funding rates are paid out hourly
β Has it's own L1 with a shared liquidity layer (250k TPS), a prediction market called @ProblyHQ just launched on here
β Surprisingly good liquidity & spreads for such an early project with no VCs - all self funded
β Good selection of Tradfi assets, although low OI - except for Gold & Silver
β Pre-points, always the best time to push volume and hold OI - team has confirmed points are coming
β Hearing the team will DOX in the coming weeks
β They are running a campaign that is essentially a fee discount, they reward you in 'fee credits' that pay for your next trades
Here's a decent dune dashboard for their stats: https://t.co/CDejdmudMA
If anyone is looking to gain access to Polymarket Perps, I've got a code with 15 uses:
https://t.co/xDhPOPFCc6
The code: 008mt72c
They've tightened up the spread and the fees are reasonable
There are often funding rate arbitrages between different platforms, and they pay all funding out hourly which is unique
You can go delta neutral with another perpetuals platform (Variational for me) and often pay off the fees with funding payments
Polymarket need to increase their asset selection though
Introducing @districtninecap, a collective of crypto power users who are focused on optimized airdrop and yield farming strategies.
We have all spent multiple years in the industry and have deep roots in DeFi, spanning from perps & prediction markets to classic yield farming. Members also secured high 6 figure drops in the NFT era with top leaderboard placements in Magic Eden & Tensor.
Our goal is to find and spotlight top-tier projects early on and educate people about them. We were early supporters of Hyperliquid and Lighter. Our current highest-conviction project is @variational_io, where our small group is about to hit a total of 100,000 points.
Some of us have also worked professionally in this field, bringing VC and industry experience to the table. We bring not only capital provision but deep rooted experience and advice to help develop new projects, with a particular focus on helping bootstrap early stage projects.
We are currently seeking new projects to support, any looking for experienced feedback, support or liquidity provision are welcome to reach out.
Polymarket LP update
I've just hit $5k in liquidity provider rewards
- $3k on my main
- $2k on Stand
Since the Jump news and CT relentlessly posting about it, it's gotten more difficult to earn rewards
However
I am still able to pull in $100+ days with a bit of effort
$104 on my main and around $20-$40 passively on my Stand accounts (I have 2 accounts)
Stand
I highly recommend using @StandDOTtrade for liquidity provision - It's the vibe coded bot you see talked about on X but made by actual developers and all in a website interface
You set your order up in the auto section, -2 will keep it pegged 2 order slots below the mid price (84c in the image)
The order will stay in reward range and earn LP rewards until cancelled or market bought
A good set and forget LP solution
Here are my results so far:
Account 1
Account 2
The LP rewards offset the negative PNL so overall I'm in profit while earning over $2k in LP rewards and generating $600k+ in volume
The best part is there are ZERO fees
You get 5 auto orders per account on Stand but exclusively with my referral code that increases to 10 once you sign up and make a trade:
https://t.co/FbnPyvmr41
The CEO of Stand also stated that they will reward their earliest users
Airdrop
$POLY is projected to start at a $10b FDV
10% for the airdrop ~ $1b
10% of that to liquidity providers who earned rewards ~ $100m
$20m total lp rewards distributed by TGE (Currently $12,931,173 on @PolyReward)
$100m/$20m = $5, so $5 per $1 earned in rewards
This seems like a fair base case estimate and would net me $25,000 for my liquidity provision, not including other metrics (volume, etc)
I don't see any other better opportunities right now than this
Polymarket LP update
I've just hit $5k in liquidity provider rewards
- $3k on my main
- $2k on Stand
Since the Jump news and CT relentlessly posting about it, it's gotten more difficult to earn rewards
However
I am still able to pull in $100+ days with a bit of effort
$104 on my main and around $20-$40 passively on my Stand accounts (I have 2 accounts)
Stand
I highly recommend using @StandDOTtrade for liquidity provision - It's the vibe coded bot you see talked about on X but made by actual developers and all in a website interface
You set your order up in the auto section, -2 will keep it pegged 2 order slots below the mid price (84c in the image)
The order will stay in reward range and earn LP rewards until cancelled or market bought
A good set and forget LP solution
Here are my results so far:
Account 1
Account 2
The LP rewards offset the negative PNL so overall I'm in profit while earning over $2k in LP rewards and generating $600k+ in volume
The best part is there are ZERO fees
You get 5 auto orders per account on Stand but exclusively with my referral code that increases to 10 once you sign up and make a trade:
https://t.co/FbnPyvmr41
The CEO of Stand also stated that they will reward their earliest users
Airdrop
$POLY is projected to start at a $10b FDV
10% for the airdrop ~ $1b
10% of that to liquidity providers who earned rewards ~ $100m
$20m total lp rewards distributed by TGE (Currently $12,931,173 on @PolyReward)
$100m/$20m = $5, so $5 per $1 earned in rewards
This seems like a fair base case estimate and would net me $25,000 for my liquidity provision, not including other metrics (volume, etc)
I don't see any other better opportunities right now than this
How to become a top 1000 Polymarket user
(Within weeks)
I've been providing liquidity on @Polymarket for the past 3 weeks totalling $1481 in rewards
I farmed these rewards using only four figures in capital
This puts me well within the top 1000 liquidity providers on Polymarket ~ $699+ to be within the top 1000
My Setup
These rewards are split among 3 wallets:
- My main wallet (Manual) - $888 - Rank top 1000
Focusing on markets with larger reward pools using a larger amount of capital
- My stand wallet for safer markets (Automated) - $348 - Rank top 1600
Focusing on markets with medium - large reward pools with low volatility, using low 4 figures
- My stand wallet for riskier markets (Automated) - $245 - Rank top 2000
Focusing on markets with lower liquidity that are less contested, using 3 figures
How to earn
Here's the Polymarket overview
'Simply put, the more you help the market by placing good orders, the more rewards you earn!'
The same may be said for the upcoming airdrop
In order to earn you must place a limit order within the spread range, hover over the rewards button and it will highlight the order blocks that are earning
If the market is below a 90:10 ratio you can place an order on any side of the order book to earn, so markets 89:11, 88:12, etc..
If not
You must place an order on each side of the order book to start earning ~ this is the secret sauce they do not mention in the documentation
You may also use the same capital to market make on an unlimited amount of markets ~ more secret sauce
Check your market share and rewards earnt on the rewards tab. If your market share is too low either move the orders closer to the range or abandon the market for better opportunities. You can have unlimited markets but it's difficult to manage a large amount at the same time, cut the bad ones.
Market selection
Choose markets which you do not mind holding shares in, as your orders will inevitably get hit. No matter how much you move them to the outskirts of the spread range, news will drop or a large buyer will come in and fill your order.
I learnt my lesson on the Venezuela markets having left an order open overnight on Stand. One headline from Trump hit my order and nuked my shares, this resulted in a $1k loss for me. Basically I got Turkey'd
The aim of the game is not to become the Thanksgiving Turkey
This is why I prioritise liquidity provision on markets I don't mind holding shares in, once an order is filled simply set a limit sell and continue earning rewards
This also counts towards volume, see it as a positive - I have around $500k in volume from liquidity provision
Waiting for Opportunity
Market making forces you to be extremely active in order to manage your orders, so its best to focus on it when you see an opportunity
For instance market making the Mamdani market when the rewards were increased to the thousands yielded me $100+ per day, I could hide my orders behind large liquidity blocks and not get hit
The wise camel saw an opportunity with the Uni Cup markets and made $430 in one day π€―
https://t.co/nJfiNzZOpu
You can earn a significant amount if you lock in on a good markets
Stand
@StandDOTtrade have a great feature that allows you to automate orders
https://t.co/1y59Gh9ZLd
This keeps them pegged at the level you choose from the midpoint
Essentially keeping your capital earning rewards without being hit, although your orders will inevitably be purchased by large buyers
This is a great way to earn rewards with much less effort, no need to sit at your PC manually moving orders all day
I use a smaller amount of capital as I aim to keep this running 24/7 and I can't be at the PC all the time to sell shares when my orders are hit
Future rewards
The rewards are a great bonus but come with great risk
If you price in a $POLY airdrop at a conservative price of $10 per $1 in rewards the R/R is certainly worth it
Napkin Math:
$20 Billion FDV, 10% airdrop ($2 Billion), 10% of the airdrop to LPs ($200 Million), $20 million total lp rewards (currently $11.5 million), $200m/$20m = $10
I can see the liquidity rewards being greater post airdrop as they can seed the markets with $POLY incentives & $USDC
Other good liquidity providers:
@Khamul999@DoubleYuB@CryptoBC4@xbtRen@DannyT1502
@TycoonPal Split between
Volume, Rebates, Holding time, TVL, markets traded, UMA voters
and other stuff
I think it would be weighted more towards LP & volume
It's just an estimate, I don't think they will flat out reward an amount per $1 rewarded. It probably wont be completely linear either.
I think they will reward accounts that have a combination of metrics the most (LP rewards, Vol, TVL, Markets traded, hold time, etc)
Got to motivate myself to keep earning rewards with some napkin math
Polymarket LP update
I've just hit $5k in liquidity provider rewards
- $3k on my main
- $2k on Stand
Since the Jump news and CT relentlessly posting about it, it's gotten more difficult to earn rewards
However
I am still able to pull in $100+ days with a bit of effort
$104 on my main and around $20-$40 passively on my Stand accounts (I have 2 accounts)
Stand
I highly recommend using @StandDOTtrade for liquidity provision - It's the vibe coded bot you see talked about on X but made by actual developers and all in a website interface
You set your order up in the auto section, -2 will keep it pegged 2 order slots below the mid price (84c in the image)
The order will stay in reward range and earn LP rewards until cancelled or market bought
A good set and forget LP solution
Here are my results so far:
Account 1
Account 2
The LP rewards offset the negative PNL so overall I'm in profit while earning over $2k in LP rewards and generating $600k+ in volume
The best part is there are ZERO fees
You get 5 auto orders per account on Stand but exclusively with my referral code that increases to 10 once you sign up and make a trade:
https://t.co/FbnPyvmr41
The CEO of Stand also stated that they will reward their earliest users
Airdrop
$POLY is projected to start at a $10b FDV
10% for the airdrop ~ $1b
10% of that to liquidity providers who earned rewards ~ $100m
$20m total lp rewards distributed by TGE (Currently $12,931,173 on @PolyReward)
$100m/$20m = $5, so $5 per $1 earned in rewards
This seems like a fair base case estimate and would net me $25,000 for my liquidity provision, not including other metrics (volume, etc)
I don't see any other better opportunities right now than this