I don't say this often but @QFEX might be the most slept-on early account you can make right now
flow traders. tower research. citadel. cambridge maths.
YC. general catalyst. paul graham personally.
$80M open interest. no token. no points program announced.
the CEO has written publicly that "post HL, airdrops and points are now de rigueur" and the official account keeps replying ๐ under every airdrop thread
140 markets: US stocks, indices, commodities, FX. perpetuals. 24/7. USDC margin. no broker.
this is not another perp DEX clone. the founders spent years inside the actual market structure they're disrupting
register, make a few organic trades across different markets, keep a record. that's the whole play
points come -> you're positioned
token follows -> you were early
neither happens -> you didn't blow fees farming a ghost
code: [WKTHNCW0, ZB3KTHGG, PZFKHR2Z]
Ok two things can be true at once
BTC got wicked up to 89k, a bunch of longs/shorts got liquidated in the ADL, trading had to pause. for a mainnet that's been in the works for a long time, that's not a great first impression. you don't get a redo on week one
but the response is genuinely one of the better ones I've seen. made every affected wallet whole, added a 10% bonus on top, $231,401.26 paid out across 385 wallets, before trading even resumed. no vague "we're investigating," no silence, just the exact number and a fix
so - mainnet readiness, questionable. crisis handling, actually really good. most teams take days to even acknowledge a hit like this, let alone pay it back with interest same day
still going to be watching how the upgrade holds up before I size back up. codes still open if you want to see it firsthand
invite code:
BULK-G92-QPV
BULK-2SE-VJH
Users affected by yesterday's ADL events have been made whole
Weโve added a 10% bonus on top to show appreciation to our early traders ๐ค
We distributed a total of $231,401.26 across 385 wallets
Trading will resume after the upgrade has completed, stay tuned!
I don't say this often but funding rate farming across these three is quietly one of the cleanest free-money setups right now
the play: take opposite-side positions on the same asset across two exchanges when funding diverges hard. you collect the funding spread, exposure nets out close to delta neutral, and you rack up points on both sides for capital you were going to deploy anyway
50-100% APY is realistic and stable if you're rotating into the fattest spreads instead of sitting in one pair. and the exit is built in - when the funding gap closes, that convergence itself is where you bank the spread. you're getting paid on the way in and on the way out
point is free. the only cost is fees and a bit of basis risk if the hedge isn't perfect
@QFEX - founded by ex-Citadel/Tower Research quants out of YC, 24/7 leveraged trading on US equities, commodities and FX with no broker. funding here can get genuinely dislocated since it's pricing real-world assets against crypto-native liquidity - that's where the fat spreads show up
@risextrade - fully onchain CLOB perps on their own L2, 1ms updates, backed by Galaxy Ventures with Vitalik as an angel. deep enough books that you can actually size into the farm without blowing through slippage
@TxFlow_L1 - perp DEX built as the first "channel" on a shared-liquidity L1, fully onchain CLOB with no bridging. newer, so funding swings wider and more often - good for whoever's watching the screener daily
and if you want a fourth leg: @bulktrade just went live on mainnet, invite-only, team is ex-FTX/dYdX/Pyth/Solana Labs, $8M seed from 6th Man + Robot Ventures. 5-20ms execution and portfolio-level risk means funding here reacts faster than anywhere else on this list - spreads open and close quicker, so it's the one to check first if you're farming intraday
register on all, hedge the pairs where spread is fattest, keep a record of your fills. that's the whole play
points come -> you farmed for free
some come with yield too -> you got paid to wait
nothing comes -> you still hedged, still kept your capital working, still banked the spread
I don't say this often but @bulktrade might be the most slept-on mainnet launch happening right now
ex-FTX. ex-dYdX. ex-Pyth. ex-Solana Labs. $8M seed led by 6th Man Ventures and Robot Ventures. Jump Crypto, Solana Ventures, Archetype also in. $25M+ pre-deposit TVL before mainnet even opened
everyone else building a perp DEX lists some RWAs and calls it "TradFi onchain" - Bulk actually ported the mechanics hedge funds have run on major exchanges for decades
5-20ms execution on open and close. Lighter runs 200-300ms standard, 140ms premium. not the same category
no single sequencer - nobody controls tx ordering. fair ordering that kills MEV. liquidations and margin calculated on the whole portfolio, not position by position. risk engine adjusting in real time for volatility and correlation
mainnet is live. invite-only. this is not a "sign up and wait" situation
register, place a few real trades across different markets, keep a record. that's the whole play
execution edge is real -> you noticed early
points/airdrop eventually -> you were positioned
neither happens -> you still traded on infra that's faster than anything else live
code:
BULK-6HM-CNU
BULK-64N-Y3J
BULK-G92-QPV
BULK-7FM-NXX
BULK-DTS-ZTK
BULK-QMU-R2M
BULK-2SE-VJH
small account, so Iโm just going to share this one with the people who actually read my posts
I think QFEX is one of the more interesting early-stage setups Iโve come across lately
not because of some shiny token narrative
because of whoโs behind it
YC
General Catalyst
Flow Traders
Tower Research
Citadel
Paul Graham
and the product is already live
140+ markets across stocks, indices, commodities & FX
24/7 perpetuals
USDC margin
$80M+ open interest
the part I really like:
thereโs no token
no points
no farming campaign screaming for attention
just a serious product being built by people who actually understand market structure
Iโd rather get familiar with something like this before CT decides itโs the next big thing
if youโre looking for early projects worth putting on the radar, @QFEX is one of mine