MADzy

watching markets like galaxies
funding arb • airdrops • prediction markets • onchain exploration
searching for inefficiencies in the dark

[MADzy @MADzy_perp]

@variational_lvs gVAR

[MADzy @MADzy_perp]

With the XTEN TGE coming in November, I decided to check if I have any points.

Never really farmed it, just used it sometimes for delta neutral plays with other venues.
Free cashback is nice of course, but who actually chooses Extended for trading over Hyperliquid / Variational / Lighter, and why?

Extended community, I’d really appreciate your thoughts.

[MADzy @MADzy_perp]

Now you can trade Extended premarket on Lighter

Sitting at ~$330M FDV right now
Meanwhile Polymarket only gives XTEN a 33% chance to beat it one day after launch
Might be a good opportunity to hedge...

[Lighter @Lighter_xyz]

New perp listing! You can now trade $XTEN on Lighter Core at 5x leverage.

[MADzy @MADzy_perp]

@WatcherGuru crazy take before IPO

[MADzy @MADzy_perp]

@taiyoo @grok Variational is #1, as it should be

[MADzy @MADzy_perp]

@0xTria kyc for claiming perp dex airdrop would be crazy

[MADzy @MADzy_perp]

@wavymaverick I think the quantum resistance hype and STRK’s potential L1 migration can help, but right now I wouldn’t buy it even on spot.

[MADzy @MADzy_perp]

Starknet (ethereum:0xca14007eff0db1f8135f4c25b34de49ab0d42766 ) is down ~65% in the last two weeks
and I think it's going much lower...

TVL downfall : Extended (the leading perp DEX) fully migrated off Starknet to Circle’s Arc chain, taking roughly $120M in TVL with it. Starknet’s DeFi TVL collapsed from ~$158M to ~$42M (a drop of about 73%) in a single day.

Ongoing supply pressure: monthly unlocks of ~127M STRK (core early contributors + investors) continue through March 2027

Fees and Revenue : The chain itself now earns under $1k a day in fees (~$720–730). That’s genuinely funny considering its ~$340M market cap

Would you buy this type of chart or short it to zero?

[MADzy @MADzy_perp]

@MrButlerhl @arcus_xyz @QFEX good job
Arcus really have pretty stable funding rates so it's nice for DN

[DEGEN NEWS @DegenerateNews]

NEW: @Grayscale SPOT $ZEC ETF POSTS 4 STRAIGHT DAYS OF INFLOWS, TOTALING $51.5M

SOURCE: https://t.co/J074UIjeoy

[MADzy @MADzy_perp]

You can farm @arcus_xyz at zero cost, earn funding, and get a share of the $10K weekly prize pool

Here’s what you need to do:

> Open a delta-neutral position on @arcus_xyz and @PhoenixTrade
> Collect funding while competing in Frontier Traders Season 1
> Focus on the PnL competition on Frontier so your funding income can cover your costs
> Farm free Arcus points while potentially making some extra profit

Some juicy numbers :
1. Right now, you only need $1K in PnL on Phoenix to win $400, with the weekly competition ending in just 3 days

2. SOL funding is currently at 0.0036% per hour, and there’s also a spread that could help cover your fees.

3. Arcus heavily rewards OI and holding time, so this could be a win-win situation.

Hope this helps! Like and follow for more content like this.

[MADzy @MADzy_perp]

Weekly @variational_io points update:

Got 7.5 points with around $500K in volume and zero costs by doing DN with @arcus_xyz

There’s still time to secure a bigger airdrop, so I’ll keep farming Variational points until the very end.

[MADzy @MADzy_perp]

Lately I’ve been using @variational_io with @arcus_xyz and you can actually farm some free points across both venues

Funding rates on Arcus are pretty predictable and there are usually some nice spread opportunities

Here's the example on near:native today:

Variational : Entry price - 4.6636, funding APR (-10.7%)
Arcus : Entry price - $4.672, funding APR (77%)
spread = 0.1801% ( positive)

So right now might be one of the best opportunities to farm some free points on Arcus and Vari

VAR season incoming...

[MADzy @MADzy_perp]

I have no affiliation with any memecoin project
Don't believe these scammer kids

[MADzy @MADzy_perp]

so this guy @MidTermDev is coming in my dms with this and than calling me out for being a dev of another shitty project
You better be cautious with this scammer kid
https://t.co/l0aiyinrVM

[MADzy @MADzy_perp]

@aadityamehraa Thanks for the feedback. Yeah, I’ll check out some UCL stats to find a few inefficiencies and make a post about them later

[MADzy @MADzy_perp]

Played out exactly as predicted
Easy +33% on the deposit
GGs

[MADzy @MADzy_perp]

https://t.co/4j5wHB9g2M

[MADzy @MADzy_perp]

BREAKING: @OndoPerps has been down for more than 25 minutes.
You can’t use the exchange or manage your open positions right now.
Not a good look for a perp DEX at all

[MADzy @MADzy_perp]

@PhoenixTrade Great opportunity to earn some rewards
Jump in using my code: D6K1UQKW

[MADzy @MADzy_perp]

You really don't wanna miss this amazing campaing on @PhoenixTrade with $420k in rewards.

Some juicy numbers
Phoenix distributes 40% less per week than Ondo Perps, while Ondo currently has 33x more daily volume and nearly 9x more open interest.

> Phoenix Flight Club distributes 420,000 USDC over 4 weeks with 15,000 USDC paid daily

> Rewards are based on trading, holding open positions, referring traders, and consistent use

> Daily rewards calculated at 19:00 UTC and distributed in USDC with no vesting or lockups

> Phoenix offers 24/7 equity and commodity perps, low fees, and fully on-chain orderbook on Solana

> Flight Club runs July 27 through August 23 as the first of planned initiatives

Great opportunity for funding arbitrage while earning rewards

Get in using my code : D6K1UQKW