This week on Variational: 38.79 points and $1.20M in volume. Seems OI and Volume matter equally and DNing across perps instead of DNing on XAU/PAXG on Vari (thus increasing volatility in your Var account) helps with points. Happy w results!!
They were quick to reward Variational points for the competition!
PnL doesn't matter here since I was DN with Ondo perps, and 1.15M volume for 8.5 points. Consensus is around 8 points per 1M volume it seems like.
Super happy with the results; Ondo helps me keep costs low.
With additional expected cash from Vari, Extended, and Propr TGEs, I've been paying attention to other airdrops that I can look for.
Interested in @arcus_xyz and would love a referral code I can use.
Let me know if anyone has one for the perp waitlist!
Figuring out the points formula for Variational:
Around 70k OI gets you 4.37 points if you don't put in any trades. I put in barely any volume this week (around 305k).
I know what to do from here now. Hopefully higher points next week!
@LekimXBT@ProprXYZ are you worried about dilution? i feel like if TGE gets pushed back it can significantly decrease the value of our points. expecting 70 million points for now though.
https://t.co/mA5e8olgII
1558 points on Propr this week. 3M points distributed.
Assuming a total of 70 million points distributed, this should be worth $84 at $17.5M FDV, $200 at $45M FDV, and $384 at $80M FDV.
$17.5M FDV is a guarantee, so the account I bought for $50 is free this week.
15.6 points on Variational for around 750k volume and around 65k OI.
I feel like OI matters more than volume. Experimenting this week by letting my trades sit for the whole week as opposed to pushing volume.
We'll see how it goes.
15.6 points on Variational for around 750k volume and around 65k OI.
I feel like OI matters more than volume. Experimenting this week by letting my trades sit for the whole week as opposed to pushing volume.
We'll see how it goes.
1558 points on Propr this week. 3M points distributed.
Assuming a total of 70 million points distributed, this should be worth $84 at $17.5M FDV, $200 at $45M FDV, and $384 at $80M FDV.
$17.5M FDV is a guarantee, so the account I bought for $50 is free this week.
@LekimXBT@ProprXYZ Nice, Propr has been generous with their points so far for me too. Have you been using @get_truenorth to confirm your trade ideas? I don't think it's great to outsource your trades to it, but it's a really good confluence tool.