Thekillingfield

Psychedelic Metal from Ontario Canada since 2005

[Thekillingfield @thekillingfield]

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[Monad Media @MediaMonad]

In the midst of this WILD market,

Here’s a recap of Pingu Exchange’s on-chain statistics on the @monad_xyz testnet so far:

900,673,975 $MON total volume, including LSTs' volume from @0xFastLane, @apr_labs, @kintsu and @MagmaStaking.

Record breaking daily volume yesterday hitting 17,942,249 $MON

Open Interest oscillating between 2-3M $MON over the past month.

Now let's talk about Pingu POOLING, the MONey printing machine:

Main $MON pool (size 830k):
- Fee APY of 92.3%
- Total APY including traders' PnL of 217.1%
- Current Buffer size of 235k MON against a 92k trader's unrealized PnL

This is a result of:
- Total Traders' PnL: -230,173 $MON
- Total fees to poolers: 303,164 $MON

Max drawdown: -15%
Max drawdown since v2 design (start date 22/05): 0%

Currently ranked #3 across all categories by daily $MON volume on @nad_radar, and #1 of all live Perp DEXes.

The protocol just works, and it shows.