If new perps dex, I’d run 4 month s1 and give 15%. Be super transparent, run it quick, anti 18 month TGEs. Pump marketing. Aim for $200m daily volume. Break the trend of 18 month season 1s.

Congrats to the team @extendedapp Glad to be on @arc with Circle Excited for more European partnerships Now hoping for 35% airdrop at TGE in November, plus an $arc airdrop too. Do the right thing, reward early users 🤞🤞

Week 2 @arcus_xyz: * 21 points (42 total) * $60k vol, $75k OI this week (all RWA) * Same points as last week when I had only $20k vol, $20k OI * Def more total OI this week than last making it harder Still going a bit slow, but glad with how overall platform vol/oi has held up. Will continue to ramp up usage.

My version of: Value per Point as of Oct 2026 @variational_io: $50 ($100 upside) @arcus_xyz: $0+ @xStocksFi: No tge @Lighter_xyz: $10 @bulktrade: $0+ @perpltrade: No tge @extendedapp: $1.80 ($3.60 upside) @OndoPerps: No token airdrop @risextrade: $0+ @pacifica_fi: $0.2 @TxFlow_L1: $0+ @QFEX: $0+ Notes: * Vari: tge soon; vol/OI #2; ~$2b fdv * Arcus: too early; good vol, may cook * xStocks: zero communication * Lighter: 6 months; 100k a week; lit > $3 * Bulk: too early * Perpl: no volume; won’t tge * Extended: $500 fdv; 25%ish; 70m pts * Ondo: zero communication; past points campaigns paid in usdc * Risex: too early; no fees?; may cook * Pacifica: $500 fdv; 25%ish; 550m pts * Txflow: way too early * Qfex: way too early And of the ones that are early 75% will not tge.

Deposited $1k into @papertrade_xyz. My basic strategy (which is beta): - Delta neutral same pair on paper - ~5x leverage - Close periodically & reopen on 1%+ move - Pay profit tax Medium term may use to farm funding b/c funding = 0. But only if LP proves to be solvent. Seems like everyone will do something similar or just 1000x lev and lose money. Hope being early tomorrow is helpful. Mostly for fun, doubt I'll make much if anything.

Week on @variational_io: * 221 points * $62m vol, only swaps * $2m OI, 1/2 swaps Doubled my vol but got 40% fewer points. Tough week.

Week 1 @arcus_xyz: * 21 points * $20k vol, $20k OI * Took it easy to test * Play is RWA + OI Happy with results with such low vol. Will start to push soon. https://t.co/E9RscwKNSN

+380 points this week @variational_io. * $28M vol, only swaps * $2.0M OI, 1/2 swaps * Spread net of funding cost $1k Knew I was burning a bit this week, but vol was necessary plus OI to get points. Glad with results.

Most common response to my farming thread: Why not @arcus_xyz? * Had fomo, so got access and did $1.1M vol * Burnt $200 playing around, so was dumb vol * Product is sleek - very solid UI + RH partnership * Today's vol at $500M (guess many had fomo) My likely strategy going forward: * Dn RWA with their low funding rates of 4.15% (seem stable too) * Focus on OI, vol much higher than OI * Be maker for 0% fee * Long on Arcus, short on Ondo (6.5%) or Pacifica (11%) and leave open Def a late 2027 play, so no need to rush.

First week @OndoPerps: * 5,688 points * $227 usdc reward * $375k vol / $450k avg OI * Mostly RWA perps Started using for the weekly usdc rewards. Will leave positions open and farm off OI. Prob use usdc to do vol on Variational.