Previously, @variational_io lost 7k by blindly placing orders before the loss rebate program was available. I took a break for a while, and continued trading after the loss rebate program was introduced. On October 11th, because I was manually trading, all my 2x orders were liquidated, resulting in another 10k loss. In total, I lost 17k points but only gained 1.46k points. This cost was quite high, but Teacher Xiaoxiong estimated it at 23u per point, and Teacher Linshan estimated it at 30-60u per point, which should cover most of it.
Although their estimates are optimistic (and I think they're not optimistic enough), it reminds me of when I lost 1000u on a HyperLiquid account, but received an airdrop of 320 Hype. Now, even with the price drop, that account still has over 7000u, which is very comfortable.
However, projects that can recover from a liquidation through airdrops are always in the minority. In the early days of Lighter and EdgeX, when there were fewer players and it was easier to get points, there was a chance to recover from a liquidation. This is definitely not possible later on.
Perpdex itself carries high risk, so I've always focused on recommending VAR projects, which inherently allow you to make money.
The ROI of this project is the closest to hype among these projects currently, because the total number of active users is less than 30,000, with an actual daily active address count of 4,000, which is roughly the level of EdgeX at the beginning of the year. Some people talk about FOMO, but I haven't felt any FOMO at all; there really aren't many users.
Maestro is currently in first place with 27,000 points. Ape Bro is the first to reach Diamond level, and while he hasn't shared his results yet, he'll likely have a substantial amount from his earnings.
My own points are indeed not high; it's been all hype and little substance. I originally planned to heavily invest in Variational to close out my position, but now my position size is insufficient. I need to reflect on this.
Initially, in May and June, a code only required a trading volume of 0.25 million, then 0.5 million, then 1 million, but I kept delaying and didn't aggressively trade. Then, after the losses were recovered and the system was implemented, I dared to invest. Actually, I had some understanding of this, but my arbitrage skills were too poor. There were actually more opportunities back then. I still have a few accounts open for 1x trading, mainly because Hype is currently too cost-effective. All my positions are allocated to Hype, leaving little capital for arbitrage, which is a real shame. I might regret it later; my execution has been hampered by my own preferences.
My current strategy is to slowly accumulate subsidies to try and recover my previous losses. There's still a long way to go, given my low manual trading frequency and relatively low volume, though I've still earned several hundred points each time.
I've mentioned manual trading many times; there's no need for high-frequency scripts or instant-on/off trading. Manual trading is fine; less trading means fewer mistakes. If you haven't earned enough points yet, don't worry, there will be many more opportunities to make money later. Keep going with OLP and other products; persistence pays off.
Finally, here's a code with VIP access (OMNIGUHE) omni.variational.io/?ref=OMNIG...
