Points are finally live on @OndoPerps. now it's time for every surviving KOL and sybil to speedrun diluting our bags. I'm done at 100k+ points and ~$2.7k earned. No reason to keep farming. Can't justify burning more fees when I have no idea what the endgame is.

Switched to a more aggressive @OndoPerps farming strategy via @tread_fi this week. Did $3.27M in volume, kept trading PnL+ costs at break-even, and earned $444. Then noticed OndoPerps had removed the TreadFi fee discount. Maker fees are now 3.3bps.

If you're able to push volume on @OndoPerps through @tread_fi like this, you're looking at a pretty good %ROI. Don't forget you're also earning points from both platforms... if they ever decide those points actually matter.

Looks like a major MM has taken over the gold order book on @OndoPerps. Easy volume farming using @tread_fi is probably coming to an end. The book now looks just like on @extendedapp - an absolute nightmare for MMs, but a huge win for traders.

Another week, another batch of rewards from @OndoPerps. $1.35M in volume. Total cost, including trading losses and fees, came to just $290. Worth mentioning that I managed to do that volume basically breakeven thanks to the market-making bot. So if you want Ondo Perps farming to actually be profitable, you probably need at least a Tier 3+ on @tread_fi and a lot of experience running the MM bot. Also, rewards got bumped from 100k to 150k this week. There's also the hidden TreadFi season going on, plus we're stacking Ondo Perps points. I don't really expect a separate Ondo Perps token, but they're clearly cooking something.

$200 for 800k volume. Looks like the easy rewards on @OndoPerps is gone. Volume is growing way faster than rewards. Even with bigger rewards and lower fees, break-even market-making trading through @tread_fi now feels like the best-case outcome.