Moonlit 明月

Just remembered what we discussed with @0xjawor last week... It depends on your goals, but if you want different results, you have to do things differently. You can't find perfect balance and prosper in every aspect of life. For example, I combine the gym, work, university, and playing piano. And I do want to get really good at piano. I also want to learn how to play on drums and guitar. But I allocate less than 4 hours a week to practicing piano. Will I get good at it at this rate? No. And I believe the same applies to trading, or any other area of life.

My updated perp farming tier list. Variational and Lighter RH remain my highest-conviction picks. RISEx is moving up my priorities, while Arcus and Entropy are getting less of my capital and attention. Here’s what changed and how I’m looking at the numbers. S: Variational / Lighter RH A: RISEx / TxFlow B: Arcus / Entropy 1. @variational_io | S Still my first choice, with the clearest upside in my view. The farming costs I’m seeing are around $8–10 per point, versus OTC valuations around $40. That’s roughly 4–5x the farming cost at that valuation. I don’t think it’s too late to start. December remains my working TGE expectation, partly based on the stronger year-end launch odds I’ve been watching. I’m also expecting the trading API within the next 2–3 weeks. That’s my estimate, but if it arrives, I’d expect volumes and competition for points to increase further. For anyone already considering Variational, I’d rather start while the current economics are still available. My invite (+16% points boost): omni.variational.io/?ref=OMN… 2. @Lighter_xyz RH | S Another farm I think too many people are overlooking. At roughly $2 per point, the reward scenarios I’m working with range from around $10 per point under weaker LIT assumptions to approximately $25 in a stronger outcome. That’s around 5–12.5x the farming cost under those assumptions. The final result depends on LIT’s price, the total points supply and how rewards are distributed, but the current math puts Lighter RH firmly among my top priorities. My invite (+10% points boost): robinhoodchain.lighter.xyz/?… 3. @risextrade | A I’m starting to give this one considerably more attention. The possible major funding round people have been discussing is only part of the picture I’m following. Several other potential developments have made me more interested. With farming costs still below $1 per point in the cases I’m tracking, I see a potentially attractive entry. If the funding round happens and the updates I’m expecting are delivered, I can see a scenario with 10–15x the farming cost. That’s the upside case behind my increased focus. My invite (+15% points boost): rise.trade/invite/capy 4. @TxFlow_L1 | A I still like the project, but I’m less convinced by the current farming math. I traded during the early stage, and the Season 0 distribution expected by October 27 will be an important checkpoint for me. We’re only in the second week of Season 1, so it’s still early. If the retroactive allocation improves my overall numbers, I’ll be more willing to increase my activity. For anyone who hasn’t tried it, the new-user incentives and fresh campaigns make it worth exploring the product and testing the trading conditions. My invite ($50 in fee credits for eligible new users + 5% fee discount): app.txflow.com/r/TXCAPY 5. @arcus_xyz | B I’ve moved Arcus down to B. There’s potential, and the math can look attractive on paper, but some of the team’s decisions have lowered my confidence in its execution. On Robinhood Chain, I currently see a stronger opportunity in Lighter RH. I struggle to see what would put Arcus ahead while Lighter’s campaign is running. If you can earn points at a very low cost, Arcus may still be worthwhile. But if I’m choosing between the two, my capital goes to Lighter RH. 6. @entropyIO | B I’ve also lowered Entropy’s priority. Some of what I’ve seen behind the scenes, particularly around KOL relationships, has made me less enthusiastic about allocating more time and capital here. I’ve already done some initial trading and will probably pause for now. My impression is that a points program may still be some way off. With several other projects offering clearer reward math and nearer-term milestones, I’m comfortable focusing elsewhere. You can find my farming guides and detailed calculations for these projects by searching my profile. My current approach is simple: concentrate on the farms where I have the strongest conviction and keep updating the numbers as new information arrives. Which project would you move up or down this list, and why?

JUST IN: 🇰🇵 North Korea responsible for $6 billion Binance hack, CNN reports.

Sei Network now has its own dedicated perps DEX. In case you missed one of the biggest @SeiNetwork ecosystem developments of the year, @saphyre unleashed its official perps product on mainnet on October 22. For now, the product is invite-only. Per DefiLlama, Saphyre has already seen nearly $7B in total DEX volume. If its perps offering follows suit, it could drive a whole new wave of DeFi activity on $SEI.

Hyy @saphyre I'm in

friends check in on me every time a typhoon comes around when you live somewhere that gets them every year, you get pretty used to it. my usual routine is stocking up on chips and beer, then staying home until it passes seeing this one pull in pollution from wildfires in indonesia has me a little uneasy tho just hoping the power stays on. big couple of days for Saphyre and i’d really like to be online for them

The next chapter of Saphyre starts now. Perps mainnet is live on @SeiNetwork. Invite-only. 👇

CO pollutants from the widespread wildfires in Indonesia are being pulled into the circulation of Typhoon Champi.