Lighter points dropped yesterday… and farming them actively taught me a few things I wanna share.
First off, volume doesn’t matter. I’ve said it before and I’ll say it again.
Millions in fake wash trading mean nothing. What matters is what and how you trade.
If you’re farming BTC, ETH, HYPE, SOL, BNB… good luck. Whales with 7–8 figure size eat all the points there. For retail, you’ll end up with scraps.
What’s been working better for me are low OI, less volatile pairs that still have liquidity like: $PROVE, $ZK, $ZORA, $DOT, $ETHFI, $POPCAT
With these I have seen that slippage is manageable even on $10K+ margin.
Avoid extreme low OI coins though (like $YZY) I’ve tried, and price impact is brutal when closing. ( you can still trade it but be careful from the price impact at the time of closing position )
Next thing: Sharpe ratio.
Many underestimate it, but it matters. Keep it genuine.
Around 1 - 3 = breakeven trader, won’t earn much. Either profit cleanly or lose cleanly (preferably not the latter).
Above 3 or below -3 shows you’re a “real” trader to the algo and not someone who is solely trading to farm points..
And this one’s important:
Never open at market. Always place bids. Any perp dex would want the orderbook liquid, and their system rewards you for providing that.
That’s true across every perp DEX, not just @Lighter_xyz
So TL;DR:
- Trade low OI coins
- Focus on Sharpe ratio, not blind volume.
- Always place bids, don’t chase at market.
Perp DEX farming has gotten tough after the $ASTER rally millions competing for the same points pool
If you’re not farming with an actual edge, you’re basically donating.
And lastly, trade safe, don’t burn yourself too much to farm these points.
Maybe you can hedge your positions across different DEX’s if you are not so good at trading but want to still farm the points.. this way you farm risk free
And for those who wanna join @Lighter_xyz closed beta.. DM me, I got few codes..
FameEX 中文社区
🆚 If you could only choose one #Token to invest in right now, which one would you choose?
$LIGHT or $SLERF?
@BitlightLabs @Slerfsol
$GRASS $PNUT $FET $DEXE $AERO $ACH $DEUSD $LOFI $HARD $JASMY $GT $FLOW $TNSR $POPCAT $DEEP $AXL $ARK $COOKIE
FameEX 中文频道
🆚 If you could only choose one #Token to invest in right now, which one would you choose?
$LIGHT or $SLERF?
@BitlightLabs @Slerfsol
$GRASS $PNUT $FET $DEXE $AERO $ACH $DEUSD $LOFI $HARD $JASMY $GT $FLOW $TNSR $POPCAT $DEEP $AXL $ARK $COOKIE
About POPCAT (POPCAT)
POPCAT is a memecoin of the Internet meme, Pop Cat, originating in October 2020 that features a series of videos which showcase two images of a domestic short-haired cat named “Oatmeal”, where one image has its mouth closed and the other has its mouth open, with the second image being edited to give its mouth an O shape.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.7K new posts about POPCAT, driven by 1.4K contributors, and total online engagement reached 458K social interactions. The sentiment score for POPCAT currently stands at 79%. Compared to all cryptocurrencies, post volume for POPCAT currently ranks at 1682. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of POPCAT.
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Posts
3,667
Contributors
1,425
Interactions
457,677
Sentiment
79%
Volume rank
#1682
X
Posts
3,259
Interactions
217,272
Sentiment
76%
POPCAT FAQ
What is cryptocurrency?
Cryptocurrencies, such as POPCAT, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as POPCAT have been created as well.
Can I buy POPCAT on OKX?
No, currently POPCAT is unavailable on OKX. To stay updated on when POPCAT becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of POPCAT fluctuate?
The price of POPCAT fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
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Disclaimer
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