How much has the mining efficiency of PerpDEX changed from the beginning to now? It is said that you should mine PerpDEx in the early stages to maximize your gains. So, how much more beneficial is it?! I was curious, so I checked a few data points from DeFiLlama. 1. @Lighter_xyz - PaguPeral - If mined in Q1, the current trading volume (Vol) is about 49 times / OI is about 18 times. - If mined in Q2, Vol is about 6 times / OI is about 4 times. - If mined in Q3, Vol is about 2 times / OI is about 5%. It was more efficient. However, OI has dropped significantly due to the recent incident, so the actual efficiency difference might be greater. For reference, the most recent average price (Loss / Point) for Pagu is about $56 / point, and the total average is around $11. (Excluding referrals) Last week was Epoch 1 after the public transition, but there was a delay in point distribution, so I will check and post this week as two weeks' worth of points will be distributed. 2. @edgeX_exchange - PaguPeral - If mined in Q1, the current trading volume (Vol) is about 85 times / OI is about 56 times. - If mined in Q2, Vol is about 25 times / OI is about 8.3 times. - If mined in Q3, Vol is about 2.9 times / OI is actually down by -11%. However, edgeX also had a much higher OI two days ago, so the efficiency based on OI would have been even higher. The most recent average price for Pagu was very high at $92.2 per point, but that was a mistake, and until early September, it was farming around $10. The total average is about $15.5, excluding referrals as well. PaguPeral offers a 30% Fee Rebate, but you need to DM me to register, so please keep that in mind. 3. @grvt_io - PaguPeral - If mined in Q1, the current trading volume (Vol) is about 23 times / OI is about 2.7 times. - If mined in Q2, Vol is about 18.5 times / OI is about 2.5 times. - If mined in Q3, Vol is about 9 times / OI is about 79%. It can be seen as more efficient. For GRVT, it is difficult to calculate the average price per point for Season 1, but it seems to be about $400 for 0.01% allocation in Season 1. The recent average price for Season 2 is $4.65 per point. The average price for the first week of Season 2 was $1.86 per point, but recently the metrics have jumped significantly, reducing mining efficiency. Data integrity and changes in Pagu Since trading volumes vary weekly and distribution or environmental factors differ, this is a simple average, so it is more likely to be inaccurate, but you can just think, 'Oh, there was a significant difference.' However, from this, 'Oh, the efficiency difference is so large, so I shouldn't do it' can be one thought, but Pagu thought, 'Oh, the valuation of this developing PerpDEX will increase, how can I mine most efficiently?' So, whether manually or through API, I looked for gaps or funding fee arbitrage, even if I couldn't make a profit, I focused on minimizing losses and using fees. Sometimes, the efficiency exceeds expectations, and sometimes, depending on market conditions and mistakes, efficiency can drop significantly. Overall, I started mining relatively early, at the latest by mid-stage, and the results so far are satisfactory. So, Pagu plans to continue farming PerpDEX. Of course, actual trading is the best, but Pagu is a trading x, so I plan to approach it through farming. One thing is that mindless farming is now absolutely inefficient and is likely to result in losses. Even if you farm, please think about how to do it a little more efficiently. For reference, these days I am using limit orders + TP - market close, and it seems to be quite efficient. If the price flows one way, there may be some losses, but on average, it seems much better.