AStarius

Update regarding @Dreamcash farming and my view as a farmer. Long post. TLDR in the end. The 200K USDT rewards of dreamcash for week 1 are now claimable. And once again my timeline is split between: “scam/trash” and “thanks for the USDT”. Main issue: OI vs Volume Most of the discussion on CT is about the formula for the 200K USDT weekly rewards. In the docs it was clearly stated that OI (just holding your positions) also matters, not just volume. However, this wasnt clearly communicated in the app/webapp UI and CT doesnt read docs ofcourse. I remember @meritcirclorr mentioning OI on Discord, which is why I included it in a post last week. Most people focused on volume because the app/webapp dident mention this and on CT people were mostly talking about volume (me too). And the campaign with @tread_fi might have given a wrong idea: Volume farming + auto maker bot campaign= people assumed volume is rewards. That assumption was wrong tho. Why I used TreadFi: > x5 boosted TreadFi points > HIP-3 airdrop exposure > XP + USDT farming > lazy farming (mostly this tbh) via auto MM bot I thought running the bot passively for ~10 hours would generate enough OI. I did generate some OI but not enough My Week 1 stats: So my stats of past week: > $1.528M volume (almost all via TreadFi) > $68 USDT from the 200K pool > 2M XP points (due to my multiplier) > 149 treadfi points > ~$361 fees for 1.462M volume via TreadFi So lets say around 370 to include any trading fees outside TreadFi. Rough PnL (bearish scenario): Costs: >~$370 trading fees including TreadFi fees Rewards: > $68 USDT > 149 TreadFi points Bear case: 50M FDV, 20% airdrop = $2 per point (so around $300 value) > 2M XP (cannot be valued yet) > Potential HIP-3 airdrop So in a bearish scenario: $370 USDT cost vs $368 value (excluding XP + HIP-3). So basically breakeven. Compare with longer OI strategies of other farmers Example: I saw someone with ~250K volume earned 56 USDT. So almost my rewards but around 16% of my volume. Best comparison for me is @DidiTrading (similar volume, different strategy). Didi stats: > had around $ 1.9M volume (25% more volume than me) > had $438 USDT rewards (6.5x more USDT rewards than me) > was around $100 profitable. Conclusion: OI is king. Longer holds > pure volume farming. Check the screenshot of hit stats and the link to his tweet explaining it: x.com/DidiTrading/st… So we keep farming or not? imo there are 4 strategies/options: Option 1: Stop farming dreamcash and farm something else more R/R. Option 2: Trade organically and any points or USDT rewards are a bonus. Option 3: keep farming with TreadFi and focuss on: > TreadFi points > XP > potential HIP-3 airdrop > try to be profitable with the auto maker bot If you are profitable via TreadFi, this is a no-brainer. I wasnt (100% skill issue). Option 4: Lazy farm via WebApp. > hold positions for days > farm OI + XP more organically or through DN. > so basically how I have been farming extended and variational the last weeks. II think I will go for Option 4. I rather farm “free XP” through longer holds than burn fees for volume. Will test it one more week and update. And I am also curious to new regarding a XP points cap. TLDR: > OI is important for the weekly 200k usdt rewards > volume alone is not enough for the 200k usdt rewards > TreadFi farming won’t fully cover fees unless you are profitable or value the points As always: It comes down to cost per point. Will keep you posted. 🌾