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Yesterday marked our largest update to AF perps since our initial launch; not only did we launch our 11th market, AF100USD, we increased leverage across 5 markets, rolled out One-Click Trading (1CT), enabled an improved version of Dynamic Gas for AF perps, added the Gas Pool and Agent Wallet tabs to our UI, improved the metrics available on your account page, and released v2.5.0 of our skills. Each of these will get its own dedicated post on @AftermathFi but prior to that I wanted to shed some light on how each feature works and how to best utilize them. AF100USD AF100 marks our 11th market since launch, 6th market powered by @PythNetwork Pro, 5th Equities market, and 4th market using our onchain, rolling-contract-based formula for deriving price feeds. One-Click Trading This has been a long requested feature and our biggest pain point since launch: clicking an approve button on all transactions is poor UX and, in some cases, a blocker for integration in the first place. Combining Sui's Sponsored Transactions with in-house developed infra, we were able to provide auto-accept functionality across all AF Perp transactions. Approve once at the start of your session and never deal with a wallet popup for the remainder of your session. When you first visit our /perpetuals page, you will be prompted to enable 1CT. To do so, you need to pre-reserve SUI to be used as gas for all auto-approved transactions. After depositing, we will create an agent wallet for your account and execute all transactions through this agent wallet using the gas you reserved. You will need to periodically top up the reserved gas; you can either manage this and the agent wallets explicitly on the Gas Pool and Agent Wallet pages or you will be prompted to top up automatically if your reserves start to get too low. Dynamic Gas We originally launched Dynamic Gas back in the end of 2023 to allow afSUI holders to pay gas using our LSD. We quickly expanded the scope of Dynamic Gas to include many assets, including @circle's USDC. For AF perps, we had to completely redevelop Dynamic Gas from the ground up-to not increase the average cost of any AF perp transaction-and closely coupled it with our 1CT implementation. When enabling 1CT, you have the option to select any asset as the gas token or mix and match between many tokens. The next unlock for AF perps is finally here: quick, frictionless transactions payed for in any asset you desire. Gas Pool Want to view how much gas you have left reserved for 1CT? Visit our new Gas Pool page to deposit into and withdraw from your reserves and manage the accounts that have access to these reserves. af.lol/gas-pool Agent Wallet Want to grant new or revoke and view pre-existing agent wallets tied to your account? Visit our new Agent Wallets tab to handle all of these interactions. You'll see all of the active agent wallets you've explicitly enabled as well as the agent wallets addresses tied to your address underpinning 1CT. af.lol/agent-wallets Account Page We've added account-individualized metrics, across Maker / Taker volume and fees, to give you more insight into your historical performance and help you correlate between your epoch activity and epoch-end rewards. These same metrics are also visible on all Vault pages for both depositors and Vault curators. Skills v2.5.0 added support for all of the above as well as a few new endpoints and minor improvements to previous endpoints. View and download the latest skills at skills.aftermath.finance All of these features are here to kick off the start of our epoch 4! Use these new features to your advantage and participate to be eligible for 50k of SUI rewards at the end of epoch 4 (April 12th) split across AFLP and AF perp traders.

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Analyzed 200+ @nadoHQ reports from my bot t.me/lowiqpts_bot to remove assumptions and see what actually drives points Patterns are pretty consistent 1. Volume Volume absolutely matters for raw points but has clear diminishing returns for efficiency Median by volume: • < $50k → ~12.1 pts | ~511.6 PPM • $50–100k → ~28.8 pts | ~528.8 PPM • $100–250k → ~41.9 pts | ~367.3 PPM • $250–500k → ~143.2 pts | ~368.3 PPM • > $500k → ~304.5 pts | ~331.4 PPM more volume → more points but after ~100k, efficiency drops hard if you’re optimizing for ppm, size alone won’t save you 2. Trade count Median by trades: • 1–5 → ~41.6 pts | ~8081.8 PPM • 6–15 → ~17.6 pts | ~394.5 PPM • 16–35 → ~50.3 pts | ~458.1 PPM • 36–75 → ~39.4 pts | ~349.0 PPM • >75 → ~135.7 pts | ~367.3 PPM 1–5 is noisy (outliers), wouldn’t rely on it real takeaway: pure churn ≠ optimal moderate activity > spam 3. Holding time (strongest signal) Median by hold: • <1h → ~41.8 pts | ~395.0 PPM • 1–6h → ~40.6 pts | ~357.1 PPM • 6–12h → ~170.3 pts | ~384.3 PPM • 12–24h → ~59.1 pts | ~442.3 PPM • 1–2d → ~42.5 pts | ~642.5 PPM • >2d → ~54.2 pts | ~578.8 PPM This is where things get clear nado rewards holding more than people think not forever — but definitely more than quick in/out 4. PnL Median by realized pnl: • < -$500 → ~237.6 pts | ~304.2 PPM • -$500 to -$100 → ~66.7 pts | ~363.8 PPM • -$100 to $0 → ~28.4 pts | ~463.9 PPM • $0 to $100 → ~32.5 pts | ~456.4 PPM • $100 to $500 → ~114.0 pts | ~443.3 PPM • > $500 → ~186.8 pts | ~334.6 PPM No clean relationship Higher pnl ≠ better points or ppm Points are much more about structure than profitability 5. Maker share (strong negative) Median by maker share: • <10% → ~453.6 PPM • 10–50% → ~297.6 • >50% → ~172.9 Hard to ignore High maker share consistently underperforms 6. Market breadth Median by active markets: • 1 → ~375.7 PPM • 2–3 → ~322.8 • 4+ → ~435.6 Best setups aren’t single-pair But also not random chaos Looks like: rotate a few markets, stay controlled TL;DR • more volume = more points, but worse ppm after ~100k • spam trading doesn’t work • holding is one of the strongest edges • pnl doesn’t explain points • high maker share looks bad • multi-market > single market NFTs aren’t included in the data, but from my own testing and what the community says, they don’t seem to provide a meaningful boost. To track your performance weekly, use t.me/lowiqpts_bot — the bot provides detailed reports. It also supports other perp DEXs.

2/ How it works: 1. Connect your wallet at thusd.theo.xyz 2. Deposit USDC or thBILL into the Genesis Program, powered by @concretexyz, on Ethereum mainnet, @arbitrum or @stable 3. Receive thUSD at the end of the campaign equal to the USD value of your deposit plus all yield accrued Vault: thusd.theo.xyz

The $BASED airdrop checker is live. If you’ve been trading or spending on Based, you can now view your airdrop allocation. Check your eligibility: basedfoundation.com/check Stay Based.