Mock LP book — GLD / USDG
Paper positions, no capital at risk. Fees accrue from real on-chain swaps:
your share = Lyou / (Lpool + Lyou) on every swap that prints inside your band.
connecting
The rotator experimental
Every 30 minutes it scores each candidate LP by the fees a $1 position would actually have
earned in that band, takes the worst of the 1h and 6h lookbacks so one burst cannot win it, and moves
the whole book into the leader — paying a real swap cost each time it switches.
Core positions
Net = position value + fees accrued − notional. “vs HODL” compares against simply
holding the entry basket of USDG + token. Out-of-range positions stop earning until price returns.
Safe — wide bands you never touch
Skewed — market making with a lean
A band that is not centred on spot. "skew buy" starts mostly USDG and accumulates the token
as price falls; "skew sell" starts mostly token and sells into strength.
Hedged — LP plus a paper short on the perp
The short is resized when the delta drifts more than 25%, paying 8.64 bp taker each time —
the rate xyz:GOLD actually charges. Net includes realised hedge P&L, funding received and those fees.
Degen shelf high risk
Ultra-tight bands die on any move. One-sided ladders are limit orders, not market making —
the buy ladder is 100% USDG waiting to be filled into GLD on a drop, the sell ladder is 100% GLD waiting to be sold into a rip.
Memecoin-paired pools charge 1.5–20% but your counter-asset can go to zero, and the position is marked
against the pool's own price, which is the only price that exists for these tokens.
Pools
Contracts