After completing the first phase of the airdrop task in February, Lista DAO officially announced the start of the second phase of the airdrop task on March 5th. This airdrop task will end on April 15th. APX had a very high trading efficiency in the first season of the Lista DAO airdrop, with a surge in trading volume, reaching a peak daily trading volume of 1 billion US dollars. The main reason is that APX has high efficiency and low wear, which can maximize benefits. The second phase of the airdrop activity continues to include APX, allowing participants to continue to sprint and achieve maximum profits with minimal wear.
Analysis of the second season of the Lista DAO airdrop, using the advantages of APX
APX is a decentralized derivatives trading platform that currently supports BNB Chain, Arbitrum, and other chains. Its main feature is the ability to provide slippage as low as 0.01%. In Degen mode, it can provide slippage close to 0, comparable to centralized exchanges. In addition, in APX, using the classic perpetual contract mode, leverage of up to 250 times can be obtained, and in Degen mode, leverage of over 1000 times can be obtained.
For the Lista DAO trading points, APX can provide higher multiples of points than other DApps because APX can amplify the trading value with leverage positions. Most players participating in the Lista DAO airdrop choose to use APX to obtain more point rewards.
The rules for the second season of Lista DAO's activities are similar to the first season, but the official has made some additions and improvements. Here, we focus on Quest 7, which is the on-chain trading activity to earn points. Quest 7 allocates 0.3% of the total LISTA tokens, compared to 0.2% of the total allocation for the previous trading volume activity. This time, the token allocation has increased, which is a positive policy for APX users. In addition, Quest 7 is divided into 6 time periods for allocation, with a 0.05% reward allocated for each time period, to prevent participants from generating a large number of trades on the last day, benefiting retail investors with sufficient time.
In the activity data of the previous season on Lista DAO, we can see that the first place in the total points ranking for Guest 1-5 reached 366.74M. In the Guest 6 trading volume activity, the first place reached 678.56M, which is far higher than the sum of the first place data for Guest 1-5. In Guest 6, APX had the highest efficiency in earning points because it is difficult for normal trading to generate such high data. Therefore, it can be assumed that most players still participate in this activity through APX and have achieved good results.
Overall, the changes in the rules for the second season of the Lista DAO airdrop have not had much impact. Obtaining points through APX is still the most efficient way, and with the increase in the share of rewards for Quest 7, trading on APX will also receive more token incentives.
Kill Two Birds with One Stone - APX lisUSD Trading Reward Activity
In addition to the airdrop activity of Lista DAO, APX has also launched its own task activity on Galxe, which is also lisUSD trading. Participants can receive APX token rewards and Lista DAO rewards by trading lisUSD.
Participants can trade using lisUSD on APX and submit tasks on Galxe. The APX Galxe points activity is divided into 6 stages, and participants who complete the OAT tasks each week can share a pool of 700u APX tokens. In addition, participants who complete all tasks in the 6-week activity can share a pool of $800 worth of APX tokens. As long as the tasks are completed, participants will not go empty-handed.
Steps to participate in the APX airdrop and Galxe OAT tasks:
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Obtain lisUSD
lisUSD can be obtained by pledging BNB to Lista DAO or by purchasing it through Pancakeswap. Due to recent market fluctuations, many token prices have experienced significant corrections, and there is a risk of impermanent loss. Therefore, for participants in this airdrop, it is recommended to consider purchasing lisUSD through Pancakeswap, which can minimize the risk of market volatility.
Chain used: BNB Chain
lisUSD contract:
0x0782b6d8c4551B9760e74c0545a9bCD90bdc41E5
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Trade on APX V2
Open the APX website and log in with the Metamask wallet. The website login URL is:
https://www.apollox.finance/zh-TW/futures/v2
Select the trading target, change the unit after the amount from USDT to lisUSD, enter the amount, select the leverage ratio, take profit and stop loss, and click "Open Position". Two wallet accounts can be used simultaneously, one for long positions and one for short positions, to hedge against price fluctuations and reduce potential losses.
After opening a position, wait for 3-5 minutes before closing the position.
If you open a position of 100u with maximum leverage of 200 times, the value of your position is 20,000u, which means you have obtained 20,000u of points with a gas cost of 1u.
In terms of selecting the trading target, it is recommended to prioritize stablecoin forex perpetual trading, such as ERU-USD, because its volatility is generally very small, with a 24-hour price fluctuation of generally less than 1%. Even with a leverage ratio of 200 times, the price loss cost will be relatively small. Even if you forget to close the position and hold it until the next day, there is still a possibility that the position will continue to be profitable.
However, it should be noted that the forex market is not open 24/7. It is closed on Friday and Sunday night at 23:00 (UTC+0) and all day on Saturday, so no trading can be done during these times.
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Obtain OAT on Galxe
The Galxe tasks are divided into 6 periods based on the time periods defined by Lista DAO. They mainly involve completing social media tasks (such as following Twitter, joining Telegram groups) and meeting the minimum trading volume requirement (the position value displayed in the web page). After completion, participants can receive points and OAT.
As shown in the image above, in the first week, you need to open a position with a value exceeding 1000u. You only need to use an ERU-USD position with more than 5 lisUSD and a leverage of 200 times, and then close it. This threshold is very low, and the gas cost is less than 1u. It has been tested that there may be a delay in obtaining trading data on Glaxe, and the completion of the task submission may not be immediate. Please be patient and wait for Glaxe to update the data before claiming the rewards.
Return Estimation
Lista DAO raised $10 million in funding, with investment institutions including Binance Labs and other influential Web3 capital firms. The expectations and valuations of Lista DAO are relatively high.
Based on a conservative initial circulating market value of $50 million (the actual market value may be higher), the total points for the first phase of the airdrop activity, Quest 6, is approximately 3500M, accounting for 0.2% of the total token allocation. APX has the highest efficiency in earning points, and it can be roughly assumed that all trading volume is generated by APX. Therefore, each 3500 points in the first phase corresponds to a $1 token reward (at cost price). If we hedge with long and short positions, we don't need to consider the price fluctuations of the trading target. At this time, we only need to consider the trading costs.
In this activity, Lista DAO allocated 0.3% of the tokens, equivalent to $1.5 million. This means that approximately 2333 points correspond to $1 of trading. The main cost of APX trading is the gas fees for executing the smart contracts for opening and closing positions, which amount to approximately $0.92. Since the gas fees for opening and closing positions executed on the chain are fixed, for participants, the higher the value of each transaction, the lower the corresponding cost, and the higher the return on investment.
Through calculations, it can be determined that we only need to have a position value of more than 2146u per trade on APX to make a profit. If we open positions with a leverage ratio of 200 times each time, we only need a minimum capital of approximately 10.8u per trade. Considering that the total amount of funds participating in the third phase may increase, the cost will also increase. It is more suitable to have a minimum position value of more than 4000u per trade, and with a leverage ratio of 200 times, the minimum capital per trade is approximately 21u. This threshold is also relatively low. By trading on APX with a small amount of capital, you can participate in the Lista DAO airdrop with a high cost-effectiveness.
By participating in all of APX's official activities and meeting the requirements, there are additional APX rewards. APX currently belongs to low market cap, high odds tokens. Coupled with a bull market and an increase in token price, it can even cover the wear and tear of lisUSD positions, effectively obtaining the Lista DAO airdrop at zero cost.
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