Lista DAO announced the official start of the second phase of the airdrop task on March 5th, after completing the first phase of the airdrop task in February. This round of 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. The main reason is that APX has high efficiency and low wear, which allows for maximum efficiency. The second phase of the airdrop activity still includes APX, so participants can continue to strive for maximum profit with minimal wear.
Analysis of the second season of the Lista DAO airdrop, using the advantages of APX
APX is a decentralized derivative trading platform that currently supports BNB Chain, Arbitrum, and other chains. Its main feature is the ability to provide a slippage as low as 0.01%. In Degen mode, it can provide a slippage close to 0, comparable to centralized exchanges. In addition, APX uses the classic perpetual contract model, which can provide leverage of up to 250 times, and in Degen mode, leverage of over 1000 times.
For the Lista DAO trading points, APX can provide higher points than other DApps due to the leverage position, so most players participating in the Lista DAO airdrop choose to use APX to earn more point rewards.
The rules for the second season of Lista DAO's activity 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% in the last 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 distribution, with a reward of 0.05% 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 of Guest 1-5 reached 366.74M. In the Guest 6 trading volume activity, the first place reached 678.56M, which is much higher than the sum of the first place data in Guest 1-5. In Guest 6, APX had the highest efficiency in earning points because it is difficult to generate such high data through normal trading. 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 of 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 on APX and submitting tasks on Galxe, achieving the goal of completing two tasks with one trade.
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 pullbacks, and there is a risk of impermanent loss. Therefore, for participants in this airdrop, it is recommended to prioritize purchasing lisUSD through Pancakeswap to 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, take profit and stop loss, and click "Open Position". You can use two wallet accounts at the same time, one for long positions and one for short positions, to hedge and reduce potential losses caused by price fluctuations.
After opening a position, wait for 3-5 minutes and then close the position.
If you open a position of 100u with maximum leverage of 200x, the value of your position is 20,000u, which means you have obtained 20,000u worth of points with a gas cost of 1u.
In terms of selecting the trading target, it is recommended to prioritize stablecoin perpetual trading, such as ERU-USD, because its volatility is generally very low, with a 24-hour price fluctuation of usually less than 1%. Even with 200x leverage, 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 chance 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 and joining Telegram groups) and reaching a minimum trading volume (the value of the position 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 worth more than 1000u. You only need to use an ERU-USD position with more than 5 lisUSD and 200x leverage, 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. Participants need to wait patiently for Glaxe to update the data and claim the rewards.
Return Estimation
Lista DAO raised $10 million in funding, with influential Web3 capital institutions such as Binance Labs participating. The expectations and valuation 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 Quest 6 in the first phase of the airdrop activity are approximately 3500M, accounting for 0.2% of the total token supply. APX has the highest efficiency in earning points, so we can roughly assume that all trading volume is generated by APX. Therefore, in the first phase, every 3500 points 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, and we only need to consider the transaction costs.
In this activity, Lista DAO allocated 0.3% of the tokens, equivalent to $1.5 million, which means that approximately 2333 points correspond to $1 of trading. The main cost of APX trading is the gas fee for executing the smart contracts for opening and closing positions, which totals approximately $0.92. Since the gas fee for executing the contracts on the chain for opening and closing positions is 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 an opening position value of more than 2146u on APX to make a profit. If we open positions with a leverage of 200x each time, we only need a minimum opening position capital of 10.8u. Considering that the total capital will increase in the third phase, the minimum opening position value of more than 4000u is more suitable. With a leverage ratio of 200x, the minimum capital per trade is approximately 21u, which is a relatively low threshold. 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 and high odds tokens. Coupled with a bull market and an increase in token price, it may even cover the wear of lisUSD opening positions, effectively obtaining the Lista DAO airdrop at zero cost.
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