Velvet Capital - Gems (Points) Farming Campaign
Potential Reward: Over $1,000,000 worth of $VELVET tokens.
Quick Info
- Funding: $4M from YZi Labs, Blockchain Founders Fund, SkyVision Capital, etc.
- Deadline: [Campaign ends no later than August 10th or certain time pending context]. Note that token distribution is scheduled for August 10 even if tasks end sooner; however, based on provided text indicating 'less than a week left' relative enoughto current date logic. If today is Aug 7, any task must be completed prior to next window expiry.
- Cost Optimization Tip: Use USDC via Arbitrum network to minimize transfer commissions.
⚠️ Critical Notes
- Liquidity & Slippage: The platform maintains healthy order books with minimal slippage issues during large volumes when using limit orders properly.
- Leaderboard Competition: To maximize ROI, aimlessly farming volume may result in low rewards due to high competition. Target the top/higher tier positions where reward-per-gem density (ROI) becomes significantly better.
⚡ Strategy & Lifehacks
Extracting maximum alpha requires shifting your trading behavior away from standard crypto pairs:
- Asset Alpha - Stock Trading Hack: Do not trade pure crypto if you want efficiency. Trading stocks such as S&P500 results in ~25% lower transaction fees compared to traditional crypto tradings within this interface or similar setups mentioned by analyst. | This allows for higher turnover without draining capital through Maker/Taker costs.
- Volume Efficiency Ratio: Expect an average yield of 1K Gems per ~$80-$100 worthfully traded perpendicular ($80 reported personally). Use these numbers to budget your expected gas and fee spend.
- The 'Last Sprint' Method: Instead of spreading volume evenly across all days, maintain a baseline presence then dump heavy volume during the final few days when
! DYOR (Do Your Own Research)