Testnet Fund Trading Competition Round 1 recap & Winner list
Our testnet was finally launched. In order to let everyone participate actively and enjoy the fun, we held a funding trading competition on testnet.
Here is some data analysis in Round 1.
11534 users have records in our database; 7318 have made at least 1 transaction in our protocol and they are remarked as active users.
Staking rate: from our 7318 active players, the average staking rate is 21.2%. It seems, regardless of the appreciation of SYP, more user chose to invest in SAPs instead of staking.
As the above chart revealed, many users tend to mint Top Crypto Index, which accounts for 47.71%. Following is Solana Index, 27.54%.
It seems that users’ first choice is those most familiar crypto currency. But actually, the best performance among all SAPs during the competition is Solana Index.
Considering the testnet tokens could only folk the performance of real investment, we calculate the real returns for each SAP if the tokens are real. (regardless of transaction fee and gas fee)
Top Crypto Index
Sypool’s Top Crypto Index is based on the top 5 crypto assets’ prices fed by Pyth. The chart below shows the weight of each currency in round 1 but we will adjust the weight in round 2.
Solana Index is based on the Top 5 crypto assets’ prices on Solana Ecosystem provided by Pyth. Also, we will adjust the weight of each currency in round 2.
Btw, this might be the first Solana Index on chain. Since we have witnessed the booming of ecosystem on Solana, we are very glad to be with them.
Trader-based SAP follows the traditional investment strategy by researching every valuable project in the crypto industries.
Quant SAP，Quant SAP-R1， Quant SAP-R2
Quant, stands for quantitative trading.
By coding the trading strategy, our Quant strategists could execute the transactions more frequently (more than thousands of trading per second) and with less biases (because all the trading is based on pre-set standards and rules).
According to structured yield SAP rules, if Quant SAP has a 33.2% APY, Quant-R1 would earn a fixed 10% returns, and Quant-R2 would enjoy a 68% profit a year.
Assuming all users entered on the first day, we created $33,464,193 for users. Assuming we used mint fee (1% of the total TVL) to buy back and burn SYP, we created $3,588,000 for SYP holders.
Note: All these strategies were based on testnet. Real trading isn’t available on testnet, so it’s just a rehearsal.
Here is the top 5000 among active users.
Winners will be able to claim the prize three days before TGE. Stay tuned.
The top 50 will also be crowned as SYPOOL LEGEND on discord. Please DM us on discord with the screenshot of you sollet.