Community intelligence · evidence first
The useful divide is between tools that show what a wallet actually did and calculators that model what a point might be worth. This ledger keeps those categories separate across the full perp venue list.
Research snapshot
11
tool surfaces · 2026-10-06
Highest-value surfaces
Perp venue terminal and trade-cost calculator
A broad community terminal for venue discovery, spread comparison, and execution-cost research.
Protocols: Variational, Pacifica, Extended, Nado, StandX, GRVT, Hibachi, tradeXYZ
Evidence: The supplied pass describes repeat user utility and a builder response pointing users to the cost page; no post-level engagement count was supplied.
Limit: The supplied research describes a live page on 7 October while the pass is dated 6 October. Re-open the page before publishing current coverage or metrics. Aggregate coverage does not prove every venue has a complete or equally fresh data feed.
BULK terminal and wallet intelligence
An independent BULK terminal for fills, liquidations, wallet lookups, and Challenger snapshots.
Protocols: BULK
Evidence: The 29 September ladder post reportedly drew 33 likes, 10 replies, and a correction identifying traded volume—not deposited capital—as the qualifier.
Limit: The supplied research does not establish completeness, latency, retention, or API guarantees. Do not treat a displayed ladder or snapshot as the official formula.
BULK tape and liquidation analytics
A sibling independent build focused on BULK tape, whales, and liquidations.
Protocols: BULK
Evidence: The supplied pass identifies it as part of the BULK community-tool stack but supplies no post-level engagement count.
Limit: Coverage, update cadence, and data provenance were not independently measured in this pass.
BULK points campaign dashboard
A sibling independent build focused on BULK’s Aura campaign surface.
Protocols: BULK
Evidence: The supplied pass identifies it as part of the BULK community-tool stack but supplies no post-level engagement count.
Limit: A campaign dashboard is not proof of the unpublished Ranked Aura formula, token conversion, or allocation.
Wallet analytics and trade-receipt explorer
A no-connect wallet analytics product that exposes user-level trading outcomes rather than only leaderboard totals.
Protocols: Arcus, TXFlow
Evidence: The supplied pass reports an Arcus update on 4 October and says the same product pattern is live for TXFlow; it does not provide a post-level engagement count.
Limit: The product signal is stronger than the supplied engagement evidence. Verify the current pages, supported endpoints, completeness, and maker/taker classification before calling it a measured ledger.
Points dilution model
An independent calculator modeling a Robinhood/Lighter campaign point under an assumed pool and distribution path.
Protocols: Lighter, Lighter (Robinhood Wallet)
Evidence: The supplied post reports 55 likes, 14 reposts, 30 bookmarks, and 5,453 views on 25 September.
Limit: The 11M LIT pool is described as a campaign announcement, not a Lighter docs formula. The output is a model, not a payout estimate or eligibility proof. Lighter Season 3 claims were not official in the re-check.
Full roster coverage
| Protocol | Coverage | Tools | Finding | Next research |
|---|---|---|---|---|
| Hyperliquid | Dedicated surface | Exit Window, Revenue Meta dashboard | Exit Window is a narrow user workflow; the revenue dashboard is a post-TGE control surface. Aggregators add context but are not equivalent to a farming tool. | Search for funding, vault, copy-trade, and liquidation dashboards with reproducible methodology. |
| Aster | Aggregate coverage | arb.sh, Revenue Meta dashboard, CoinLaunch perp fee card | Appears in aggregate venue and post-TGE comparison surfaces; no dedicated high-engagement farming ledger was identified. | Find a wallet-level points, fee, or referral receipt tool before modeling reward value. |
| BULK | Dedicated surface | YetiScan, BulkStats, AuraBulk | The strongest community-tool stack in the roster: fills, liquidations, wallet lookup, tape, whales, and Aura campaign views. | Join the sources into one attributable receipt ledger without implying the Ranked Aura formula. |
| Variational | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Strongest evidence is execution-cost comparison; point denominator remains unknown. | Locate and verify the rumored epoch dashboard or build a fee/spread/points receipt view. |
| edgeX | No dedicated tool found | — | The pre-TGE season ended at TGE; no current community farming tool was found in the supplied pass. | Search for post-TGE revenue, market-depth, and token-holder dashboards rather than farming calculators. |
| Lighter | Model only | Lighter / Robinhood point calculator, Revenue Meta dashboard | The calculator is a dilution model, not an official Season 3 claim; the re-check says Season 2 ended 26 December 2025. | Find current official points pages and a wallet receipt before treating any campaign as open. |
| GRVT | Aggregate coverage | arb.sh, Revenue Meta dashboard, CoinLaunch perp fee card | Shows up in cross-venue fee/revenue surfaces; no dedicated high-engagement GRVT reward ledger was found. | Search for a Season 2.0 points/referral receipt tool and verify current token status. |
| StandX | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Aggregate fee and scenario coverage exists; maker-size strategy is not a $500 fit. | Find holder/maker/referral attribution data before recommending activity. |
| tradeXYZ | Aggregate coverage | arb.sh, CoinLaunch perp fee card | Appears in the fee/venue comparison layer, not a dedicated farming tracker. | Search HIP-3 deployment, market, and fee analytics with source timestamps. |
| Pacifica | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Execution-cost and unofficial point scenarios exist; the official formula is hidden and self-trading is excluded. | Find wallet-level weekly points and fee receipts, not another FDV model. |
| ApeX Protocol | No dedicated tool found | — | No current high-engagement community tool was found; token is live and no new season was found. | Search for post-TGE volume, fee, and holder/revenue tools only. |
| Lighter / Robinhood Wallet | Model only | Lighter / Robinhood point calculator, Revenue Meta dashboard | The calculator is the strongest artifact, but it does not override the official Season 2 end date or prove Season 3. | Track official Robinhood Wallet points pages and separate them from Lighter protocol claims. |
| Extended | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Community surfaces show cost and scenario modeling; the official 70M cap is not a TGE promise. | Build a points/fee ledger keyed to epoch and wallet receipts. |
| Nado | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Appears in cost and unofficial scenario tools; the ink_airdrop endpoint is the primary evidence, not a community calculator. | Pair wallet-level trading receipts with the official allocation endpoint without inferring loaded claims. |
| Gains Network | No dedicated tool found | — | No current high-engagement farming tool was found in the supplied pass; token is live. | Search for fee, funding, and trader-PnL analytics only. |
| QFEX | No dedicated tool found | — | No official points-to-token page or dedicated community tool was confirmed. | Search only for current official rewards and independently useful execution data. |
| Avantis | No dedicated tool found | — | Season 3 ended; the current Airdrop 2 reference is not a tool or published farming rule. | Look for post-TGE AVNT incentive dashboards, not a retroactive farm calculator. |
| Arcus | Dedicated surface | Perp Formula, arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Perp Formula is the most useful user-level surface; aggregate calculators provide context but not the points formula. | Verify endpoint completeness, then build a dated receipt ledger for volume, fees, funding, fills, and weekly points. |
| Reya | No dedicated tool found | — | No community tool with engagement was found; waitlist/access is the current no-capital action. | Search for Season 2 access, RCP, and user receipt tools after the next official wave. |
| RISEx | Model only | Alpha Drops perp calculator, arb.sh | No dedicated receipt tool was found; unofficial point-value modeling is not enough to justify $500 activity. | Find weekly points/fees/OI receipt data and confirm the documented Q2 2027 end. |
| TXFlow | Dedicated surface | Perp Formula, arb.sh | Perp Formula is the only identified wallet-level community analytics surface; Season 1 rules remain pending. | Verify the product’s endpoint and pre-season attribution before building strategy claims. |
| Decibel | Aggregate coverage | arb.sh | Only aggregate venue coverage was identified; AMPs mechanics need direct official verification. | Find wallet-level AMPs, LP, and referral attribution data. |
| Boros | No dedicated tool found | — | No current points/TGE page or community tool was found. | Search for market-structure data only if the venue remains active. |
| GMX | No dedicated tool found | — | Token is live and no new season was found in the supplied pass. | Search post-TGE revenue and fee dashboards rather than airdrop tools. |
| Popdex | No dedicated tool found | — | No official points-to-token page or dedicated tool was confirmed. | Search for protocol identity and current campaign evidence before tool discovery. |
| Ondo Perps | Model only | Alpha Drops perp calculator, arb.sh | Unofficial scenario coverage exists but no official points-to-token page was confirmed. | Verify venue identity, current rewards, and any source behind the model. |
| Perpl | Model only | Alpha Drops perp calculator, arb.sh | The calculator covers Perpl, but Season 1 itself remained secondary/unconfirmed in the re-check. | Find an official campaign page and wallet receipt before recommending a farm. |
| Vest | No dedicated tool found | — | No official points/TGE page or community tool was confirmed. | Resolve protocol identity and current status before further farming research. |
| Rho | No dedicated tool found | — | No official points/TGE page or community tool was confirmed; name collision risk remains. | Resolve protocol identity before searching for tools or campaigns. |
| Phoenix | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search for the canonical product/account before any reward analysis. |
| dYdX | No dedicated tool found | — | Token is live and no new season was found in the supplied pass. | Search post-TGE incentives and revenue analytics only. |
| Paradex | Aggregate coverage | DefiLlama perp baseline | Season 3 XP is loyalty/incentives, not genesis; no dedicated high-engagement tool was found. | Find XP/affiliate receipt data and keep it separate from TGE farming. |
| Katana Perps | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Entropy | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Bullet | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Hibachi | Aggregate coverage | arb.sh, Alpha Drops perp calculator, CoinLaunch perp fee card | Community surfaces cover cost and point scenarios, but the Open campaign requires $500K volume and has no TGE. | Find cash/points eligibility receipts; do not turn the milestone pool into a flat payout. |
| Markets | No dedicated tool found | — | Token is live and no new season or community tool was found. | Search post-TGE market/revenue data only. |
| Paragon | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Aftermath | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| 01 | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Hello | No dedicated tool found | — | No official points/TGE page or community tool was found. | Search canonical accounts and current product status. |
| Hotstuff | No dedicated tool found | — | The documented program deadline passed and no extension post or community tool was found. | Search only for a current extension or post-TGE product data. |
| Meridian | No dedicated tool found | — | No official points/TGE page or dedicated tool was found; Exit Window’s buildathon name is not evidence about this venue. | Resolve protocol identity and search canonical accounts. |
| HYENA | Historical control | — | The venue wound down in September 2026; retain as a historical control, not a live farm. | No farming research unless a new official product is announced. |
| Ostium | Model only | Alpha Drops perp calculator, arb.sh | Unofficial scenario and aggregate coverage exists; Season 2 is capped at 25M points and the airdrop remains unconfirmed. | Find official wallet receipts and do not reintroduce OLP claims after the July incident. |
The information gap
The strongest missing surface is one dated wallet record joining volume, fees, maker/taker fills, funding, open interest, points, and rank change. That is more defensible than inventing a dollar value for an unofficial point model and creates a repeat-use loop when weekly rewards or venue mechanics change.