$ABC/USDC
Simulation runCircuit breakMODESAFE
VENUESynthetic DLMM
PRICE0.003952
MAKER CAPITAL$582,319
DEPLOYED$0
±1% DEPTH$0 / $0
INVENTORY36 / 64
NET MM P&L−$218.2K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$582,319
contributed $800,500
Net MM P&L
−$218,181
−27.26%
LP Fees
+$35,433
$0 unclaimed
Divergence / Inventory
−$26,193
vs holding the deposits
Tx + Rebalance Cost
−$0.46
4 rebalances
vs HODL
+$9,239
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$35,433
LP fees earned, collected + accrued
Holding effect−$227,420
what the deposited inventory did on its own (token price)
Divergence / inventory effect−$26,193
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$0
transaction + priority fees
Net−$218,181
Realized −$68,264 · unrealized −$149,917. Gross fees are never reported as profit.
Benchmarks
On this run MM0 finished ahead of HODL, Static CL, Periodic rebalance. It finished behind Passive full-range LP. One simulated path is not evidence of outperformance; Stage 2 walk-forward testing is required before any such claim.
| Strategy | End NAV | Net P&L | LP fees | Divergence | Max DD (abs) | MM DD vs HODL | In range | Avg deployed | ±2% depth | Txs |
|---|---|---|---|---|---|---|---|---|---|---|
| MM0 | $582,416 | −$218,084 (−27.24%) | $35,433 | −$26,177 | −31.16% | −3.48% | 47% | 5% | $1,060 | 46 |
| HODL | $573,160 | −$227,340 (−28.40%) | $0 | $0 | −31.75% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $698,478 | −$102,022 (−12.75%) | $161,536 | −$36,219 | −24.10% | −3.16% | 100% | 90% | $5,319 | 1 |
| Static CL | $393,342 | −$407,158 (−50.86%) | $27,798 | −$207,616 | −57.21% | −38.66% | 16% | 94% | $12,143 | 1 |
| Periodic rebalance | $489,695 | −$310,805 (−38.83%) | $171,391 | −$254,855 | −50.36% | −32.39% | 98% | 19% | $13,341 | 59 |