$KORA/USDC
Simulation runMakingMODEBOOTSTRAP
VENUESynthetic DLMM
PRICE0.01186
MAKER CAPITAL$334,175
DEPLOYED$99,603
±1% DEPTH$2.87K / $7.79K
INVENTORY53 / 47
NET MM P&L+$53.9K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$334,175
contributed $280,300
Net MM P&L
+$53,875
19.22%
LP Fees
+$23,787
$211 unclaimed
Divergence / Inventory
+$4,084
vs holding the deposits
Tx + Rebalance Cost
−$0.78
27 rebalances
vs HODL
+$27,870
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$23,787
LP fees earned, collected + accrued
Holding effect+$26,005
what the deposited inventory did on its own (token price)
Divergence / inventory effect+$4,084
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$1
transaction + priority fees
Net+$53,875
Realized +$35,898 · unrealized +$17,977. Gross fees are never reported as profit.
Benchmarks
On this run MM0 finished ahead of HODL, Passive full-range LP. It finished behind Static CL, Periodic rebalance. 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 | $334,121 | +$53,821 (19.20%) | $23,787 | +$4,080 | −18.58% | −4.10% | 98% | 29% | $8,838 | 78 |
| HODL | $306,255 | +$25,955 (9.26%) | $0 | $0 | −19.37% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $313,915 | +$33,615 (11.99%) | $8,383 | −$723 | −19.34% | −0.64% | 100% | 98% | $1,892 | 1 |
| Static CL | $347,328 | +$67,028 (23.91%) | $49,303 | −$8,230 | −21.93% | −7.61% | 99% | 92% | $21,276 | 1 |
| Periodic rebalance | $366,461 | +$86,161 (30.74%) | $35,874 | +$24,333 | −23.17% | −7.93% | 100% | 69% | $15,794 | 27 |