$LUMA/USDC
Simulation runMakingMODENORMAL
VENUESynthetic DLMM
PRICE0.01003
MAKER CAPITAL$919,859
DEPLOYED$357,692
±1% DEPTH$15.7K / $58.6K
INVENTORY26 / 74
NET MM P&L+$119.4K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$919,859
contributed $800,500
Net MM P&L
+$119,359
14.91%
LP Fees
+$87,196
$311 unclaimed
Divergence / Inventory
−$34,727
vs holding the deposits
Tx + Rebalance Cost
−$2.07
78 rebalances
vs HODL
+$52,465
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$87,196
LP fees earned, collected + accrued
Holding effect+$66,894
what the deposited inventory did on its own (token price)
Divergence / inventory effect−$34,727
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$2
transaction + priority fees
Net+$119,359
Realized +$120,201 · unrealized −$842. 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 | $919,805 | +$119,305 (14.90%) | $87,196 | −$34,676 | −6.01% | −4.55% | 99% | 42% | $39,936 | 207 |
| HODL | $867,287 | +$66,787 (8.34%) | $0 | $0 | −12.91% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $883,195 | +$82,695 (10.33%) | $17,675 | −$1,767 | −12.17% | −0.17% | 100% | 99% | $5,482 | 1 |
| Static CL | $1,035,653 | +$235,153 (29.38%) | $210,391 | −$42,024 | −7.74% | −4.97% | 89% | 89% | $122,590 | 1 |
| Periodic rebalance | $1,107,876 | +$307,376 (38.40%) | $144,512 | +$96,078 | −11.10% | −4.45% | 100% | 53% | $79,048 | 59 |