$MILO/USDC
Simulation runMakingMODENORMAL
VENUESynthetic DLMM
PRICE0.01131
MAKER CAPITAL$979,182
DEPLOYED$535,121
±1% DEPTH$35.8K / $84.1K
INVENTORY33 / 67
NET MM P&L+$178.7K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$979,182
contributed $800,500
Net MM P&L
+$178,682
22.32%
LP Fees
+$104,096
$978 unclaimed
Divergence / Inventory
−$26,009
vs holding the deposits
Tx + Rebalance Cost
−$1.75
44 rebalances
vs HODL
+$78,084
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$104,096
LP fees earned, collected + accrued
Holding effect+$100,599
what the deposited inventory did on its own (token price)
Divergence / inventory effect−$26,009
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$2
transaction + priority fees
Net+$178,682
Realized +$176,133 · unrealized +$2,549. 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 | $979,275 | +$178,775 (22.33%) | $104,096 | −$26,061 | −7.42% | −2.50% | 100% | 50% | $48,139 | 175 |
| HODL | $901,242 | +$100,742 (12.58%) | $0 | $0 | −11.66% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $915,608 | +$115,108 (14.38%) | $18,236 | −$3,869 | −10.90% | −0.38% | 100% | 99% | $5,727 | 1 |
| Static CL | $1,008,403 | +$207,903 (25.97%) | $182,182 | −$75,022 | −6.30% | −7.28% | 75% | 88% | $102,716 | 1 |
| Periodic rebalance | $987,807 | +$187,307 (23.40%) | $141,763 | −$55,198 | −6.22% | −8.12% | 100% | 52% | $76,535 | 59 |