$VOID/USDC
Simulation runMakingMODENORMAL
VENUESynthetic DLMM
PRICE0.007540
MAKER CAPITAL$751,024
DEPLOYED$336,991
±1% DEPTH$18.0K / $60.7K
INVENTORY70 / 30
NET MM P&L−$49.5K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$751,024
contributed $800,500
Net MM P&L
−$49,476
−6.18%
LP Fees
+$98,791
$539 unclaimed
Divergence / Inventory
−$54,968
vs holding the deposits
Tx + Rebalance Cost
−$1.93
70 rebalances
vs HODL
+$43,819
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$98,791
LP fees earned, collected + accrued
Holding effect−$93,295
what the deposited inventory did on its own (token price)
Divergence / inventory effect−$54,968
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$2
transaction + priority fees
Net−$49,476
Realized −$22,139 · unrealized −$27,337. Gross fees are never reported as profit.
Benchmarks
On this run MM0 finished ahead of HODL, Passive full-range LP, 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 | $750,884 | −$49,616 (−6.20%) | $98,791 | −$55,028 | −12.68% | −2.74% | 93% | 53% | $98,003 | 193 |
| HODL | $707,123 | −$93,377 (−11.67%) | $0 | $0 | −12.16% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $714,855 | −$85,645 (−10.70%) | $11,992 | −$4,260 | −11.30% | −0.17% | 100% | 99% | $5,305 | 1 |
| Static CL | $680,289 | −$120,211 (−15.02%) | $52,291 | −$79,125 | −19.29% | −10.10% | 30% | 90% | $96,377 | 1 |
| Periodic rebalance | $685,308 | −$115,192 (−14.39%) | $74,496 | −$96,311 | −20.29% | −11.21% | 97% | 25% | $85,978 | 59 |