$XYZ/USDC
Simulation runCircuit breakMODESAFE
VENUESynthetic DLMM
PRICE0.004851
MAKER CAPITAL$514,653
DEPLOYED$0
±1% DEPTH$0 / $16.0K
INVENTORY68 / 32
NET MM P&L−$285.8K
NEXT STRATEGY REVIEW00:01:00
Maker NAV
$514,653
contributed $800,500
Net MM P&L
−$285,847
−35.71%
LP Fees
+$20,342
$0 unclaimed
Divergence / Inventory
−$106,591
vs holding the deposits
Tx + Rebalance Cost
−$0.53
20 rebalances
vs HODL
−$86,250
market-making value added
NAV vs benchmarks · same price path & order flow
MM0HODLPassive full-range LPStatic CL
Performance attribution
Fee capture+$20,342
LP fees earned, collected + accrued
Holding effect−$199,597
what the deposited inventory did on its own (token price)
Divergence / inventory effect−$106,591
LP value vs HODL excluding fees: adverse selection, range exits, own swap costs
Network fees−$1
transaction + priority fees
Net−$285,847
Realized −$64,215 · unrealized −$221,631. Gross fees are never reported as profit.
Benchmarks
On this run MM0 finished ahead of Static CL. It finished behind HODL, Passive full-range LP, 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 | $514,707 | −$285,793 (−35.70%) | $20,342 | −$106,568 | −38.34% | −16.19% | 22% | 11% | $8,124 | 53 |
| HODL | $600,934 | −$199,566 (−24.93%) | $0 | $0 | −27.22% | — | — | 0% | $0 | 0 |
| Passive full-range LP | $757,278 | −$43,222 (−5.40%) | $181,845 | −$25,502 | −19.15% | −0.73% | 100% | 90% | $5,322 | 1 |
| Static CL | $444,681 | −$355,819 (−44.45%) | $24,895 | −$181,148 | −47.75% | −29.07% | 16% | 93% | $20,636 | 1 |
| Periodic rebalance | $601,599 | −$198,901 (−24.85%) | $215,247 | −$214,581 | −36.80% | −15.07% | 100% | 17% | $20,934 | 59 |