The strategies, explained simply

Imagine two shops that sell the same toy. In shop 1, people who bet the price goes UP pay a small rent every hour to people who bet it goes DOWN. In shop 2 the rent is smaller.

1. We bet DOWN in the shop with the big rent, so we receive it.
2. We bet UP in the other shop with the same amount, so we pay only the small rent.
3. If the toy price goes up or down, one bet wins and the other loses the same amount. Price does not matter to us.
4. We keep the difference between the two rents, every hour.

Rent (called funding) is paid all the time, so money comes in a little every hour.

• The rents can change and the difference can shrink: then the bot closes the trade.
• Opening and closing costs fees, so we only enter when the difference is big (10%/yr or more).
• The two shops can show a tiny different price for a while: this is the “Price” line on the dashboard.

Same game as Bot A. But this player checks every hour and moves to the shop pair that pays the most right now.

1. Every hour it looks at all 4 shops (Hyperliquid, Binance, Bybit, OKX) for every coin.
2. If another pair pays clearly more (enough to pay back the moving cost in 3 days), it moves.
3. It is a test: is jumping around better than sitting still like Bot A?

Same as Bot A: rent difference, every hour.

• Each move costs fees. If it moves too often, the fees eat the rent.
• Not counted in the vault: it is only a comparison.

Curve is a place with many “swimming pools” full of digital dollars (USDC, USDT…). People need these pools to swap one dollar coin for another. To keep people in the pools, Curve gives prize tokens (CRV) every week.

1. We put our dollars in the 3 pools that give the most prizes for each dollar.
2. Every Thursday Curve changes the prizes, so we check again and move if better pools appear.
3. Our money stays dollars, so the price of Bitcoin does not matter here.

Prize tokens (CRV and others), counted every hour.

• A small dollar coin can lose its $1 value (this is the main danger).
• When many people join the same pool, each one gets fewer prizes.
• Moving costs a small fee (0.1%) each time.

Same as Bot B, but it only swims in pools with the biggest, best-known dollar coins.

1. Fewer prizes, but less danger.
2. It shows how much extra Bot B earns by taking small, newer coins.

Prize tokens, like Bot B.

• Smaller income than Bot B.
• Not counted in the vault: it is only a comparison.

cvxCRV is like a gift card for CRV that you can never cash in. So it always sells a bit cheaper than CRV, for example 0.95 instead of 1.00. Sometimes a person sells in a hurry and the price falls to 0.90.

1. The bot watches the normal price of each gift card over the last 7 days.
2. When the price falls much lower than normal, it buys.
3. At the same time it bets DOWN on CRV, so if CRV itself falls, we do not lose.
4. When the price goes back to normal (or after 7 days), it sells.

The jump from the sale price back to the normal price.

• Buying and selling these cards is expensive (about 1.8% per trade today): this is most of the costs you see.
• The price may stay low and not come back.

When you lock CVX tokens for 16 weeks, you get votes. With these votes you choose which Curve pools get prizes. Projects want prizes for their pool, so they pay voters every 2 weeks.

1. We buy CVX and lock it for 16 weeks.
2. At the same time we bet DOWN on CVX in another shop, so if CVX price falls, we do not lose.
3. Every 2 weeks we vote and receive the payment.

The vote payments, every 2 weeks (so the line jumps on payment days), plus or minus the rent on the DOWN bet.

• Payments can get smaller.
• The money is locked 16 weeks.
• The rent on the DOWN bet can be negative and cost us.

Imagine buying a coupon for 95 cents that becomes 1 dollar on a fixed day. That is PT-sUSDe on Pendle.

1. We buy the coupon below its final value.
2. Every day it is worth a little more, until the end date.
3. On the end date we get the full value and buy the next coupon.

A fixed yield, known on the first day. It grows smoothly every hour.

• If sUSDe (the dollar coin behind the coupon) has a problem, the coupon loses value.
• If we sell before the end date, the price can be a bit lower.

A digital dollar (USDC, USDT…) should always be worth $1. Sometimes many people sell one at the same time and it falls to $0.997 for a few hours, like a shop sale.

1. Every 5 minutes the bot checks the real price of 14 big digital dollars.
2. If one is on sale (0.998 or less, and cheaper than its normal price), it buys $2,000.
3. When the price comes back near $1, it sells. The difference is the profit.
4. It is also a doctor: it watches every digital dollar our bots hold and shows 🟢 OK, 🟡 WATCH, 🟠 WARNING or 🔴 ALERT if one starts to break.

Small gains (0.2–0.5%) each time a coin comes back to $1. Unused cash earns the PT coupon yield.

• Sometimes a coin falls because it is really broken and never comes back: the bot stops at -3%.
• Sales are rare: some weeks there may be no trade.

sUSDe can be changed into USDe (a digital dollar) but you must wait 1 day. People who do not want to wait sell it a little cheaper.

1. The bot buys sUSDe cheaper than its real value.
2. It asks to change it and waits 1 day.
3. It receives the full value in USDe and sells it for USDC.

The small discount (about 0.05–0.3%) for each day of waiting.

• If USDe falls below $1 during the wait, we get less.
• Often the discount is too small: then the bot waits.