The Swap Competition on its "GOLD Edition" is now finished!
Participants from all over the world competed to achieve the best Hedging Swap strategy with the Gold asset WPAXG, MetalSwap's Wrapped version of PAXG, and we now announce the TOP10 in-profit results!
From the fourth position downwards, rewards are going to be distributed on their ETH addresses during the next few days.
For the top three positions + the best swap of the competition, we kindly ask to contact firstname.lastname@example.org to fill out and sign the AML document and receive the corresponding rewards.
We would like to congratulate all participants, last month was quite a busy month for that particular asset!
During the last 30 days, the PAXG asset price has swung of 8% downwards from 1930$ to below 1780$!
Also an upwards hedging position would have been profitable as well, precisely between the days of the 13 and the 20 January!
Our swappers will have different percentages on their orders because they are calculated on metrics that depend on the amount of cover; less cover, more profit (but riskier position!)!
Leaderboard of the Swap Competition
4. 0xe304F563386F7d47F14E2f58951EAA2d3dEcF801 with a profit of 30.50%
5. 0xd6447d1b2d127d5a81544d0E5C8310B4A412DB59 with a profit of 20.30%
6. 0x8A5745844659AB0f8197Ced8646fC54Cd03E1137 with a profit of 17.86%
7. 0x770BCf63E3e6945fd2a23Ed6B74CD287632cC3C1 with a profit of 13.26%
8. 0xD5DF33234668D909F7CAdC3d6D7f269ba5544c61 with a profit of 6.00%
9. 0x1c0d65695E2DCCa93c4b56686F1adDC0946FBf53 with a profit of 5.05%
10. 0xE8520CE95D5B12114557ACb8ef565f2cd50a0342 with a profit of 1.22%
The best Hedging Swap of the competition has been made by
Congratulations to all the winners!
Please note that with the closure of this competition, a new one opens! We await your best strategies on the MetalSwap tool with "GOLD Last Call", the last competition completely dedicated to the new WPAXG asset!
Stay tuned: juicy news are coming along the way! ;)
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To the MetalSwap!
… and beyond!
-The DeFi Foundation
✎ What is MetalSwap?
With MetalSwap we enable hedge swap transactions through the use of Smart Contracts, AMM style.