AI Summary
This video provides a step-by-step guide to farming points and earning airdrop rewards on Deepcoin, a perpetual decentralized exchange (perp DEX) on the SUI network. The presenter explains how to deposit stablecoins, generate trading volume, and leverage team multipliers to maximize point accumulation before the campaign ends on March 20th.
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Deepcoin is currently the highest revenue-generating protocol on the SUI network and is expected to remain so for weeks. Its points system has started, leading to an airdrop.
Arriving early to farm points makes a significant difference. The protocol offers multiple ways to earn, including depositing stablecoins.
Deepcoin has already overtaken other major protocols like Nave, Bluef, and Setetos in terms of TVL and activity.
Points are distributed weekly. Users can form teams to earn a 2x multiplier on points. The link to join is in the video description.
Points can be earned through swapping volume, providing liquidity in VT (Vault), and trading on the perp. The Horizon campaign awards points based on average daily balance in perp accounts and VT.
Unlike other SUI DEXs, Deepcoin offers near-instant order execution, reducing latency issues.
Log in with a wallet (e.g., Slush) or email. Deposit USDC into the perp account or VT to start earning points.
Points are earned from trading volume, maintaining open positions, and even from liquidation losses (partially converted to points).
Deposit USDC into the perp account, then trade to generate volume. VT deposits also earn points daily.
Use a bridge (e.g., Wormhole) to transfer USDC from Solana or other networks to SUI network for deposit into Deepcoin.
Use isolated orders with up to 40x leverage to generate significant volume and points quickly.
The presenter demonstrates placing a limit order that executes instantly, generating volume and points.
Users can track their points, points per locked TVL, and team multipliers on the Deepcoin platform.
Deepcoin is expected to remain the top protocol on SUI. The SUI token has strong backing and ecosystem growth.
Deepcoin is the leading perp DEX on SUI with a lucrative points farming campaign leading to an airdrop. Early participation, team multipliers, and leveraging trading volume are key to maximizing rewards.
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Study Flashcards (8)
What is Deepcoin?
easy
Click to reveal answer
What is Deepcoin?
Deepcoin is a perpetual decentralized exchange (perp DEX) on the SUI network that is currently the top revenue generator on SUI.
00:01
How can users earn points on Deepcoin?
medium
Click to reveal answer
How can users earn points on Deepcoin?
Points can be earned by depositing stablecoins into VT, generating trading volume on perp, maintaining open positions, and even from liquidation losses.
01:25
What is the team multiplier and how does it work?
medium
Click to reveal answer
What is the team multiplier and how does it work?
Users can form teams to earn a 2x multiplier on points. The more people join the team, the higher the multiplier.
00:58
What is the deadline for the Deepcoin points campaign?
easy
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What is the deadline for the Deepcoin points campaign?
The campaign ends on March 20th.
03:18
What is the maximum leverage available on Deepcoin?
easy
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What is the maximum leverage available on Deepcoin?
Up to 40x leverage is available for isolated orders.
06:17
How does Deepcoin's order execution compare to other SUI DEXs?
medium
Click to reveal answer
How does Deepcoin's order execution compare to other SUI DEXs?
Deepcoin offers near-instant order execution, unlike other SUI DEXs where orders can take time to execute.
02:09
What happens if a user gets liquidated on Deepcoin?
hard
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What happens if a user gets liquidated on Deepcoin?
Part of the liquidation loss is converted into points.
03:49
Which wallets are supported for logging into Deepcoin?
medium
Click to reveal answer
Which wallets are supported for logging into Deepcoin?
Deepcoin supports wallet login (e.g., Slush) and email login.
02:53
💡 Key Takeaways
Deepcoin is top revenue generator on SUI
Establishes the protocol's dominance and potential for airdrop rewards.
00:01Team multiplier for points
Encourages collaboration and amplifies rewards, a key strategy for maximizing airdrop.
00:58Fast execution on Deepcoin
Highlights a technical advantage over competitors, improving user experience.
02:09Liquidation converts to points
Unique mechanism that reduces the sting of liquidation by still rewarding users.
03:49Up to 40x leverage
Enables users to generate high volume with less capital, accelerating point accumulation.
06:17Full Transcript
[00:01] give you a protocol for the SU network. It's what's generating the most revenue, it's already the top one at SUI and will most likely continue to be for the next few weeks and months , okay? The points system for this protocol has begun. There will be an airdrop,
[00:17] arriving early makes all the difference. I'll show you here. There are four protocol. One of them is depositing stablecoin, okay? So I'm going to pull up the metrics. Leave a like on this video, okay? Subscribe to this channel. We have
[00:31] the network data here, and in Defile Lama, we have the network metrics. And we can already see here that I've already noticed, well, Deepin this ahead of several other big names at Red Sui, right? Nave, Bluef,
[00:44] Setetos, the biggest Dex on Reditsui, right? Now we have a new one, it's called Deepcoin, okay? I'm going to show you how to farm points in their campaign. Oh, you can deposit via VT too, I'll show you, okay?
[00:58] Aha. So they're handing out points every week, okay? They will start distributing them every week. We'll have to put together a team there too. Well, the double in multiplier, okay? So take this opportunity to put together
[01:11] a team. The link is in the Deep Cocoin description. Let's put together a team, let's score points together to get a multiplier, okay? So here's the deal with Deepcoin, guys. Ah, it's the Red SUI perp now, okay? And you can create
[01:25] points in various ways there, by swapping, using volume. Here at Horizon, their points campaign isn't awarding points for your information here, okay? But you can use it, man, if you need to do a swap, you know, exchange SU for SDC or protivo, you
[01:39] can do it from here, okay? But what will earn points is VT, it's about leaving the liquidity there, okay? It's currently showing around 22% APR as I'm recording this video, and I'm also building volume here at Perp, okay ? This here, man, perp at the beginning makes a
[01:55] difference. Okay, I'm going to show you how to farm, alright? This is another farming option for you. The difference here with Dacoin that I've noticed is that you can enter a trade very quickly, but latency is a problem. On Red Sui and
[02:09] other platforms, like Sodex, you place an order, you enter, and then it takes a while for it to be executed, whether at market or limit. So, with trading, you're not , and there's almost no instant execution. Deep
[02:24] querying is very fast, okay? You come in, you 're one of the people there, it's very fluid, okay? The orders. I'll show you this in practice, okay? So let's go. Here's what you're going to do to farm this airdrop, especially at the beginning, okay
[02:39] ? Go for it. Oh, you're going to log in with your wallet, right? Then there's Slush. SUI ecosystem, you should get one to participate in some airdrops on that network as well, okay? We've already caught several over there in the SUI network, like Bluefing,
[02:53] the SUI network, like Bluefing, Momentum itself, and others. Usa has a wallet here, dude, for the SUI system, okay? It might be Slush, but Dipcoin lets you sign in with an email address too, dude. This is really interesting; it
[03:05] 's a very simple platform to use as well. So you click to log in with email, you choose the email here, I'm choosing it here. And that's it, it will create the address for you. You deposit the SDC at this address and then you
[03:18] 'll be able to deposit using Perp, okay? You can also deposit points here on VTS to accumulate points until March 20th, okay? What will the Horizon campaign be like? Beauty? You can accumulate points based on your average
[03:33] daily balance in Perp accounts here and in VAL. Just by depositing into Perp's account here, you also earn points, okay? Trading volume generated, position maintained. An a small position open for a long time also generates a lot of points, okay?
[03:49] All of this information I'm gathering from the campaign documents, okay? Documents and settlement points. If you get liquidated, part of the loss also becomes points in this perp here, okay? And the execution is almost instantaneous. I'm going to log in here, I
[04:03] prefer to log in with my wallet, okay? And then you make the USDC deposit. We need to have USDC here, right? I deposited 154 STC. Now you come here, to the warehouse, right? make the deposit. Ready. It'll be right there. And then you start, man, to generate volume. And you
[04:21] can also take the VALT, man. You can go to the VAT office there and deposit it, okay? Here in the VTS tab. You can put 100 there, damn it, man. You can put 34 SDC there, confirm the deposit, okay?
[04:33] It will stay locked, and it will also keep earning points, okay? Every day. Okay, Sui token, right? Paying the fees is very cheap, man. The SUI fees are very cheap. If you don't have anything in your wallet, send
[04:47] and I'll send you a few cents, because that's what it I'll send it to all the wallets mentioned in the comments; I'll send cents in SUI tokens, okay? So you can receive and transact with SDC,
[05:02] deposit and withdraw, okay? If you have SDC Stable on other networks, you can use warm here, right? or a sub brid. So, man, there's an SDC over there on the referee network, on the Solana network. So, you come here, look, put the Solana network here, the
[05:16] SDC is there, okay? You'll log in with your wallet, obviously, okay? Da a source, a fonte aqui, Phantom, né? If you have an SCC account on the Solana network and the destination is the SUI network,
[05:28] wallet from the SUI network. So, I want to receive the STC on the STC network on the SUI network here, look. Okay? You're going to build that bridge, right? Activate the sui network
[05:47] the SUI wallet here, right? You have to connect, okay? It could also be X, or other wallets that support Red Suite. Phantom itself also supports Red Sui, right? But that's it. Go ahead, you'll receive the STC at the redu, you deposit it there
[06:01] at the DIP. You can make the deposit here, okay, man? This is from the SU and Network ecosystem. It's the protocol that's already at the top and will continue to be, TVL will increase. Yeah, there's some interesting potential here, okay? The main thing is
[06:17] arriving early. So, to generate volume, you have to do one of those isolated orders, you can generate up to 40x that, which is great, right? It's possible to generate a lot of volume, to form a lot of points, right? And then I'll show you how quickly the order is
[06:30] executed instantly. Dude, you enter the market, I'm going to place a limit order, okay? Oracle here, the Oracle price is this now, right? Hey man, I'm gonna go in, is this now, right? Hey man, I'm gonna go in, by long, I'm gonna put some order here, okay?
[06:43] also doing your own self-guarding, right? Unlike sex, you're in charge of your own self-custody here, because it's a Dex, right? And Dex has been generating more and more volume. Beauty? Oh, I gave the order, she hit it, it's already been executed, it's already gone in, right? Oh, it's already
[06:59] hit it, it's already been executed, it's already gone in, right? Oh, it's already in. 46 cents, 80 cents. I'm going to close in. 46 cents, 80 cents. I'm going to close the order here. It's really fast, man. Oh, we're already generating a volume of 6,000 here, okay? I opened at 3,000 and closed at 3,000, generating
[07:11] okay? I opened at 3,000 and closed at 3,000, generating 6,000 in volume, okay? And I made 20 cents in profit here, but oh well, it's about generating volume, that's just how it is. Beauty? So, place an order on the market instantly, bro. Instantly, come here and place the
[07:26] order at that price. Boom. Look here, it's already here. The order is in place. Beauty? You can wait a little bit, like, or end up with nothing , right? It also depends on you . You can't do that, man, this isn't investment advice, is it?
[07:41] doing. You're trading here, you're not going to gamble away everything you have in your life, okay? In a leveraged trade here , it'll be a little profit here, see? Three dolls in profit, dude. Come to me, that's
[07:55] dollars on fees to build up a lot of points, creating volume, okay? So, three STCs, look. Order closed, hit, closed, man. It's 122.
[08:08] Uh, 120, right? Now 122. I deposited 34 in the VTE there, which also earns points. And then you start building up the volume. Beauty? Their points program is right here, take a look form a team together. I recommend you check out this
[08:22] perp, the link is in the description. Just come in, okay? Because you'll already have a the more people who join the team, the more multipliers we'll get together, okay? And if people are farming in V only by
[08:34] farming points and you'll have the 2x multiplier, okay? So, these are the ways you can form points, okay? And then there are tools there that can help you, like a liquidity pool here, you can do that too, okay?
[08:50] But I think they're using Momentum's DEX to offer all this liquidity here, okay? Probably. So that's not the focus. If you want to make liquidity pudding, you can, right? It's possible to do, but that's not the focus. This is perpetual and
[09:04] deposits into a stable VT account, okay? From them. Beauty? If you need to make a bridge, use this method . And that way it's easier for you to deposit money into Perp, okay? Swap. SUAP is also available here, but it's not awarding points in the Horizon campaign.
[09:19] use it if you really need to, right? If you need to, you can exchange tokens here if you really need to, it's possible to do. But it's ideal for farming, for farming the airdrop, right, of the protocol, which is the top one from Red Sui, man, I'm
[09:34] bringing it to you because it's going to be here now, it has potential, okay? It has potential. The SUI Network, the SUI Token, also has a strong lobby in the United States , right? Well, the events there, people were impressed with the events in
[09:47] Singapore, with SUI and everything. Hmm, it's a token. My position in the token is small. I have a position, you know, it's still small, but we have the airdrops having right now, okay? Within the SUI network itself, it 's called Deepsui. Here, look, this is going to be the number one.
[10:04] at the top. I'm sure it will continue for weeks, several weeks, generating the highest revenue in the network, okay? There are tab points up there, right? Logical. Here you can track your points, points per locked TVL.
[10:19] So, just by depositing stablecoin there, you'll earn the points, right? Position points, settlement points. If you get liquidated, some of that will turn into points too, right? And points for trading. And it updates the points every day. You
[10:33] 'll be updating this every day, okay? From now on, this farm has started, okay? Now. Beauty? The link is in the description so you can access this in the description so you can access this top-tier SUI protocol, okay? Guys, we're in this
[10:46] bringing more airdrops. We're in a wave of perp right now, you have to a wave of perp right now, you have to understand, you have to know how to surf it, okay? We're all in this understand, you have to know how to surf it, okay? We're all in this together, thanks and see you next time. M.