Bluefin is the largest decentralized derivatives trading platform on SUI, with the token $BLUE expected to launch at the end of June. Currently, the pre-trading price is maintained at 0.4u, while the investment price for institutional investors like Polychain is 0.25 per token, and the current airdrop cost is between 0.15 and 0.3u.

There is a significant price difference between the airdrop and pre-trading, allowing us to maximize profits in the last few days before the token opens for trading. Let's see how to do it.

This article is mainly divided into the following sections:

• Introduction ------ Frequent big profits in DEX
• Basic activities of Bluefin
• How to low-cost grab airdrops and maximize returns

I. Introduction ------ DEX track, frequent big profits

In the past 5 years, there have been 11 DEX projects with airdrops, totaling up to 11.4 billion USD, with an average profit of around 6000U per account, as shown below:

For example, previous projects like Uniswap, Jupiter, dYdX, 1INCH, Paraswap, CoW, ZigZag…

From this, we can see that DEX, as a target for quick airdrops, can easily yield big profits.

Note: Previous DEX airdrops may not have been so complicated; just burning transaction fees, slippage, and gas fees was enough. With the application of point systems, many platforms have started using a points system, but the advantage of DEX airdrops is that the returns can be calculated. By combining various welfare activities from project parties and seizing opportunities, profits can be maximized.

II. Basic activities of Bluefin

Bluefin is a decentralized derivatives trading platform on Sui, led by Polychain, with other investors including SIG, BH Digital, Tower Research, Wintermute, etc.

The token $BLUE is expected to launch at the end of June, with the pre-trading price maintained at 0.4u. The investment price for institutional investors like Polychain is 0.25 per token, while the current airdrop cost is between 0.15 and 0.3u, presenting a significant profit margin.

https://app.aevo.xyz/perpetual/blue

Currently, there are 4 activities: regular trading mining, Bluefin Leagues, referral rewards, and stablecoin pool points.

(1) Trading Mining: Earn Sui tokens and Blue Points (distributed weekly)

• Earn points. Trading mining allows you to share approximately 80,000 Sui and 500,000 Blue Points weekly. When trading on the platform, you will see a real-time estimated value of the rewards you can expect at the end of the week. For details, see: https://trade.bluefin.io/referral/v2-i5yp5l

(2) Bluefin Leagues (Key Section)

The key section (trading mining) is where the token will be launched in the coming weeks, and the following content will revolve around this.

Users can increase their trading volume on the platform to reach corresponding levels and earn an NFT. The higher the NFT level, the more rewards you can earn, including additional airdrop rewards beyond Sui tokens and Blue Points.

• Registration link: https://trade.bluefin.io/referral/v2-i5yp5l

From the above, trading volume, deposit balance, and levels correspond as follows:

• Sapphire level requires a trading volume of 25 million, with a deposit account reaching 10,000 U, expected to earn 8,000 to 15,000 points;
• Black level requires a trading volume of 5 million, with a deposit account reaching 7,500 U, expected to earn 1,600 to 3,000 points;
• Platinum level requires a trading volume of 500,000, with a deposit account reaching 1,000 U, expected to earn 150 to 300 points;
• Gold level requires a trading volume of 100,000, expected to earn 30 to 150 points;

Trading volume = Opening trade amount ✖️ Contract multiplier + Closing trade amount ✖️ Contract multiplier

The next section will introduce multiple opening strategies and returns. Here we just need to know that the expected return for the Sapphire level is 250 times that of the Gold level, but it is not necessary to rush for the Sapphire level. The key strategies are as follows:

• If you are currently at the Black level, you can aim for the Sapphire level; the trading volume difference is 5 times, and the rewards may differ by 5 to 10 times.
• If you are new or do not have much capital, you can directly aim for the Gold level. The advantage of the Gold level is that you do not need to have a 1,000 U account balance; you only need to reach a trading volume of 100,000.
• If you want to achieve airdrop returns equivalent to the Platinum level, you only need to open 5 to 10 accounts. (Remember to ensure IP isolation for multiple accounts)
• The airdrop rewards from 15 to 20 Gold accounts may be comparable to that of one Sapphire account; allocate your funds accordingly.

(3) Open Referral Program

The low-cost strategy mentioned above can use the referral mechanism to increase rebates. By binding referral codes, both parties can receive a 10% bonus. You can bind my code for the first time: v2-i5yp5l, and later bind your own.

https://trade.bluefin.io/portfolio/referral-program

(4) Bluefin Stable Pools:

You can deposit stablecoins here to earn Sui tokens and Blue Points, with returns of: 24% APR + Blue Points;

III. How to low-cost grab airdrops and maximize returns

Bluefin is the largest decentralized derivatives trading platform on SUI. To grab airdrops on the platform, a certain strategy is required; otherwise, it is easy to face liquidation. Here, in addition to introducing low-cost airdrop strategies, multiple opening order methods will also be discussed.

(1) Estimated Returns

Taking the highest level, Sapphire, as an example, with a trading volume of 25 million, the cost ranges from 2,500 to 8,750 U. A conservative estimate can yield around 18,000 points, while the text part is calculated based on 20,000 points.

As mentioned, participating in Bluefin Leagues not only provides Sui tokens and Blue Points but also additional airdrop rewards. The Sapphire level can approximately earn 5,000 to 10,000 $Blue tokens in airdrops.

Thus, a Sapphire user can earn a maximum of 20,000 points + 5,000 $Blue airdrop, calculated at a pre-trading price of 0.4u, resulting in gross income of 10,000u. (Points can be exchanged 1:1 for $Blue tokens)

If you can achieve 25 million in three days, then the profit in three days would be between 1,250 and 7,500 U. The reason for this large difference is related to the trading method we choose;

The corresponding fee and gross profit comparison table for various trading models is as follows:

The table does not include Sui rewards, but Sui rewards are always available, and this part of the income can cover transaction fees.

Under normal circumstances, as can be seen from the table, if all transactions are done using the Market mode, the fees can be as high as 0.035%, making it easy to be countered. It is recommended to use Limit trading or 75% Limit + 25% Market to save costs.

If capital is limited, you can adopt a low-cost strategy by opening 10 accounts, inviting each other, and completing all trades in 3 days, with a maximum return of 1,520 U in 3 days, and an investment of 1,000 to 2,000 U, resulting in a return rate of 76% to 152%. (Remember to ensure IP isolation for multiple accounts)

(2) Multiple Opening Methods

If you are doing it manually, it is recommended to hedge. We cannot afford the risks of contracts, and it is safest to hedge between two accounts.

It is suggested that Account A invites Account B, and then they hedge as follows:

• Open a long position in the A browser, then click Buy; a confirmation window will pop up in the wallet, do not confirm yet;
• Open a short position in Account B, click Sell; a confirmation window will pop up in the wallet, do not confirm yet;
• Once both sides are ready, first confirm the Buy pop-up, then confirm the Sell pop-up. This ensures that your closing trade follows your opening trade and prevents others from arbitraging. Set a larger slippage to avoid failure.

Trading mining is the fastest way to earn points, and the costs are controllable. If you want to make large trades using the above methods, you can start with small amounts.