Recently, a friend asked me whether participating in trading competitions can actually make money. So I decided to lay out this month's actual bills.

In December, I participated in the second phase of the competition and airdrop projects. For the competition, I mainly traded the tokens LAB, BOB, and NIGHT, with daily wear and tear fluctuating between 5-15u. In the end, I sold 73u worth of LAB, and although I traded BOB frequently, I also incurred significant wear and tear. NIGHT was traded the most, with a final sale of 140u, but I lost 11u on hedging and another 5u on fees.

In the ARB competition, I sold 69u, and LAVA sold 37u; these also contributed quite a bit. The airdrops were somewhat surprising—IR, RTX, and ZKP sold for 40u, 37u, and 40u respectively, plus 37u from LAVA. This part actually became the main source of profit.

Here's a summary of the data: total wear and tear was 193u, trading profit was 234u, and the net profit for December was 41u. It sounds pretty good, but honestly, VSN was caught off guard (stolen tower), and NIGHT's hedging got a bit confusing. Now, the competition has basically evolved into wear and tear hedging, and actually, collecting more airdrops has become the real profit point.