What your points are plausibly worth on each perp DEX still farming an airdrop. Start from the gross number; add the costs you can actually estimate, one line at a time.
Venue 10 perp DEXes with a live or expected points program
Fully diluted valuation on day one, not circulating market cap.
Season one only. If the program runs multiple seasons, use the slice this season gets.
The most uncertain input, and the one that moves the answer most. Defaults are rough public estimates — overwrite them.
Kept separately per venue, so you can flip between them without retyping.
Nothing added, so the estimate above is gross. Add only the lines you can put a real number on — a rough cost is worse than none.
Across FDV outcomes and airdrop sizes, holding your points fixed. The highlighted cell is your current assumption.
Whatever points actually change hands at — a pre-market bid, an OTC fill, a points-market mid. Leave at 0 if there is no market.
Recorded quotes
allocation = FDV × airdrop share, then value per point = allocation ÷ total points and gross = your points × value per point.
Each cost line you add is subtracted from gross to give the net. A realized trading gain is entered as a gain and adds back instead of subtracting.
Break-even FDV is the valuation at which net reaches zero. Implied FDV works the reverse way: price per point × total points ÷ airdrop share.
Vesting and cliffs — tokens are valued at day-one FDV, as if fully liquid. Sybil filters, minimum thresholds and per-wallet caps. Points that keep accruing after you stop. Multi-season splits.
Not financial advice. Every figure here is your assumption, not a forecast.