It’s been almost one month since Hot Tub was launched. In this article, we’ll go over how anyone can track the performance of the on-chain strategy underlying the Hot Tub vaults!
Charting Hot Tub’s Performance with Dune
The official Hot Tub dashboard is hosted on Dune Analytics, providing all the information you need to know about the Hot Tub vaults.
From here, you can check out an explainer article of how the strategy works, visit the Hot Tub vaults’ pages, as well as view data related to each vault’s share price APR, share price and deposits and withdrawals.
The official Hot Tub dashboard tracks important information for the ETH vault. The first chart shows that Hot Tubbers are enjoying an APR of around 20% on their ETH holdings, reaching a peak of 32% APR during volatile market conditions.
As with the USDC vault, the table gives a more detailed breakdown of the ETH vault’s balance and returns generated each day.
Finally, the net deposits chart tells us that no one has ever left the ETH vault!
Now for some alpha! Although no one has ever withdrawn from the ETH vault, we’ll be raising the cap on April 20th to 120 WETH!
Want to earn a stable and sustainable yield on your ETH? Sign up to our waitlist here to be in for a chance to become a part of the next wave of deposits!
Let’s look at the stats for the USDC vault, which are also covered by the official dashboard. The first chart shows the evolution of the USDC vault’s APR over time.
The APR for the USDC vault trended lower due to low volatility and funding rate payments made by the vault, but the team is working on optimizing the return.
The table next to this chart shows more details about the vault’s performance, displaying the vault’s balance, share price, and returns generated on a daily basis.
Finally, there’s another chart tracking the daily movements in deposits and withdrawals into the USDC vault. The orange line measures net deposits while the blue bars represent the deposits and withdrawals for the USDC vault each day.
Community Dashboards for Hot Tub
Dune Analytics enables anyone to use blockchain data to create their own customized dashboards and generate interesting insights. Two of our community members have created some amazing dashboards for Perp’s Hot Tub vaults.
First up, community member Investgineer created his own customized Perp Hot Tub dashboard. You can use this dashboard to view the cumulative profit, the number of arbitrage trades, the amount of profit generated each day, as well as the average profit per trade for each vault.
For example, we can see that on April 5th, the ETH vault generated a daily profit of ~0.053 ETH across 35 arbitrage trades as the price of ETH experienced volatility and tested the $1900 handle.
Secondly, another of our community members Izayl also created a Hot Tub dashboard that summarizes the profitability of both vaults, along with a detailed table displaying every arbitrage trade and links to EtherScan for each transaction.
Note: we list All Perp related dashboards built by the foundation team and community members on this help center page.
Our community can help out by adding a star to these dashboards using your Dune account. More stars on these dashboards means greater visibility of the Hot Tub.
If you have created any visualizations for Perp’s Hot Tub vaults, or there’s some other information you’d like to see on our official dashboard, let us know via Discord or Twitter!