Hotpot V3 51th Weekly Report

4 min readApr 7, 2022

Dear Hotpot fans，

Welcome to the 51th weekly report of the Hotpot Sets. We will continue to output the project’s operation and technology development progress for you, hoping to help you understand the Uniswap V3 platform in DeFi filed, and we wish providing you the first-hand market dynamics and better Defi investment decisions.

March 28 , 2022 to April 3, 2022

Data Section

The fee income earned by Hotpot Set for users continues to increase. As of last Friday, the Ethereum mainnet set fee accumulated to $16,794.41, an increase of 10 percentage points year-on-year, the Arbitrum set deterministic income rose to $15,544.59, and the Polygon set fee income accumulated to $293.12.

In addition to the main fee income, there is actually an increase in the currency price when investing in Hotpot, but since the end of last year, the price of ETH has fallen, so the currency price income is less and even some users have lost their principal.

But it is worth mentioning that with the recent recovery of the currency price and the increase in the cumulative income of fees, some investors have already made good returns. Over time, even if the currency price is sideways, users can get more generous income.

According to data from last week, most of Ethereum’s users have positive returns, and Polygon’s user returns are all positive. Large users on Arbitrum can also earn substantial profits before withdrawing.

Figure 丨 Details of some user income data of Hotpot Sets

Operation section

“Hotpot’s official weekly report shows that some users have made considerable profits. However, why are the APRs I see all negative?” This is a question that many new users have been puzzled by recently.

First of all, the current Hotpot Set has been deployed on multiple public chains, so the data you see on the current page only represents a corresponding public chain set.

Secondly, the revenue data displayed on the Hotpot homepage is not APR (Estimated Revenue), but the real real-time total revenue value and it does not represent the revenue of all personal accounts.

Let’s take the most representative Ethereum mainnet Set as an example. As shown in the figure, the real-time total rate of return of Set is negative, but through [Query], we can see that the income of individual users is also positive.

Figure 丨 Ethereum set income performance

In addition to this, new investors joining Hotpot will also pull down Set’s total yield. Because the fee income of new users is less accumulated in the time period just invested, the rate of return presented by a single person will be lower, which will lower the real-time total rate of return of the entire fund pool.

Through the above description, I believe it is not difficult for everyone to see that investing in Hotpot is actually a long-term thing. The longer the accumulation time, the more fee income, and the stronger the account’s anti-risk ability.

Finally, we give the following objective suggestions on how to choose the Hotpot Set on the three public chains, combined with the actual revenue performance.

If the deposit is greater than $5W, the investors who choose the Ethereum mainnet will have better Set benefits; if you want to focus on being an LP of USDC-ETH. The Hotpot Set on Arbitrum is a great option. If you want to provide liquidity for WMAITC-ETH and earn income, Set on Polygon is worth considering.