Farming turns a venue’s volume target into hedged trades, with one price to approve.

Venues run time-limited competitions: double points for a week, a volume race with a prize pool. Pick one and its terms fill the plan in. The plan reads as one sentence at the top of the page, and the underlined parts are yours to change. A campaign sets the venue and the deadline; its volume is where you start, and As much as we can sizes the target to your capital instead. For a programme we haven’t parsed, choose Set it myself.

A long on the campaign’s venue is mirrored by a short on a hedge venue, same size, at the same time. Price moves cancel, so the volume counts without the price risk. Every leg posts its own margin, so the venue holding the least caps the whole mission. You don’t pick a size or a leverage; the balance decides.

The quote is a price per $1M of volume. Expected uses today’s funding on the route the plan would run, and it moves with the market. Worst case never counts funding in your favour, and charges it where the route has been paying the other way. It is the number you approve, and the server re-prices at Start and refuses if the price has moved past it.

Once a mission runs, the first question is whether it will make its target in time. The bar is volume farmed, and the line is how much of the window has passed, so you can tell at a glance whether it is ahead or behind.

During a cycle the long on the farm venue and the short on the hedge face each other. The middle shows the exposure a hedge fill hasn’t covered yet, kept within 0.2% of a leg. While a cycle is building, that gap is large by design, and the phase label says so.

Funding pays at each hourly settlement, and only if the position is open when it lands. Each square is one settlement: green when the position was open for it, red when it was missed.