A crypto trader has impressively transformed a mere $6,800 into $1.5 million, achieving this remarkable feat by employing a one-sided quoting strategy. Within just two weeks, the trader contributed over 3% of the maker-side liquidity on a notable crypto exchange, with a trading volume of $1.4 billion. This approach involves quoting only one side of the order book at any given time, which could lead to risks such as adverse selection where more knowledgeable traders might exploit the quotes. Nevertheless, the trader has managed to maintain profitability with a maximum drawdown of only 6.48%. The strategy capitalizes on maker rebates with a -0.0030% maker fee, highlighting considerable gains from liquidity provision. Notably, the trading activities focus solely on perpetual futures contracts, avoiding spot holdings or staking. Currently, the trader holds long positions in Solana worth $175,000 and a short position of $20,000 in Dogecoin.

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