Lookonchain APP

App Store

How I Made $1,500 Risk-Free on Polymarket by Exploiting Bot Incentives

toto
/6 hours ago
By spotting illiquid Harmonix markets on Polymarket, I exploited rebalancing bots chasing USDC rewards. With just $100, I repeatedly trapped their auto-orders between bid-ask spreads—earning $1,500 in two hours, completely risk-free.

I just made 1500$ on @Polymarket in 2 hours, fully risk free, with just 100$ capital.

For context, Polymarket has an incentive program where you can get USDC rewards for placing limit order around mid price of a market

Some people have bot that automatically rebalance their limit order when the price move, so they continue to accrue USDC rewards

But what happen when the market is illiquid ? They get rekt😬

Today, I just discovered these illiquid Harmonix markets, we will only focus on the "25m fdv" market here

The best bid is at 33c, and when I put a 5 shares sell order at 34c, the bot automatically add 100 shares sell order at the same price to stay in range

So I buy his 100 shares at 34c Then I will put a 5 shares buy order at 58c (best ask is 59c)
The bot will put 100 shares buy order at 58c (to stay within the range for USDC incentives), and I will dump on him

Just repeat until the bot run out of money

Relevant content
The $48 Billion Math Error: Why Strategy Inc.s Bitcoin Empire May Collapse Within 90 Days

Strategy Inc. controls 3.26% of all Bitcoin but faces a liquidity cliff. With $54M cash, $700M annual dividends, collapsing equity premiums, and potential MSCI index exclusion, it risks forced BTC sales that could shatter both its model and the market.

Shanaka Anslem Perera /6 hours ago

The $2 Trillion Whiplash: Inside the Fastest Market Reversal Since “Liberation Day”

In just five hours, the SP 500 erased $2T in market cap as Nvidia flipped from +6% to -3% despite record earnings. No headline caused it—extreme leverage, binary AI-driven sentiment, and record margin debt triggered a mechanical, fear-fueled reversal.

The Kobeissi Letter/4 days ago

Stables Are Not Stable: How the Stream Finance Collapse Exposed DeFi’s Structural Illusion of Safety

The implosion of Stream Finance’s xUSD and its contagion across DeFi wasn’t a hack—it was systemic failure. Recursive leverage, fake transparency, and circular dependencies revealed a harsh truth: DeFi’s “stable” yield is built on fragility and denial.

YQ/6 days ago

Why Your Coin Isn’t Pumping: The End of the Beginning for Crypto Valuations

Crypto got everything it asked for—ETFs, regulation, adoption—and prices still fell. The truth: most tokens trade at absurd multiples on casino-style revenue. Until real users and recurring value emerge, this isn’t a bull market—it’s a reality check.

Santiago R Santos/2025.11.19

Bitcoins True Death Cross: Why This Breakdown Marks the Start of a Bear Market

Unlike previous fake death crosses that occurred above the EMA50, Bitcoin has now fallen 6% below it, confirming a true bearish phase. With ETFs and whales both selling, fear rising, and macro stress building, this cycles sentiment shift looks decisive.

Doctor Profit/2025.11.17

Zcashs Revival: How ZEC Is Reclaiming Bitcoins Lost Cypherpunk Soul

As Bitcoin drifts toward institutional capture and surveillance, Zcash is emerging as the truer heir to Satoshi’s vision. With privacy, shielded swaps, Winklevoss backing, and surging adoption, $ZEC may now embody the freedom Bitcoin abandoned.

Simon/2025.11.14