New announcement from 0xmgb in Discord:
We will be delisting $AI16Z on November 5th at 10:00 UTC (<t:1762336800>) due to an upcoming token swap. Positions still open at this time will be force-settled at fair value.
We will be delisting $AI16Z on November 5th at 10:00 UTC (<t:1762336800>) due to an upcoming token swap. Positions still open at this time will be force-settled at fair value.
New announcement from mr_plumpkin in Discord:
Notice for market SOON: we will be adjusting the funding rate clamp from 2% to 0.8%. The funding rate will smoothly converge to the new clamp.
Notice for market SOON: we will be adjusting the funding rate clamp from 2% to 0.8%. The funding rate will smoothly converge to the new clamp.
❤1
New announcement from ecovar in Discord:
Notice for market SOON: we have adjusted the clamp to 1.5% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 1.5%.
Notice for market SOON: we have adjusted the clamp to 1.5% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 1.5%.
New announcement from ecovar in Discord:
Notice for market KAVA: we have adjusted the clamp to 4% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 4%.
Notice for market KAVA: we have adjusted the clamp to 4% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 4%.
New announcement from ecovar in Discord:
Notice for market LSK: we have adjusted the clamp to 2.5% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 2.5%.
Notice for market LSK: we have adjusted the clamp to 2.5% for premium index values recorded henceforth. This will effectively allow the funding rate to reach 2.5%.
New announcement from 0xmgb in Discord:
Welcome back to another biweekly update!
**Product**
* The most recent mainnet release was [v0.3.0](<https://discord.com/channels/1196857788220067943/1338537927365492818/1436190979919974551>)
* Implemented trigger orders (market orders that submit when mark price crosses set trigger price).
* Fix for referral code botting: if a referral doesn’t trade on Omni within 24h of using the code, they will be removed as a referral.
* Added rate limits.
**Community**
* The new Variational website has been [translated into 9 different languages](<https://x.com/variational_io/status/1985774316953420262>) thanks to community translators (with more on the way!).
* Omni took 6 months to go from $0 to $1B in trading volume, and [3 months to go from $1B to $40B](<https://x.com/variational_io/status/1987998797847470550>).
* A significant portion of Omin’s volume has [come from “long-tail” markets](<https://x.com/variational_io/status/1988357773265146015>).
* A [community Twitter space](<https://x.com/ElNachoCrypto/status/1986583800286007711>) has been scheduled for November 17th.
**Metrics**
* *Key Metrics*
* Total Volume Traded: $44,252,040,160
* Current Dual-Sided OI: $385.35M
* Total Trades Placed: 13,270,043
* Total Tokens Currently Listed: 494
* *Rewards Metrics*
* Total Losses Refunded: $1,955,410
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.3%
* *User Metrics*
* Daily Active Users (avg. over past week): 3861
* Weekly Active Users: 8,054
* *Revenue Metrics*
* 2w Revenue: $1,044,461
* Revenue Directed to OLP: $636,462
* Revenue Directed to Loss Refund Pool: $407,999
* Total OLP PnL: $6,004,900
Thank you @everyone for supporting Omni! This past two weeks, we’ve been cooking up some new features and functionality that we’re very excited to put in mainnet; stay tuned.
Welcome back to another biweekly update!
**Product**
* The most recent mainnet release was [v0.3.0](<https://discord.com/channels/1196857788220067943/1338537927365492818/1436190979919974551>)
* Implemented trigger orders (market orders that submit when mark price crosses set trigger price).
* Fix for referral code botting: if a referral doesn’t trade on Omni within 24h of using the code, they will be removed as a referral.
* Added rate limits.
**Community**
* The new Variational website has been [translated into 9 different languages](<https://x.com/variational_io/status/1985774316953420262>) thanks to community translators (with more on the way!).
* Omni took 6 months to go from $0 to $1B in trading volume, and [3 months to go from $1B to $40B](<https://x.com/variational_io/status/1987998797847470550>).
* A significant portion of Omin’s volume has [come from “long-tail” markets](<https://x.com/variational_io/status/1988357773265146015>).
* A [community Twitter space](<https://x.com/ElNachoCrypto/status/1986583800286007711>) has been scheduled for November 17th.
**Metrics**
* *Key Metrics*
* Total Volume Traded: $44,252,040,160
* Current Dual-Sided OI: $385.35M
* Total Trades Placed: 13,270,043
* Total Tokens Currently Listed: 494
* *Rewards Metrics*
* Total Losses Refunded: $1,955,410
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.3%
* *User Metrics*
* Daily Active Users (avg. over past week): 3861
* Weekly Active Users: 8,054
* *Revenue Metrics*
* 2w Revenue: $1,044,461
* Revenue Directed to OLP: $636,462
* Revenue Directed to Loss Refund Pool: $407,999
* Total OLP PnL: $6,004,900
Thank you @everyone for supporting Omni! This past two weeks, we’ve been cooking up some new features and functionality that we’re very excited to put in mainnet; stay tuned.
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
❤2
New announcement from 0xmgb in Discord:
**Referral rewards are now live on Omni!**
Over $1M in referral rewards have been paid out retroactively in USDC:
* 0.5bps of volume referred for activity before ref reward changes on Oct 17.
* 5% of spread paid by referrals for activity after Oct 17.
Going forward, referral rewards will accumulate in the rewards page to be claimed by users.
Other changes from this release include…
* A setting for “privacy mode” that hides $ values.
* A setting to “play sound on order fill.”
* Each address is now limited to three loss refunds per day.
* Referral code anti-botting has been adjusted to give users 1 week after signing up to trade.
* Rate limits have been made more forgiving.
Read the full release notes in the <#1338537927365492818> channel. As always, thanks @everyone for trading on Omni!
**Referral rewards are now live on Omni!**
Over $1M in referral rewards have been paid out retroactively in USDC:
* 0.5bps of volume referred for activity before ref reward changes on Oct 17.
* 5% of spread paid by referrals for activity after Oct 17.
Going forward, referral rewards will accumulate in the rewards page to be claimed by users.
Other changes from this release include…
* A setting for “privacy mode” that hides $ values.
* A setting to “play sound on order fill.”
* Each address is now limited to three loss refunds per day.
* Referral code anti-botting has been adjusted to give users 1 week after signing up to trade.
* Rate limits have been made more forgiving.
Read the full release notes in the <#1338537927365492818> channel. As always, thanks @everyone for trading on Omni!
New announcement from ecovar in Discord:
Trading notice: we are delisting `ETHW` , `ZRC` and `A8` in line with other major exchanges..
Trading notice: we are delisting `ETHW` , `ZRC` and `A8` in line with other major exchanges..
New announcement from ecovar in Discord:
Trading notice: we are delisting `CELR` in line with other major exchanges
Trading notice: we are delisting `CELR` in line with other major exchanges
New announcement from ecovar in Discord:
Trading notice: we are delisting `RSS3`, `GTC`, `GLMR`, `PERP`, and `SUNDOG` in line with other major exchanges.
Trading notice: we are delisting `RSS3`, `GTC`, `GLMR`, `PERP`, and `SUNDOG` in line with other major exchanges.
❤3
New announcement from 0xmgb in Discord:
Welcome back to another biweekly update!
**Product**
* The most recent mainnet releases were [v0.3.4](<https://discord.com/channels/1196857788220067943/1338537927365492818/1439087909700501555>) and [v0.4.2](<https://discord.com/channels/1196857788220067943/1338537927365492818/1443111134113829036>).
* Referral rewards are now live.
* Setting for “privacy mode” that hides $ values.
* Setting to “play sound on order fill.”
* Rate limits have been made more forgiving.
* Each address is now limited to three loss refunds per day.
* Referral code anti-botting mechanism has been adjusted to give users 1 week after signing up to trade.
* Re-enabled referral reward claims.
* UPnL is now shown in both % and $.
* Fixed issue that caused loss refund referral rewards to count towards the 3/day limit.
* Faster quoting and trigger checking for limit, trigger, and TP/SL orders.
**Community**
* Variational co-founder <@936805508898238494> [shared that ref rewards are the third of 5 planned mechanisms](<https://x.com/mr_plumpkin/status/1989533009469657276>) to share revenue back to the community.
* We posted the [first](<https://x.com/variational_io/status/1990492559207248352>) (and [second](<https://x.com/variational_io/status/1993108846278312244>)) “Retail Sentiment Index” constructed from Omni’s OI data.
* [Omni crossed $2M](<https://x.com/variational_io/status/1991633766805389703>) in loss refunds processed.
* On-chain metrics for referral rewards were [added to the Variational Dune Dashboard](<https://x.com/variational_io/status/1993779405492256862>).
* <@920064176506937405> hosted [the first community-run Variational Twitter Space](<https://x.com/ElNachoCrypto/status/1986583804295909877>) and has a [second one planned for December 1](<https://x.com/ElNachoCrypto/status/1993082132369977477>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $61,054,525,224
* Current Dual-Sided OI: $387.88M
* Total Trades Placed: 23,439,493
* Total Tokens Currently Listed: 489
* *Rewards Metrics*
* Total Losses Refunded: $2,549,095
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.15%
* *User Metrics*
* Daily Active Users (avg. over past week): 5,003
* Weekly Active Users: 12,136
* *Revenue Metrics*
* 2w Revenue: $1,498,692
* Revenue Directed to OLP: $986,035
* Revenue Directed to Loss Refund Pool: $303,886
* Revenue Directed to Referral Rewards Pool: $208,771 (excluding ~$1.1M backfill)
* Total OLP PnL: $6,990,935
Thank you for your continued support @everyone! We’ve got some more exciting updates lined up as we enter the final month of the year.
Welcome back to another biweekly update!
**Product**
* The most recent mainnet releases were [v0.3.4](<https://discord.com/channels/1196857788220067943/1338537927365492818/1439087909700501555>) and [v0.4.2](<https://discord.com/channels/1196857788220067943/1338537927365492818/1443111134113829036>).
* Referral rewards are now live.
* Setting for “privacy mode” that hides $ values.
* Setting to “play sound on order fill.”
* Rate limits have been made more forgiving.
* Each address is now limited to three loss refunds per day.
* Referral code anti-botting mechanism has been adjusted to give users 1 week after signing up to trade.
* Re-enabled referral reward claims.
* UPnL is now shown in both % and $.
* Fixed issue that caused loss refund referral rewards to count towards the 3/day limit.
* Faster quoting and trigger checking for limit, trigger, and TP/SL orders.
**Community**
* Variational co-founder <@936805508898238494> [shared that ref rewards are the third of 5 planned mechanisms](<https://x.com/mr_plumpkin/status/1989533009469657276>) to share revenue back to the community.
* We posted the [first](<https://x.com/variational_io/status/1990492559207248352>) (and [second](<https://x.com/variational_io/status/1993108846278312244>)) “Retail Sentiment Index” constructed from Omni’s OI data.
* [Omni crossed $2M](<https://x.com/variational_io/status/1991633766805389703>) in loss refunds processed.
* On-chain metrics for referral rewards were [added to the Variational Dune Dashboard](<https://x.com/variational_io/status/1993779405492256862>).
* <@920064176506937405> hosted [the first community-run Variational Twitter Space](<https://x.com/ElNachoCrypto/status/1986583804295909877>) and has a [second one planned for December 1](<https://x.com/ElNachoCrypto/status/1993082132369977477>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $61,054,525,224
* Current Dual-Sided OI: $387.88M
* Total Trades Placed: 23,439,493
* Total Tokens Currently Listed: 489
* *Rewards Metrics*
* Total Losses Refunded: $2,549,095
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.15%
* *User Metrics*
* Daily Active Users (avg. over past week): 5,003
* Weekly Active Users: 12,136
* *Revenue Metrics*
* 2w Revenue: $1,498,692
* Revenue Directed to OLP: $986,035
* Revenue Directed to Loss Refund Pool: $303,886
* Revenue Directed to Referral Rewards Pool: $208,771 (excluding ~$1.1M backfill)
* Total OLP PnL: $6,990,935
Thank you for your continued support @everyone! We’ve got some more exciting updates lined up as we enter the final month of the year.
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
❤1
New announcement from ecovar in Discord:
Trading notice: we are delisting `MYRO`, `RIF`, `QUICK`, and `MILK` in line with other major exchanges.
Trading notice: we are delisting `MYRO`, `RIF`, `QUICK`, and `MILK` in line with other major exchanges.
❤1
New announcement from ecovar in Discord:
Trading notice: we are delisting `ELX` in line with other major exchanges.
Trading notice: we are delisting `ELX` in line with other major exchanges.
New announcement from ecovar in Discord:
Trading notice: we are delisting `REI` in line with other major exchanges.
Trading notice: we are delisting `REI` in line with other major exchanges.
New announcement from ecovar in Discord:
Trading notice: we are delisting `OBOL` in line with other major exchanges.
Trading notice: we are delisting `OBOL` in line with other major exchanges.
New announcement from 0xmgb in Discord:
Welcome back to the second to last biweekly update of 2025!
**Product**
* The most recent mainnet release was [0.6.0](<https://discord.com/channels/1196857788220067943/1338537927365492818/1446321534770872435>).
* Tweaks to loss refund mechanism to counter farming.
* Draggable TP/SL/Limit/Trigger orders on the chart.
* Improvements to order clearing times.
* More frequent checking of trigger conditions for TP/SL/Limit/Trigger orders.
**Community**
* Over [$1M in referral rewards have been claimed](<https://x.com/variational_io/status/1995946734984556754>) on Omni.
* Variational co-founder <@958831822773567548> joined a Korean AMA. Read the recap [here](<https://x.com/magonia_B/status/1999161583751328114>).
* The [brand-new Arbitrum website features Variational](<https://x.com/variational_lvs/status/1998435154801639575>) in many different places.
* <@920064176506937405> [hosted a second ‘viva la var’ Twitter Space](<https://x.com/ElNachoCrypto/status/1997751793808523281>) with <@252594670280900608> and Peanut, a community trader.
* [Variational is the 4th largest gas spender on Arbitrum](<https://x.com/variational_io/status/1999514504825344162>), spending ~4% of all gas on Arbitrum over the past 30d.
**Metrics**
* *Key Metrics*
* Total Volume Traded: $79,363,450,016
* Current Dual-Sided OI: $351.07M
* Total Trades Placed: 39,050,893
* Total Tokens Currently Listed: 485
* *Rewards Metrics*
* Total Rewards Claimed: $3,706,514
* Total Losses Refunded: $2,550,044
* Total Referral Rewards Claimed: $1,156,470
* *User Metrics*
* Daily Active Users (avg. over past week): 4,403
* Weekly Active Users: 10,280
* *Revenue Metrics*
* 2w Revenue: $717,249
* Revenue Directed to OLP: $349,246
* Revenue Directed to Loss Refund Pool: $221,668 (excluding $100,000 manually deposited)
* Revenue Directed to Referral Rewards Pool: $146,335 (paused for maintenance since 12/5)
* Total OLP PnL: $7,340,181
Our whole team at Variational wishes @everyone a great holiday season as we approach the end of 2025! Don’t worry – we’re still far from done shipping for the year 🙂
Welcome back to the second to last biweekly update of 2025!
**Product**
* The most recent mainnet release was [0.6.0](<https://discord.com/channels/1196857788220067943/1338537927365492818/1446321534770872435>).
* Tweaks to loss refund mechanism to counter farming.
* Draggable TP/SL/Limit/Trigger orders on the chart.
* Improvements to order clearing times.
* More frequent checking of trigger conditions for TP/SL/Limit/Trigger orders.
**Community**
* Over [$1M in referral rewards have been claimed](<https://x.com/variational_io/status/1995946734984556754>) on Omni.
* Variational co-founder <@958831822773567548> joined a Korean AMA. Read the recap [here](<https://x.com/magonia_B/status/1999161583751328114>).
* The [brand-new Arbitrum website features Variational](<https://x.com/variational_lvs/status/1998435154801639575>) in many different places.
* <@920064176506937405> [hosted a second ‘viva la var’ Twitter Space](<https://x.com/ElNachoCrypto/status/1997751793808523281>) with <@252594670280900608> and Peanut, a community trader.
* [Variational is the 4th largest gas spender on Arbitrum](<https://x.com/variational_io/status/1999514504825344162>), spending ~4% of all gas on Arbitrum over the past 30d.
**Metrics**
* *Key Metrics*
* Total Volume Traded: $79,363,450,016
* Current Dual-Sided OI: $351.07M
* Total Trades Placed: 39,050,893
* Total Tokens Currently Listed: 485
* *Rewards Metrics*
* Total Rewards Claimed: $3,706,514
* Total Losses Refunded: $2,550,044
* Total Referral Rewards Claimed: $1,156,470
* *User Metrics*
* Daily Active Users (avg. over past week): 4,403
* Weekly Active Users: 10,280
* *Revenue Metrics*
* 2w Revenue: $717,249
* Revenue Directed to OLP: $349,246
* Revenue Directed to Loss Refund Pool: $221,668 (excluding $100,000 manually deposited)
* Revenue Directed to Referral Rewards Pool: $146,335 (paused for maintenance since 12/5)
* Total OLP PnL: $7,340,181
Our whole team at Variational wishes @everyone a great holiday season as we approach the end of 2025! Don’t worry – we’re still far from done shipping for the year 🙂
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
New announcement from 0xmgb in Discord:
Variational is built for retail traders.
281 accounts have been blocked from trading on Omni for violations of the Terms of Use (automated trading, spam, exploits, etc.). These accounts can still close any open positions and withdraw/deposit funds, but have been blocked from opening new positions.
Omni does not yet have an official API. When certain “noscripts” or “bots” use undocumented behaviors to spam the platform it can adversely affect real users.
To be explicitly clear, Omni *does not* block accounts for winning trades or frequent/consistent activity.
Omni *does* block accounts for violations of the Terms of Use, including spam or attempts to avoid rate limits to abuse OLP.
If your account has been blocked from trading and you believe it to be in error, please open a <#1332419182473642107> ticket and our team will investigate.
@here
Variational is built for retail traders.
281 accounts have been blocked from trading on Omni for violations of the Terms of Use (automated trading, spam, exploits, etc.). These accounts can still close any open positions and withdraw/deposit funds, but have been blocked from opening new positions.
Omni does not yet have an official API. When certain “noscripts” or “bots” use undocumented behaviors to spam the platform it can adversely affect real users.
To be explicitly clear, Omni *does not* block accounts for winning trades or frequent/consistent activity.
Omni *does* block accounts for violations of the Terms of Use, including spam or attempts to avoid rate limits to abuse OLP.
If your account has been blocked from trading and you believe it to be in error, please open a <#1332419182473642107> ticket and our team will investigate.
@here
🔥2
New announcement from 0xmgb in Discord:
**Points are live on Omni.**
Today, we launched the [points page of the app](<https://omni.variational.io/points>) and retroactively awarded points to users of Omni.
3,000,000 points have been retroactively distributed to existing traders based on a variety of activity metrics. Users also received 1 additional point for every 10 points earned by their referrals. Users with organic usage patterns were prioritized in points allocation.
Going forward, we will be distributing points every Friday at 0:00 UTC for the previous week’s platform activity up until 0:00 UTC on Thursday. Points distributions will conclude before the end of Q3 2026.
Users will receive 1 point for every 10 points their referrals earn. Accounts that traded before the launch of the points program will receive a 10% boost to points earned. Users can earn boosted points by maintaining a reward tier on Omni through continued activity.
See the new points page of the docs for complete details: <https://docs.variational.io/omni/rewards/points>
Happy trading @everyone!
**Points are live on Omni.**
Today, we launched the [points page of the app](<https://omni.variational.io/points>) and retroactively awarded points to users of Omni.
3,000,000 points have been retroactively distributed to existing traders based on a variety of activity metrics. Users also received 1 additional point for every 10 points earned by their referrals. Users with organic usage patterns were prioritized in points allocation.
Going forward, we will be distributing points every Friday at 0:00 UTC for the previous week’s platform activity up until 0:00 UTC on Thursday. Points distributions will conclude before the end of Q3 2026.
Users will receive 1 point for every 10 points their referrals earn. Accounts that traded before the launch of the points program will receive a 10% boost to points earned. Users can earn boosted points by maintaining a reward tier on Omni through continued activity.
See the new points page of the docs for complete details: <https://docs.variational.io/omni/rewards/points>
Happy trading @everyone!
omni.variational.io
Points | Variational Omni
Track your earned points on Variational Omni. View your point balance and learn how points are used to distribute benefits and rewards to users.
❤13😁3🔥1
New announcement from 0xmgb in Discord:
We've identified an issue with the Week 3 points distribution where users with no trading activity during the Week 3 period were marked as ineligible for points, which caused, for example, some accounts to not receive points for their referral activity.
Our team is actively working on a "Week 3.5" points drop to reconcile these issues for affected users. These points will be additive to Week 3's existing 150k distribution. We expect the additional amount of points distributed to be no more than 20k.
We will share an announcement here when the additional points have been distributed.
We've identified an issue with the Week 3 points distribution where users with no trading activity during the Week 3 period were marked as ineligible for points, which caused, for example, some accounts to not receive points for their referral activity.
Our team is actively working on a "Week 3.5" points drop to reconcile these issues for affected users. These points will be additive to Week 3's existing 150k distribution. We expect the additional amount of points distributed to be no more than 20k.
We will share an announcement here when the additional points have been distributed.
❤9👏1