New announcement from 0xmgb in Discord:
The official Variational Dune Dashboard (built by [Entropy Advisors](<https://x.com/EntropyAdvisors>)) is now live!
Find info on TVL, active addresses, loss refunds, and more, all sourced from on-chain activity on Arbitrum.
🔗 <https://dune.com/entropy_advisors/variational-protocol>
Help us spread the word on Twitter <:pepe_love:1372629245431517255>: <https://x.com/variational_io/status/1976287323567563079>
@everyone
The official Variational Dune Dashboard (built by [Entropy Advisors](<https://x.com/EntropyAdvisors>)) is now live!
Find info on TVL, active addresses, loss refunds, and more, all sourced from on-chain activity on Arbitrum.
🔗 <https://dune.com/entropy_advisors/variational-protocol>
Help us spread the word on Twitter <:pepe_love:1372629245431517255>: <https://x.com/variational_io/status/1976287323567563079>
@everyone
X (formerly Twitter)
Entropy Advisors (@EntropyAdvisors) on X
Accelerating DAO Development @arbitrum
❤1
New announcement from 0xmgb in Discord:
$MASA, $SEND, $RHEA, $SOLO have all been delisted due to no longer meeting listing criteria. Open positions have been settled at the last known market value.
$MASA, $SEND, $RHEA, $SOLO have all been delisted due to no longer meeting listing criteria. Open positions have been settled at the last known market value.
❤2
New announcement from 0xmgb in Discord:
Your feedback has been heard: we’ve slashed spreads across the board, especially on majors.
Here are some examples:
* **BTC**
* Spreads for <$1k orders have been cut by 90%+ down to ~0.005%.
* Spreads for <$10k orders have been cut by 60%+ down to ~0.01%.
* Spreads for <$50k orders have been cut by 30%+ down to ~0.02%
* **ETH**
* Spreads for <$1k orders have been cut by 75%+ down to ~0.01%
* Spreads for <$10k orders have been cut by 50%+ down to ~0.02%
* Spreads for <$50k orders have been cut by 25%+ down to ~0.03%
You should now see meaningfully tighter spreads for all markets (including alts).
See for yourself at https://omni.variational.io. Happy trading @everyone!
Your feedback has been heard: we’ve slashed spreads across the board, especially on majors.
Here are some examples:
* **BTC**
* Spreads for <$1k orders have been cut by 90%+ down to ~0.005%.
* Spreads for <$10k orders have been cut by 60%+ down to ~0.01%.
* Spreads for <$50k orders have been cut by 30%+ down to ~0.02%
* **ETH**
* Spreads for <$1k orders have been cut by 75%+ down to ~0.01%
* Spreads for <$10k orders have been cut by 50%+ down to ~0.02%
* Spreads for <$50k orders have been cut by 25%+ down to ~0.03%
You should now see meaningfully tighter spreads for all markets (including alts).
See for yourself at https://omni.variational.io. Happy trading @everyone!
❤2
New announcement from 0xmgb in Discord:
gVar! We’re excited to share another big two weeks of shipping & platform growth with you in this biweekly update.
**Product**
* The most recent mainnet release was [v0.2.3](<https://discord.com/channels/1196857788220067943/1338537927365492818/1428540748097388554>).
* Spreads have been tightened across the board (e.g. BTC spreads for small orders have been cut by 90%+).
* Updates to rewards page.
* Removed spread discounts as a reward mechanism in favor of slashing spreads for all users.
* Removed referral reward rate display (changing from % of volume to % of spreads paid by users. Referral activity under previous structure will be paid out as originally described once ref reward claims are live).
* Updated spread display to show more precision (especially on tighter spreads).
* Substantial performance improvements in preparation for significant increases in load.
**Community**
* We released a Dune Dashboard (powered by [@EntropyAdvisors](<https://x.com/entropyadvisors/>)) that tracks TVL, active accounts, loss refunds, and more. Check it out [here](<https://dune.com/entropy_advisors/variational-protocol>).
* Omni had zero issues during the flash crash on 10/10. Read some thoughts from @lvs on Twitter [here](<https://twitter.com/variational_lvs/status/1976777647222096116>).
* Omni automatically refunded [over $190k in losses](<https://twitter.com/mr_plumpkin/status/1976794732270698810>) on the day of the flash crash.
* Variational co-founder <@936805508898238494> wrote a reply to stalequant’s essay “The Robinhood model doesn’t work for crypto”. Read it [here](<https://x.com/mr_plumpkin/status/1975836912855503109>).
* Omni has crossed [500m in 24h taker volume, and $1M in total losses refunded](<https://x.com/variational_io/status/1979197200623374489>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $7,837,480,311
* Current Dual-Sided OI: $94.45M
* Total Trades Placed: 1,033,687
* Total Tokens Currently Listed: 509
* *Rewards Metrics*
* Total Losses Refunded: $1,048,964
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 4.3%
* *User Metrics*
* Daily Active Users (avg. over past week): 1,223
* Weekly Active Users: 3,251
* *Revenue Metrics*
* 2w Revenue: $1,880,784
* Revenue Directed to OLP: $1,320,448
* Revenue Directed to Loss Refund Pool: $560,336 (plus $260,000 in manual deposits for boost campaign)
* Total OLP PnL: $2,569,402
Thank you @everyone for your continued support!
gVar! We’re excited to share another big two weeks of shipping & platform growth with you in this biweekly update.
**Product**
* The most recent mainnet release was [v0.2.3](<https://discord.com/channels/1196857788220067943/1338537927365492818/1428540748097388554>).
* Spreads have been tightened across the board (e.g. BTC spreads for small orders have been cut by 90%+).
* Updates to rewards page.
* Removed spread discounts as a reward mechanism in favor of slashing spreads for all users.
* Removed referral reward rate display (changing from % of volume to % of spreads paid by users. Referral activity under previous structure will be paid out as originally described once ref reward claims are live).
* Updated spread display to show more precision (especially on tighter spreads).
* Substantial performance improvements in preparation for significant increases in load.
**Community**
* We released a Dune Dashboard (powered by [@EntropyAdvisors](<https://x.com/entropyadvisors/>)) that tracks TVL, active accounts, loss refunds, and more. Check it out [here](<https://dune.com/entropy_advisors/variational-protocol>).
* Omni had zero issues during the flash crash on 10/10. Read some thoughts from @lvs on Twitter [here](<https://twitter.com/variational_lvs/status/1976777647222096116>).
* Omni automatically refunded [over $190k in losses](<https://twitter.com/mr_plumpkin/status/1976794732270698810>) on the day of the flash crash.
* Variational co-founder <@936805508898238494> wrote a reply to stalequant’s essay “The Robinhood model doesn’t work for crypto”. Read it [here](<https://x.com/mr_plumpkin/status/1975836912855503109>).
* Omni has crossed [500m in 24h taker volume, and $1M in total losses refunded](<https://x.com/variational_io/status/1979197200623374489>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $7,837,480,311
* Current Dual-Sided OI: $94.45M
* Total Trades Placed: 1,033,687
* Total Tokens Currently Listed: 509
* *Rewards Metrics*
* Total Losses Refunded: $1,048,964
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 4.3%
* *User Metrics*
* Daily Active Users (avg. over past week): 1,223
* Weekly Active Users: 3,251
* *Revenue Metrics*
* 2w Revenue: $1,880,784
* Revenue Directed to OLP: $1,320,448
* Revenue Directed to Loss Refund Pool: $560,336 (plus $260,000 in manual deposits for boost campaign)
* Total OLP PnL: $2,569,402
Thank you @everyone for your continued support!
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🔥1
New announcement from mr_plumpkin in Discord:
We are investigating a possible issue with funding payments. We will post more info once we have
We are investigating a possible issue with funding payments. We will post more info once we have
❤1
New announcement from mr_plumpkin in Discord:
Funding payments are processing again going forward. We will also do a historical backfill shortly
Funding payments are processing again going forward. We will also do a historical backfill shortly
New announcement from mr_plumpkin in Discord:
We delisted the following markets: TOKENFI, FHE, DMC, SWELL, OSMO, SKATE, FRAG, BDXN, SCA, FIS, MAJOR, TANSSI
Explanation: when external exchanges delist, this affects the construction of the index (oracle) price, which is an aggregate of external price sources. When the index price drops below a quality threshold, we delist the markets as well to avoid disruption. All open positions are settled at the settlement price.
We delisted the following markets: TOKENFI, FHE, DMC, SWELL, OSMO, SKATE, FRAG, BDXN, SCA, FIS, MAJOR, TANSSI
Explanation: when external exchanges delist, this affects the construction of the index (oracle) price, which is an aggregate of external price sources. When the index price drops below a quality threshold, we delist the markets as well to avoid disruption. All open positions are settled at the settlement price.
❤1
New announcement from mr_plumpkin in Discord:
All missing funding payments have been backfilled
All missing funding payments have been backfilled
New announcement from 0xmgb in Discord:
We're looking into an issue where some trades are taking longer than usual to process @here
We're looking into an issue where some trades are taking longer than usual to process @here
New announcement from 0xmgb in Discord:
This should be completely resolved now @here ^. Let us know in <#1332419182473642107> if you see any residual issues.
This should be completely resolved now @here ^. Let us know in <#1332419182473642107> if you see any residual issues.
New announcement from 0xmgb in Discord:
The brand-new Variational website (designed to match the updated v2 UI) is now live! We hope you like it.
🔗 https://variational.io
[Tweet](<https://x.com/variational_io/status/1981204553413644799>)
@here
The brand-new Variational website (designed to match the updated v2 UI) is now live! We hope you like it.
🔗 https://variational.io
[Tweet](<https://x.com/variational_io/status/1981204553413644799>)
@here
X (formerly Twitter)
Variational (@variational_io) on X
The brand-new Variational website (designed to match the recently updated app UI) is now live!
New announcement from mr_plumpkin in Discord:
We delisted the following markets: COS, G, LAUNCHCOIN, LOOKS, AVAIL, SWEAT
Explanation: when external exchanges delist, this affects the construction of the index (oracle) price, which is an aggregate of external price sources. When the index price drops below a quality threshold, we delist the markets as well to avoid disruption. All open positions are settled at the settlement price.
We delisted the following markets: COS, G, LAUNCHCOIN, LOOKS, AVAIL, SWEAT
Explanation: when external exchanges delist, this affects the construction of the index (oracle) price, which is an aggregate of external price sources. When the index price drops below a quality threshold, we delist the markets as well to avoid disruption. All open positions are settled at the settlement price.
❤1
New announcement from 0xmgb in Discord:
We have delisted CHESSC due to it no longer meeting listing criteria. There were no open positions.
We have delisted CHESSC due to it no longer meeting listing criteria. There were no open positions.
New announcement from 0xmgb in Discord:
Happy Halloween! 🎃
Here’s our biweekly update:
**Product**
* The most recent mainnet release was [v0.2.5](<https://discord.com/channels/1196857788220067943/1338537927365492818/1431083739374551142>). This was mostly a behind-the-scenes release focusing on scaling the platform to accommodate drastically increased load.
* Added setting to cancel orders without a confirmation popup
* Added a confirmation popup to refcode regeneration
* Scalability improvements to accommodate drastically increased load
* Preparations for referral reward claims
**Community**
* Omni crossed $2b in 24h volume and $400m in OI [for the first time](<https://x.com/variational_io/status/1982314490306908604>)!
* A [brand-new <Variational.io> landing page](<https://x.com/variational_io/status/1981204553413644799>) was released.
* Omni [surpassed 10,000 lifetime traders](<https://x.com/variational_io/status/1981795270221615290>).
* Variational co-founder <@936805508898238494> did an [AMA on Twitter](<https://x.com/mr_plumpkin/status/1983116286625476817>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $29,040,357,513
* Current Dual-Sided OI: $370.89M
* Total Trades Placed: 7,114,383
* Total Tokens Currently Listed: 490
* *Rewards Metrics*
* Total Losses Refunded: $1,540,364
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 3.18%
* *User Metrics*
* Daily Active Users (avg. over past week): 3,725
* Weekly Active Users: 7,751
* *Revenue Metrics*
* 2w Revenue: $3,239,199
* Revenue Directed to OLP: $2,799,036
* Revenue Directed to Loss Refund Pool: $440,163
* Total OLP PnL: $5,368,438
Thank you @everyone for your continued support! Our team is feeling more motivated than ever to keep shipping & working to make Omni the best place to trade.
Happy Halloween! 🎃
Here’s our biweekly update:
**Product**
* The most recent mainnet release was [v0.2.5](<https://discord.com/channels/1196857788220067943/1338537927365492818/1431083739374551142>). This was mostly a behind-the-scenes release focusing on scaling the platform to accommodate drastically increased load.
* Added setting to cancel orders without a confirmation popup
* Added a confirmation popup to refcode regeneration
* Scalability improvements to accommodate drastically increased load
* Preparations for referral reward claims
**Community**
* Omni crossed $2b in 24h volume and $400m in OI [for the first time](<https://x.com/variational_io/status/1982314490306908604>)!
* A [brand-new <Variational.io> landing page](<https://x.com/variational_io/status/1981204553413644799>) was released.
* Omni [surpassed 10,000 lifetime traders](<https://x.com/variational_io/status/1981795270221615290>).
* Variational co-founder <@936805508898238494> did an [AMA on Twitter](<https://x.com/mr_plumpkin/status/1983116286625476817>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $29,040,357,513
* Current Dual-Sided OI: $370.89M
* Total Trades Placed: 7,114,383
* Total Tokens Currently Listed: 490
* *Rewards Metrics*
* Total Losses Refunded: $1,540,364
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 3.18%
* *User Metrics*
* Daily Active Users (avg. over past week): 3,725
* Weekly Active Users: 7,751
* *Revenue Metrics*
* 2w Revenue: $3,239,199
* Revenue Directed to OLP: $2,799,036
* Revenue Directed to Loss Refund Pool: $440,163
* Total OLP PnL: $5,368,438
Thank you @everyone for your continued support! Our team is feeling more motivated than ever to keep shipping & working to make Omni the best place to trade.
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.
❤4
New announcement from variational_lvs in Discord:
We have delisted FLM due to it no longer meeting listing criteria. There were no open positions.
We have delisted FLM due to it no longer meeting listing criteria. There were no open positions.
❤1
New announcement from mr_plumpkin in Discord:
Notice for market 0G: we will be adjusting the funding rate clamp from 2% to 1%. The funding rate will smoothly converge to the new clamp.
Notice for market 0G: we will be adjusting the funding rate clamp from 2% to 1%. The funding rate will smoothly converge to the new clamp.
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%.