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.
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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.
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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%.
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