PaperDegen

981 posts

PaperDegen banner
PaperDegen

PaperDegen

@PaperDegenX

Cypto class 2020 Finding tomorrow's alpha today Perps enjoyer • Web3 dev in progress

Katılım Nisan 2020
125 Takip Edilen278 Takipçiler
j.mike ./
j.mike ./@miketwinks·
btw @variational_io has always been a pretty gud place to farm spreads just look at these numbers
j.mike ./ tweet media
English
9
0
31
1.4K
PaperDegen
PaperDegen@PaperDegenX·
@cheuk_baby @variational_io Fair enough 😂 If nothing else, it’ll be fun to come back to this tweet in a few months and see how it aged 👀
English
0
0
0
7
PaperDegen
PaperDegen@PaperDegenX·
Is the @variational_io team playing 4D chess... or is this just a crazy coincidence?💭👇 Today, while I was working on my usual research, I noticed something that I haven't seen anyone talk about.👀 Back in December 2023, an anonymous 4chan user predicted Bitcoin's ATH would print on Oct. 6, 2025. Surprisingly, that's exactly how it played out. Their thesis was simple: • ATL → ATH = 1064 days • ATH → ATL = 364 days If that pattern repeats, the next BTC market bottom would fall around Oct. 5, 2026. Interestingly, Variational Season 1 also looks like it could end around that exact time (roughly 12 weeks from now). If the TGE follows shortly after, $VAR could launch right as the market transitions into a new bullish phase. I know this could be nothing more than a coincidence... But if this timing was actually intentional, it would be an incredibly smart way to launch a token: distribute points throughout one of the toughest parts of the cycle, then launch as sentiment begins to recover. Gigabrain... or pure coincidence? I genuinely can't tell whether this is intentional or one of the wildest coincidences I've seen this cycle.🔥
PaperDegen tweet media
English
10
0
17
1.1K
PaperDegen
PaperDegen@PaperDegenX·
@_notkali @variational_io That’s true. My point wasn’t really about the exact date, but about the possibility that the team intentionally designed the campaign to end close to a major cycle inflection. If that’s the case, it’s a pretty smart strategy 🙏
English
0
0
1
14
notkali
notkali@_notkali·
@PaperDegenX @variational_io even if it doesnt play out exactly like this it wont matter much since it will be launching in a bull market.
English
1
0
1
19
Absolut05.hl 🕯
Absolut05.hl 🕯@Absoluto92·
My best week to date on @sodex_official 🔥 I didn't cross the 17.5k level yet, but will happen next week Hopefully 1 point is worth $0.5 and I book $500 weekly 🤣🫡 $soso holding good above $0.3 which increases the Value of the airdrop
Absolut05.hl 🕯 tweet media
English
6
0
26
627
CapyOnChain
CapyOnChain@capy_onchain·
Compare the numbers @Lighter_xyz $620M 24h volume | $850M OI $585M market cap | $2.35B FDV @variational_io $920M 24h volume | $1.3B OI ? market cap | ? FDV @Aster_DEX $1.6B 24h volume | $1.8B OI $1.7B market cap | $5B FDV In your opinion, what FDV should Variational launch at, and how much should one point be worth?
CapyOnChain tweet media
English
14
4
55
3.4K
PaperDegen
PaperDegen@PaperDegenX·
PaperDegen@PaperDegenX

Is the @variational_io team playing 4D chess... or is this just a crazy coincidence?💭👇 Today, while I was working on my usual research, I noticed something that I haven't seen anyone talk about.👀 Back in December 2023, an anonymous 4chan user predicted Bitcoin's ATH would print on Oct. 6, 2025. Surprisingly, that's exactly how it played out. Their thesis was simple: • ATL → ATH = 1064 days • ATH → ATL = 364 days If that pattern repeats, the next BTC market bottom would fall around Oct. 5, 2026. Interestingly, Variational Season 1 also looks like it could end around that exact time (roughly 12 weeks from now). If the TGE follows shortly after, $VAR could launch right as the market transitions into a new bullish phase. I know this could be nothing more than a coincidence... But if this timing was actually intentional, it would be an incredibly smart way to launch a token: distribute points throughout one of the toughest parts of the cycle, then launch as sentiment begins to recover. Gigabrain... or pure coincidence? I genuinely can't tell whether this is intentional or one of the wildest coincidences I've seen this cycle.🔥

IS
0
0
0
81
Henrik
Henrik@Henrik_on_HL·
Even with a 30% post-TGE drop in open interest, Variational would still have more OI than Lighter has today.
Henrik tweet media
English
12
1
63
4.4K
PaperDegen
PaperDegen@PaperDegenX·
PaperDegen@PaperDegenX

Is the @variational_io team playing 4D chess... or is this just a crazy coincidence?💭👇 Today, while I was working on my usual research, I noticed something that I haven't seen anyone talk about.👀 Back in December 2023, an anonymous 4chan user predicted Bitcoin's ATH would print on Oct. 6, 2025. Surprisingly, that's exactly how it played out. Their thesis was simple: • ATL → ATH = 1064 days • ATH → ATL = 364 days If that pattern repeats, the next BTC market bottom would fall around Oct. 5, 2026. Interestingly, Variational Season 1 also looks like it could end around that exact time (roughly 12 weeks from now). If the TGE follows shortly after, $VAR could launch right as the market transitions into a new bullish phase. I know this could be nothing more than a coincidence... But if this timing was actually intentional, it would be an incredibly smart way to launch a token: distribute points throughout one of the toughest parts of the cycle, then launch as sentiment begins to recover. Gigabrain... or pure coincidence? I genuinely can't tell whether this is intentional or one of the wildest coincidences I've seen this cycle.🔥

English
0
0
0
23
Victor.hl
Victor.hl@VictorTopDefiG·
i miss seeing "variational only" posts all over my fyp🥹💙 @nikitabier do something!
English
2
0
8
284
PaperDegen
PaperDegen@PaperDegenX·
PaperDegen@PaperDegenX

Is the @variational_io team playing 4D chess... or is this just a crazy coincidence?💭👇 Today, while I was working on my usual research, I noticed something that I haven't seen anyone talk about.👀 Back in December 2023, an anonymous 4chan user predicted Bitcoin's ATH would print on Oct. 6, 2025. Surprisingly, that's exactly how it played out. Their thesis was simple: • ATL → ATH = 1064 days • ATH → ATL = 364 days If that pattern repeats, the next BTC market bottom would fall around Oct. 5, 2026. Interestingly, Variational Season 1 also looks like it could end around that exact time (roughly 12 weeks from now). If the TGE follows shortly after, $VAR could launch right as the market transitions into a new bullish phase. I know this could be nothing more than a coincidence... But if this timing was actually intentional, it would be an incredibly smart way to launch a token: distribute points throughout one of the toughest parts of the cycle, then launch as sentiment begins to recover. Gigabrain... or pure coincidence? I genuinely can't tell whether this is intentional or one of the wildest coincidences I've seen this cycle.🔥

QME
0
0
0
38
Base
Base@0xBaseee·
Why @variational_io points will be worth $100 — full thesis. Before we start, bookmark this so you don't lose it later. Let's do the math first: Points distribution runs until end of Q3, per the docs. That means ~9M points at TGE. I expect a 25-30% genesis drop. Why? The team has repeatedly praised how well Hyperliquid rewarded its community, and with 50% of total $VAR supply reserved for community rewards, dropping less than Lighter (25%) wouldn't make sense if Variational wants to be the first real Hyperliquid competitor long-term. So, to hit $100 per point at launch, $VAR needs a $900M market cap — or $3-3.5B FDV. Why do I think that's achievable? Let's compare it to a direct competitor: $LIT, trading at $2.5B FDV. Variational already beats it on both core metrics: → Open interest: $1.26B vs. $880M → Net revenue: $1.27M vs. $860K (bi-weekly) That's 40%+ better than Lighter — on both fronts. And here's the thing: APIs aren't even live yet. No bots, no market makers, no quants. Just manual traders. Variational is still in private beta (invite-only) and months away from TGE. Phase 2 & 3 of RWAs haven't even launched — thousands of new RWAs and drastically reduced slippage are still ahead. So there are still countless catalysts left that could significantly grow current metrics before TGE even happens. But let's stay conservative. Even if $VAR launched today, its metrics alone justify a $3.5B FDV — 40% higher than $LIT's $2.5B valuation, matching how much Variational outperforms Lighter in open interest and net revenue. That would value $VAR at ~5% of $HYPE. For perspective: when $LIT launched last year, it was worth 10% of $HYPE. That means: → The whole perp dex sector is growing fast. → $VAR wouldn't be overvalued at $3.5B. $100 per point doesn't sound so crazy anymore, right? And I don't think it stops there. Sure, it could dip or consolidate post-TGE like most airdrops do. But that doesn't change the long-term picture. Variational is taking on-chain RWAs to a new level. Instead of building a new orderbook and bootstrapping liquidity per RWA market (like CLOB DEXs such as Hyperliquid), Variational plugs directly into existing TradFi liquidity. TradFi has spent decades building deep orderbooks. Why compete with that when you can tap into it instead? This lets Variational skip the costly market-maker incentive game — and scale to list far more RWA markets, way faster. TradFi liquidity isn't even live yet (coming soon in Phase 2). And already, 25% of current open interest comes from RWAs alone. That ratio only grows once TradFi liquidity gets injected and thousands of new RWA markets go live — positioning Variational as the venue for price discovery on weekends, off-hours, holidays, and beyond. Variational was never a cheap Hyperliquid clone. It's actually the first real competitor to Hyperliquid for RWA market share — with a model that scales better. And the team is more than stacked to execute on this vision. @variational_lvs, CEO of Variational, studied mathematics at a top US university — at age 12. He moved to Columbia at 18, worked at Google and Goldman Sachs, then co-founded quant trading firm Qu Capital in 2017 with @edward_yu_var (co-founder of Variational). Beyond the founders, the team brings experience from Google, Meta, Virtu, IMC, and Jane Street. A product is only as good as its team — and Variational is stacked on both ends. If this doesn't have you FOMOing into points, you must hate money. ~10 weeks left until points distribution ends. APIs aren't live yet. Use this opportunity to stack as many points as you can. You'll regret not acting on this in a few months. An invite code is required to access the private beta — so you might as well use the one with the best perks. Code OMNIBASESOL gives you the highest available points boost (15% instead of the usual 12%): omni.variational.io/?ref=OMNIBASES…
Base tweet media
English
47
9
148
9.8K
PaperDegen
PaperDegen@PaperDegenX·
If this thesis ends up being right, we're still early. Season 1 isn't over yet, and there's still time to build a solid points position on Variational. I'm publicly documenting a challenge where I started with just $250, sharing every strategy, every win, and every mistake. Catch up on the challenge 👇 x.com/PaperDegenX/st… Join with my referral link if you want to farm alongside me 👇 omni.variational.io/?ref=OMNIPAPER
PaperDegen tweet media
PaperDegen@PaperDegenX

Can a small account still compete on Variational? Week 1 results 👇 I started this challenge with just $250, opening a brand-new account 3/4 days before the first points distribution. One week in, here's where we are: • 6.42 points earned • 315k volume on RWA markets • 235k volume on crypto markets At the current OTC valuation (~$21/point), that's roughly $135 earned in points after the first week, now I'm waiting to see the outcome of the RWA Trading Competition in 2 days. I also made about $800 from a couple of lucky $LAB short scalps. To keep this challenge as authentic as possible, I've decided to withdraw those profits from the account and continue the challenge with the original $250 starting balance. The goal was never to see how far I could grow the bankroll through trading. It was to publicly test whether someone starting with a small account, just like many people following me, can still farm meaningful points on @variational_io So far, the results look encouraging 👀 Strategy going forward👇 Based on what I've seen so far (and the data shared by @PointsGoblin ), I'll mainly focus on 10 markets, as they currently seem to offer one of the best point-to-volume ratios. Around 3/4 of those will be RWA markets, focusing on the highest-volume and highest-OI pairs, such as XAU, XAG, and other heavily traded assets. The remaining positions will mostly be crypto, concentrating on pairs with medium-to-high volume and open interest, such as SOL, HYPE, and similar markets. To minimize directional risk, I'll primarily use delta-neutral strategies, focusing on farming points rather than trying to predict market direction. From a points perspective, holding positions for around 10–12 hours appears to be the sweet spot. However, with a relatively small account, I can't maintain a high average open interest. Instead, I'll try to maximize trading volume, rotating positions every 30–60 minutes while keeping the account as capital-efficient as possible. This is the strategy I'll be testing publicly over the next few months. If it works, everyone will see it. If it doesn't, I'll adapt and share that too. 🙏

English
0
0
0
211