Variational

A brand-new Variational UI is now live, featuring reworks of each page of the app and an improved mobile experience with PWA support.

Omni has reached a new all time high of $1.3B in open interest. More than 25% of this OI comes from TradFi markets.

The recent UI upgrade has been specifically optimized for mobile use. Watch to learn how to get a Variational app on your homescreen today 👇

The Variational UI has progressed a lot over the years, from the testnet & early mainnet "v1" UI to the recently updated "v3." All shaped by feedback from traders.

Welcome back to the Variational biweekly update! PRODUCT ➡️ The most recent mainnet release was v0.21.0. ➡️ Completely reworked UI (“v3”) ➡️ Leaderboard performance improvements. ➡️ Preparations for isolated margin. ➡️ Various UX fixes. METRICS ➡️ Total Volume Traded: $266.99B ➡️ Current Dual-Sided OI: $1.26B ➡️ TVL (Excludes OLP Hedging Accounts): $160.50M ➡️ Total Markets Currently Listed: 506 ➡️ Total Rewards Claimed: $7,507,896 ➡️ Total Losses Refunded (Sunset): $4,559,196 ➡️ Total Referral Rewards Claimed: $2,948,700 ➡️ Daily Active Users (avg. over past week): 9,820 ➡️ Weekly Active Users: 16,636 ➡️ 2w Spreads Paid (Gross Revenue): $3,069,800 ➡️ 2w Market Making Costs (Cost of Revenue): ($1,652,505) ➡️ 2w Net Revenue: $1,417,295 ➡️ 2w Rewards: ($148,583) ➡️ Referral Rewards: ($148,583) ➡️ 2w Net Profit: $1,268,712 ➡️ Protocol Treasury: $613,960 ➡️ OLP PnL: $654,752 ➡️ Lifetime OLP PnL: $15,619,555 ➡️ Current Protocol Treasury Holdings: 4,662,552 USDC We appreciate your continued trust and support!

For week 30 of the Omni points program, 150,000 points were distributed across 24,712 accounts.

Trade on the new UI today: omni.variational.io

A brand-new Variational UI is now live, featuring reworks of each page of the app and an improved mobile experience with PWA support.

Listing ≠ endorsement. Always do your own research and trade with caution. omni.variational.io/perpetual/EWZ omni.variational.io/perpetual/EWT

iShares MSCI Brazil ETF $EWZ, iShares MSCI Taiwan ETF $EWT perps are now live with zero fees and up to 20x leverage.

Coming next to Variational: swaps. A brand-new instrument type on-chain, only listable by Variational's broker-like model.

Listing ≠ endorsement. Always do your own research and trade with caution. omni.variational.io/perpetual/EBAY omni.variational.io/perpetual/GME omni.variational.io/perpetual/STRC

eBay $EBAY, GameStop $GME, and Strategy Variable Rate Series A Perpetual Stretch $STRC perps are now live with zero fees and up to 20x leverage.

Omni has crossed 500 listings, with over 10% being TradFi markets. The share of TradFi markets on Omni will continue to rise as we begin listing swaps alongside perps in Q3.

Listing ≠ endorsement. Always do your own research and trade with caution. omni.variational.io/WMT omni.variational.io/HD omni.variational.io/COST

Walmart $WMT, Home Depot $HD, and Costco Wholesale $COST perps are now live with zero fees and up to 20x leverage.

Listing ≠ endorsement. Always do your own research and trade with caution. omni.variational.io/perpetual/HPE omni.variational.io/perpetual/STXX

Hewlett Packard Enterprise $HPE and Seagate Technology $STXX perps are now live with zero fees and up to 20x leverage.

Just over a month after launch, the first 53 TradFi markets now account for over 22% of total OI and 19% of trading volume on Variational.

This weekend, while traditional markets are closed, all 50+ TradFi listings on Variational remain tradable with 20x+ leverage and zero fees.