eiusboy

Why Variational is the best perp for farming right now 🧵 I’ve been farming Vari since February. My average cost per point is ~$1.6 (assuming a $60M FDV at TGE). Now compare that to Polymarket — $100M FDV there is pretty much priced in at ~100% probability, which is why the risk of getting completely rekt here is relatively low. Platforms like trade.aspecta.ai are already pricing Vari above $400M FDV. That implies ~6.5x upside from current farming costs. If Bitcoin pushes 90k+ closer to autumn, we could realistically see $800M–$1B FDV at TGE — levels we were already seeing priced in back in early February. You still have time to farm, but starting earlier gives you a clear edge — just look at Lighter: spring/summer farmers had a massive advantage due to lower competition. My personal approach: hold positions for 1+ day and focus on lower OI pairs ($1–3M). gVar

@linenmito @variational_io @HyperliquidX @Aster_DEX Vari top 3 soon👌

Top 5 Perp-DEX by Open Interest @variational_io just entered the Top 5 Perp DEXs by Open Interest without a native token. That alone should tell you how early this still is. Top 5 Perp DEX by Open Interest: Hyperliquid - @HyperliquidX ( $HYPE) : $9.32B Aster - @Aster_DEX ( $ASTER): $2.31B EdgeX - @edgeX_exchange ( $EDGE): $969M Variational - @variational_io : $820M Lighter - @Lighter_xyz ( $LIT): $780M The most bullish part? Variational achieved this before launching a token, yet it is already competing with some of the largest perp. That says a lot about the platform’s growth, trader retention, and market confidence around the ecosystem. And with RWAs entering the picture plus increasing activity across majors like $BTC, $ETH, $SOL, and $HYPE, it feels like Variational is only getting started. If Variational is already pulling this level of Open Interest before a token, the upside narrative from here becomes very difficult to ignore.

@Last161eth @variational_io Gvar

I think many people should start paying attention if you still don’t have any Vari points yet. I highly recommend checking what they dropped a few days ago… RWA is coming, and honestly, I like where this is heading. Right now my focus is only on local position plays. I’m holding positions anywhere from 12 to 30 hours, and basically all my weight sits in a single position for stronger OI exposure — because that’s exactly what this system seems to reward. My weekly baseline is around $21,000 OI. My strong rotation is around $62,000 OI per week. Most of my weight is concentrated in $HYPE, $SOL, and $AVAX positions. And honestly, if the point supply ends up somewhere around a $300M valuation, even 20–30% on TGE would already be enough for me. omni.variational.io/?ref=OMNI161

@0xpostrich Give it a month and $800M won’t sound crazy anymore

Variational is Undervalued YES bets paid off 34% → 53% $500m FDV Expecting $150M/$200M marketcap at TGE.

@muarmemuar @HyperliquidX @Lighter_xyz @paradex 50 trades on @variational_io → $50k airdrop

2024 A few trades any size on @HyperliquidX → $5k airdrop 2025 500+ trades on @Lighter_xyz with $5m+ volume → $2k airdrop 2026 5,000+ trades on @paradex with $50m+ volume → $500 airdrop

@CyberFiness Gvar

Variational weekly report • Volume: $3.5B • OI: ~$740-890M • TVL estimates: $100M+ Variational metrics have grown by 15% this week, which is what makes me happy When the market turns positive, I'm confident the point price will reach $25-30. Right now, you can still get $VAR for trading cheaper than on the listing I'd like to see 800M-1B FDV and 25% airdrop, I know Variational can do that

Why 2026 Will Be Variational’s Year: My Top 3 Reasons 🧵 1️⃣ The market still views Variational too narrowly — just another perp DEX. In reality, they’re building a much bigger trading infrastructure: • Crypto perps first • RWAs next • Institutional products later The team plans to bring perpetuals for: S&P 500, Gold, Oil, Apple, Tesla, Amazon — all traded from a single USDC account with zero fees. That’s a completely different category. 2️⃣ A lot of people still underestimate how early we are. Only ~20k users actively farm points each month. For a project with this level of upside, that number is tiny. 3️⃣ Current Polymarket expectations still look too low to me. Once the market starts pricing future RWA expansion instead of only current activity, I expect a major repricing. I expect Variational to launch at $700M+ FDV. gVar

@muarmemuar @HyperliquidX neutral option is real with current market

Hyperliquid vs Lighter vs Variational - points comparison @HyperliquidX 57.9M points distributed 31% supply to airdrop OTC before TGE: early stage $1-5 per point, then closer to TGE $6-20 After TGE: 1 point = 5.35 hyperliquid:native ($16.05 at $3B FDV) Now: $227 at $40B FDV @Lighter_xyz 12.5M points distributed 25% supply to airdrop OTC before TGE: early stage $3-20, then closer to TGE $21-100 After TGE: 1 point = 20 ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 ($64.8 at $3.24B FDV) Now: $21.14 at $1.03B FDV @variational_io (my estimate) ~9.5M total points supply 50% supply to airdrop OTC before TGE: early stage $5-10 My scenarios for $VAR: Bearish 20% initial airdrop $700M FDV $14.66 per point Neutral 25% initial airdrop $1B FDV $26.18 per point Bullish 30% initial airdrop $2B FDV $62.83 per point Giga bullish 32% initial airdrop $3B FDV $100.52 per point Which scenario do you think is most realistic?

@0xBaseee @variational_io Keep going bro! Gvar

I’m heavily doubling down on Variational. Earned 86 points in the last 2 weeks, with 50 points coming from this week alone. I highly recommend reading the two recent articles from @variational_io. For a long time, people viewed Variational as just another cheap Hyperliquid copy. That narrative is about to change. I’m very confident that by the end of the year, Variational’s RWA markets will compete closely with TradeXYZ. Variational is one of the very few platforms with a real shot at offering tight spreads across 1,000+ RWA markets simultaneously. Because Variational is not an exchange, it’s a broker. Just look at TradFi. The most successful trading platforms are brokers. They route orders through exchanges like Nasdaq instead of trying to bootstrap liquidity from scratch on every single market. That approach is simply far more efficient. You don’t need to burn massive amounts on market maker incentives, and with the right partnerships, you can scale to thousands of markets extremely quickly. The vision of trading 1,000+ RWA markets, 24/7/365, with liquidity as deep as TradFi, is so massive that most people still don’t fully believe it yet. That’s exactly why OTC points are still so cheap. The most asymmetric opportunities are usually the ones nobody is paying attention to. RWAs on Variational are not only a major turning point for $VAR, but potentially for the entire crypto industry. And the only way to position yourself for this right now is by earning points to secure a meaningful $VAR allocation at TGE. I wouldn’t be surprised to see $VAR launch at a multi-billion dollar FDV. Many people missed Hyperliquid and Lighter. You probably don’t want to make the same mistake again with Variational. If you haven't signed up on Variational yet, use code OMNIBASESOL and secure a lifetime 12% points boost: omni.variational.io/?ref=OMNIBASES…

@0xpostrich People focus too much on volume alone when they should be watching the OI/volume ratio instead

Top Tokenless Perps By 30d Vol: List of the top 10 tokenless perp apps by trading volume for April. 1. TradeXYZ → $58.96B 2. GRVT → $39.68B 3. Variational → $15.01B 4. StandX → $14.66B 5. Pacifica → $10.27B 6. Extended → $9.56B 7. Nado → $6.42B 8. Reya → $5.27B 9. Ostium → $3.37B 10. Dreamcash→ $3.28B TradeXYZ remains on top MoM and slightly increasing volume. While the rest have dropped in volume. A lot of D-tier apps have entered and disappeared from this list over the last several months, but a select few have remained and grown. Volume alone isn't the best metric to gauge quality. Currently building a tokenless perp dataset page so you can track all of this on @blmrce terminal.

@capy_onchain @variational_io @extendedapp @ostium @pacifica_fi @grvt_io We just need the market to get back to February levels. seeing Vari at an $800M FDV wouldn’t be surprising at all

Perp DEX market is waking up again. I pulled the updated estimates from Polymarket and the picture is becoming much more interesting: @variational_io - 500M FDV / 51% @extendedapp - 300M / 39% @ostium - 300M / 38% @pacifica_fi - 300M / 31% @grvt_io - 200M / 53% @StandX_Official - 400M / 41% @Dreamcash - 100M / 65% @reya_xyz - 70M / 84% @etherealdex - 50M / 48% @DecibelTrade - 50M / 53% @ventuals - 100M / 22% But the biggest winner over the past month is @variational_io. A month ago, the market was pricing only ~17% odds for a 500M+ FDV. Now it is already at 51%. A 3x increase in just 30 days. That is exactly why I continue focusing most of my attention on Vari. In my opinion, it is one of the most promising perp DEX farms right now, with a real chance to launch well above a 500M FDV, and in a strong market potentially even target 1B+. There is still time to farm a decent amount of points before TGE. omni.variational.io Access code: OMNICAPY Use it for additional boosts. Which perp DEX are you farming the most right now?

RWA on @variational_io ~ The Game Changer?? Variational just dropped their 90-day Plan on Bringing RWA into the platform, this is a TL:DR of it all 👇👇 Phase 1: Will go live this month: 24/7 perps on Gold ( $XAU ), Silver, and WTI Crude Oil, tradeable from the same USDC balance as their 450+ crypto markets. Zero fees. Phase 2 Kicks off in June. 100+ CFD markets, we're talking international indices, commodities like wheat and natural gas, and single-name stocks like Nvidia ( $NVDA ) , Coinbase, and Alibaba. The key part: They've already secured dealer partnerships to route orders through global TradFi liquidity. Multi-million dollar orders, near-flat funding rates around 4-6%. Not "crypto-native RWA" liquidity, actual CME-level depth brought on-chain. Phase 3 Takes all of that and makes it 24/7. The endgame is one account for literally everything: crypto, equities, commodities, indices, FX. Prime broker execution, DeFi settlement speed. If this execution goes well, we will could see Variational becoming one of the biggest trading platform

@linenmito Really smart strategy 👍

Exploring RWA markets is still worth it. The strategy we're currently running is to go long XYZ100 while expanding short positions on the 7 companies that make up roughly 60% of the index, creating a notional hedge. The basic thesis behind this strategy is: 1) Funding rate 2) Efficient capital utilization 3) The possibility that the benefits of AI capex may shift toward supply-chain bottleneck companies For XYZ100’s funding rate, the formula includes a 0.5x scaling factor. In other words, when individual stocks and XYZ100 have the same percentage deviation from their index price, XYZ100 pays or receives only half the funding. In a strong equity market like the current one, shorts often receive favorable funding. As a result, this can become a strategy where most of the directional exposure is hedged, while still receiving attractive funding. It is also highly attractive from a capital efficiency perspective, especially when the basket is composed of hedgeable assets under cross margin. The last part does involve a directional view. But since I do not believe we are at the very beginning of a new bull market, I think this is a fairly high-probability bet. If you do not believe you are a trader with a high win rate in predicting direction, then you should work even harder to find strategies where the odds are above 50%. If the market has three possible paths, and your strategy can make money in two of them, then entering, testing, and gaining experience is the kind of mindset that can help you win over the long run. I still believe RWA will open up many more opportunities, and I’m looking forward to @variational_io successful onboarding of RWA markets.

@Cllmax93 @variational_io Great result bro! You were at the top for several days🙏

⚡️END @variational_io Trading competition 2: 🔹Top 10 🥲 🔹575% ROI and $1,610 PNL Super happy with my personal result. 🔻A bit disappointed with the final ranking though. I was top 5 with just 1 hour left… But looking at the results, it’s pretty clear bots went crazy at the end. Guys ending up on the leaderboard with 1200% ROI on just $65 (and $35 PNL) says it all… IMO: some people probably ran 100 accounts with $1 each, bet both sides, and walked away with $3k. 🔸Suggestion: they should raise the minimum entry to $50 for the next comp. Still, big thanks to the Variational team for putting this on always fun events LFG VAR 🩵 Variational Summer 🔥🔥

@gadflynodes @Ryddddddder @scumcheck @goroxoff20

Beta Phase Progress: ..%! Our users are pushing limits—over $350,000+ in success since the start! 🚀 Don't waste your chance to join before it's too late. Want in? Like, RT & tag 3 friends for a chance to win FREE BETA access! 5 spots 🎟️

@Jboy2120Jr @LevisNFT $BTCAT IS NEXT

@LevisNFT Levis $BTCAT. 3XFiHA2gexzBjqtM5Z7FjJhP6f28D2m79UihBCfkpump

If I find the narrative good I’ll ape instantly, no questions asked

@poorlydrNFT @HyperliquidX Negative pnl?

Happy points day! @HyperliquidX 💖 Only 3 weeks left! Also hyped for the May distribution of points, hopefully that will be enough to bring me to 25k. +90 points this week 950k perps volume 0 spot holdings 0 spot volume 6.9mil referral volume

@ss_septa 🔥🔥🔥

Ill share a few recent successes also Ill share promising tokens here so that you can follow my moves. All tokens will have a low mc. High risk high reward

@ferbsol 🤓

slow day