garmien.eth

A funny situation just played out for traders on @Bybit_Official, @Gate, and other CEXes during the $ARIA volatility spike. The token crashed from $0.76 → $0.019 in minutes. People rushed in longing the dip… only to get wrecked by ADL. Positions got closed prematurely at bankruptcy price - some missed huge profits, others even got closed in the red. Cue the flood of angry complaints. Meanwhile on @variational_io - zero drama. No one got unfairly deleveraged. Here's why: Classic CEX ADL (Bybit, Gate, etc.): - Insurance fund runs dry during mass liquidations. - System auto-closes the most profitable + highest-leveraged positions on the opposite side. - Closes them at bankruptcy price (often way worse than market price). - You lose your unrealized PnL to save the platform. Variational's Counterparty Liquidation (their version of ADL): - No traditional insurance fund. - Every trade is against a single strong counterparty - their own Omni Liquidity Provider (OLP). - When risk spikes, OLP does partial liquidation only on what's needed. - You get closed at settlement price + liquidation reward (OLP literally pays you a bonus for taking the hit). - Bilateral margining + OLP hedges externally → much smoother handling of extreme volatility. Result? On CEXes people got screwed. On Variational the system stayed calm and fair. What do you think - is this the future of perps or just another CEX vs DEX moment? Waiting for the update where we'll finally be able to add liquidity to OLP. I think this is gonna be something massive. With my code - omni.variational.io/?ref=OMNIMUAR you'll get Silver Tier (only 18k wallets have it) +15% points boost.

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Now that some of these DEXs have TGE'd (at much lower valuations then people expected) I see more and more rhetoric about how all DEXs are doomed. But one of them is unlike the others. All DEXs on the list are either Hyperliquid or GMX clones with some small differentiation. @variational_io however is completely different Its the only RFQ platform out of all the platforms mentioned. Why this matters? RWA RFQ is far superior for bridging the liquidity from native markets to crypto RWA markets. Imagine trading basically any SPX stock with sub 1bps execution cost on $1m clips -> thats what will be possible with RFQ. Compare that to the liquidity on most current HIP3 (or competing competing venues) where a $1m clip on say TSLA costs 6-25bps -> this difference will only become bigger the more size / smaller markets you trade. Variational will win the RWA perps race Viva la Variational

Excited to announce that my referrals on @variational_io now get a total +16% points boost - upgraded from 12.5%! The 15% base boost + Silver Status now also gives +1% with higher refund chances. You no longer need to trade $5 million volume in 30 days to unlock Silver Status. omni.variational.io/?ref=OMNIMUAR +16% points boost If you're my referral, you get it automatically! Time to farm points with this much sweeter boost. Important: Be careful - many CT are faking these bonuses and deliberately misleading you just to get you to click their referral link. Don't fall for the bait!

The Variational dev team is working on a complete UI revamp ("v3"). Are there any UI changes or improvements you want to see included in the upcoming v3 update?

It's becoming increasingly clear that zero fee trading is the future of perps. All three platforms with the lowest execution costs on BTC have zero fees. Rooting for @paradex and @Lighter_xyz (alongside @variational_io of course!) to push the industry to be better for traders.

A sneak peek at some of the native iOS mobile work we're doing. The design team is also cooking up something called "v3" 🤫

One of our most requested features. Already designing our native mobile app and looking forward to taking Omni's on-the-go trading experience to the next level soon. Please keep letting us know what you want to see us improve next! We read Discord every day.

.@mr_plumpkin and I have been in crypto for about 10 years. We've seen the market rise and fall more times than I can count. Prices and metrics always rebound. @variational_io has a lean team, growing revenue, and a stacked roadmap. We're building for the long-term.

Is Variational the next big airdrop after Lighter? Looks like many @Lighter_xyz whales think so and they’re already farming @variational_io Lighter was one of the biggest airdrops last year. A lot of people made serious money… and didn’t stop. So where did they go next? Variational. To prove it, I merged on-chain data with the Variational leaderboard. That gave me visibility into wallet volumes, deposits, withdrawals, PnL, loss refunds, and more. Let’s look at a few wallets that farmed Lighter and are now clearly farming Variational: 0x9b2883…7ca1 (Contessa) #1 on the Variational leaderboard by volume. • $2.2B volume • $1.1M trading losses • -$93k received via Loss Refunds Previously received 67,255 $LIT from Lighter and sold around ~$2.5. 0x14191d…51ec Received 88,863 $LIT from Lighter (still holding). On Variational: • #4 by volume • $800M volume • +$2.2M PnL Inactive for the last week. 0xdf5a40…ecda Only 2,300 $LIT from Lighter, but clearly focused on Variational: • $751M volume • -$1.1M PnL ( 0x5f3e9f…39b7 Received 47,000 $LIT, sold at ~$2.6 on airdrop day. On Variational: • $593M volume • -$91k PnL • $24M weekly volume very active trader. 0x31b350…5563 (@poorlydrNFT / REKTCAPITAL) Received 79,000 $LIT and sold. Early Lighter user (account #445). On Variational: • Joined in early June • $560M volume • -$252k PnL Inactive over the last 30 days. These are just 5 examples. There are many more Lighter airdrop wallets now farming Variational. If this post does well, I’ll make a Part 2. If you want to farm the Variational airdrop too, you can use my referral code OMNIBONUS it gives +12% points boost and Bronze tier. With 0% trading fees and Loss Refunds, there are plenty of smart strategies: DEX arbitrage, funding arbitrage, delta-neutral setups, and more.

best technique to get maximum points in @variational_io perp. this week i got 212 points by trading these pairs hype, sol, xrp and big position in paxg for funding fees. volume is around $4.1m which is 60% in xrp and sol & other 40% in paxg gold and hype. i am doing delta neutral with extended but pnl on variational is +6.1k which is very beneficial for points. things you should learned for variational: 1. keep leverage around 10x 2. hold your position longer around 24 hours to 48 hours. 3. open interest matters the most > raw volume 4. alt pairs give 30 to 40% points boost 5. open position in parts and be random with numbers 6. don't use all the account balance in trades.. use only 60% 7. profit gives more points so try to be profitable in delta neutral 8. use the platform like retailers do, use sl & tp use code: OMNIRYUZAKI ( 15% boost on points ) the value of each points going to be $20 to $30 which is worth it. so this week got me $4200 which is decent cook. keep farming perps 🤝

Omni is now the largest protocol by gas spending on @arbitrum, accounting for over 7% of all gas spent on Arbitrum One over the past 30 days.

Great writeup by @tradinghoex . TL;DR why Variational is the perp endgame: "Variational went in a completely different direction with an RFQ-based aggregator model, abstracting fragmented liquidity across venues and returning part of market-making profits back to traders."

Shouout to @ilyessghz2 for adding Omni to his execution cost leaderboard! A few notes: ➡️ Zero-fee exchanges currently offer demonstrably lower execution costs on nearly all markets & order sizes. ~$10k-100k sized trades on altcoins are where zero fees save traders the most on execution. ➡️ Omni's spreads are not artificially tighter due to incentives/points. Spreads will only get tighter from here, even once points are over. More examples on execution costs in comments 👇

@0x_andrew_ @Lingersj @ag_dwf @AlessiaBaumgar @fionaclairema Congrats 🙌🏻

Personal update: I’m excited to announce that I’ve joined DWF as Head of BD within the OTC department Super excited to work alongside an amazing team and great leaders like @Lingersj, @ag_dwf, @AlessiaBaumgar, @fionaclairema, and many others Always happy to reconnect - DMs open TG: @andydefi7

🧐 Should you farm Perp DEXes? A long but honest take (Thread 🧵) It’s already obvious: Perp-related projects are the new meta, similar to L2s in previous cycles. But there are key differences ⬇️ 1️⃣ They generate real revenue Unlike most L2s (hello Starknet), Perp DEXes actually make money. More revenue = easier & stronger listings. 2️⃣ Referrals are marketing, not “scams” Don’t cry about “exit liquidity”. Ref programs = constant marketing pressure. Top influencers usually farm harder than all their refs combined. 3️⃣ Points with clear math Points exist. Premarkets exist. You can estimate ROI before TGE. 👉 These 3 things change the whole approach and extend the meta’s lifespan. Lets go further👇

smth cooking 👀

Especially written for KOLs and stakers of $COOKIE who make noise and beyond price level do not see anything After watching for Cookie3, then Cookie DAO around 2 years. I see this quarter to be the hugest for all ecosystem 1) Upcoming new products: Global Snaps Token station MCP by Cookie.fun (highly anticipated by me, I feel compared to Nansen MCP or Elfa.ai it will create new benchmark in this field) 2) Current new products: Cookie Launchpad There is some noise about unfairness to diamond stakers and remaining one. Diamond stakers have not big priority compared to public round, only 400$ around. Conversely, I would pay attention to public round, as it is first launch there might be hidden base reward (everyone remember PLASMA?) as well as priority to all the stakers in public round ( I guess it is just not disclosed yet). Definitely the public allocation will not be shared among ppl who are not dedicated to Cookie ecosystem 3) New listing: We still miss one good listing: Upbit. Korean market is pretty closed and I see how Cookies pushes projects Korean snaps campaign by allocating some extra rewards to them. It really shifts it closer to it 4) My favorite one: MAFs Beyond that, I made through MAFs a number close to 6 figure. Upcoming MAFs will create unprecedented buy pressure. Estimated by me only VOOI will require 6-7 millions of tokens🧨. Moving further TEN, Almanak, BOB, TRIA… will have TGE in November and early December it is extra 6-7 millions. Overall, 15 millions of tokens!!!! Do you need extra arguments to add it at least to watchlist at Binance? 5) After market realisation of it => instant FOMO How it works I hope I shouldn’t say I have already sent screenshot about Recall Believe me I will do the same thing about VOOI and many other MAFs 6) Buyback and burning mechanism: In ACT 3 there is statement that, all the payment received from cookie.fun API, a half goes to treasury, another one goes to buyback. The last month Kaito sent to buyback around $1.2 millions. Kaito MC is $300 millions, so it doesn’t make a big impact. Cookie collecting it for 8 months, then it will make so big back. I wouldn’t even get surprised if it will 10% from FDV just in one time Burning mechanism goes through legal staff. I feel it will be reales really soon @fwielanier do u have anything to add to make me more bullish? Drop ur best guess on price by December 31st in comments