Nacho@ElNachoCrypto
my key takeaways as host
new hires:
-the team is growing w/new engineers + bd (17 total)
-new hires are 'high performers' (former jane st. etc)
-team are 'very selective' about who they hire
-plenty of runway despite team growth
updates/rwas:
-next major update will address common feedback
-rwas en route, 25-40 initially, infinitely more coming
-expect to offer more rwa listings than anyone else
-omni to resolve prohibitive funding rates for rwas
-variational's approach will be 'new and unique'
olp:
-olp can bridge liquidity to/from other venues
-think of olp as a 'liquidity hub for perps'
-(you are not bullish enough on what olp can do)
-olp can be much more efficient over time
-spreads to tighten further going forward
-omni already one of the cheapest venues
variational ethos:
-'want to be more of a fintech app on crypto rails'
-team laser focused on 'iterative improvements' to var
growth vs. treasury:
-seeing ~200k per day in spreads paid per day
-50% goes to hedging costs (this will improve)
-the rest is split between different buckets
-5%: refs, 10%: refunds, 10%: treasury, 25%: olp
-'still figuring out optimal ratios'
-'growth is the main priority rn' (growth mode)
-closer to tge, will focus more on treasury/revenue
-transparency dashboards to come
-post tge, will have a stats page for buybacks etc.
-'strong treasury & token help with growth'
on feedback:
-'taking notes on what has/hasn't worked'
-the var team wants open/honest feedback
-committed to being transparent/listening to users
-wants to create a best in class product
on ai/llms:
-the team uses ai/llms for efficiency in a few domains
-re: speed concerns, expect productivity to ramp up
can't cover everything here. listen back to the whole thing below
was an excellent space
gvar
