LukaDukes retweetledi
Coming soon in Phase 2: TradFi liquidity for 100+ new RWA listings.
English
LukaDukes
1.9K posts
at the time i started using @variational_io, i was being shilled on several perps dexes at the same time, mostly because of how early i was to lighter.
had several calls with most of the major perp dex teams at the time, not going to name names, but safe to say, i think i chose the right one to concentrate most of my efforts, referrals, and trading.
again, i would highly recommend speaking to founders, devs, teams and figuring out what makes the most sense to you and concentrating your efforts there. speak to several teams building in the same vertical, and decide which one is the most interesting.
s/o @0xUsamaro for pilling me early to @variational_io
Variational Summer
omni.variational.io/?ref=OMNITHEO
use code OMNITHEO for points boost and instant bronze tier!
Variational@variational_io
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain. Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.
English
LukaDukes retweetledi
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain.
Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.
English
Everyone spamming “Hyperliquid” and rightfully so, but most do not realize there would be another beneficiary
@variational_io summer still to come
The Kobeissi Letter@KobeissiLetter
BREAKING: The SEC is set to release its so-called "innovation exemption" for tokenized stocks which will pave the path for trading digital versions of securities, per Bloomberg. Details include: 1. In a "surprise move," the SEC is leaning toward allowing the trading of tokenized assets 2. These tokenized assets would be tradeable on decentralized crypto platforms 3. The move could "reshape the landscape of the American stock market" 4. This would also be one of the US' biggest shifts into crypto infrastructure yet Tokenized assets are rapidly expanding.
English
LukaDukes retweetledi
LukaDukes retweetledi
LukaDukes retweetledi
LukaDukes retweetledi
Some personal news:
I've joined Variational as head of product. I am now responsible for driving the product’s transition from crypto to RWAs.
As a long time crypto builder, this is the first time in a while that I'm waking up genuinely excited about what I’m shipping. Beyond the mission, I’ve been incredibly impressed by the caliber of the team here
@variational_io is the universal broker. We aggregate liquidity across all perps so users get the best execution in one place. We've facilitated $200B of volume, with current OI at $650M.
The RWA category is already bigger than most people realize. RWA perps are now ~50% of onchain volume and the main driver of growth.
We’re partnering with the largest exchanges and market makers in tradfi to bring their liquidity to Variational. This means the same depth as tradfi, the best funding rates in the industry, and a breadth of perp markets that don’t exist anywhere else. I won't frontrun the full announcement but that's where 100% of our time is going
if you trade perps in size, specifically rwas, dm me so I can get you the benefits of early access and get your feedback built into the product.
English
🚨 BIG UX UPDATE ON ESPORTS MARKETS
Polymarket just leveled up
We added real context:
> Team form
> Map data
> Head-to-head
No excuses now
Edge is right there 🔥
English
@AvgJoesCrypto Why would they not? Robinhood did super well after integrating prediction markets, literally described it as their fastest growing product line ever.
English
- A team that openly builds and adjusts based on community feedback
- Transparent in pushing changes and iterations
- Seeing solid revenue even in growth mode
- A unique moat with OLP potential
Perp dexes may be slowing down but I'm still betting on @variational_io
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
English
Distribution is king >
Polymarket has it
Benjamin Freeman@benwfreeman1
How do Kalshi and Polymarket have the same valuation?
English
hmm, all in on BNB chain.
Makes things interesting 👀
LukaDukes@LukaDukes
@MyriadMarkets has so much potential if they would just expand to a chain with users. Its literally 50X better than Limitless UX wise
English
@ProofOfEly Been saying this for a while. The team acts like they can do no wrong and is terrible at actually taking criticism from users. Then you have the community that just agree with everything they say and come at you when you point out flaws 🤣
English
Sometimes it’s very hard to be critical in the Abstract Ecosystem even with 0 malicious intent
Many are level headed and enjoy discussion
But there are a good amount of participants and even higher up individuals who view criticism as a personal attack or hateful fud
Shoutout to those who are mature and can have conversations around this kind of stuff
Ely@ProofOfEly
From 300k+ XP to 150k XP Oof Contemplating nuking most of my holdings except $God for the time being I knew there would be favor towards onchain transactions but this is a pretty hefty slap in the face to anyone who followed what Luca said last year “Holders will be rewarded” & “farmers will be smoked” Will have to pivot the strategy a bit and just farm/wash transactions to get back the lost XP How’d everyone else do?
English
The ability to price truth for any asset class, event, or outcome in the history of the world. Instant world news, anti-media manipulation, and already beating sportsbooks at their own game, most users just haven't caught on yet.
The biggest TAM in history - everything
Naeven@Naeven_0
anyone who could explain how even together, they justify 20b val?
English
LukaDukes retweetledi
Another day, another manipulation from $UMA voters
Rules are too vague and unclear for markets like these. Not to mention they cant even take the time to make sure the Dex is spelt correctly within them🤦♂️
Gotta do better as a $12B business... @Polymarket
English