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.

The second Variational TradFi trading competition has come to an end. If you placed in the top 20 by total score, open a support ticket in the app to claim your share of the $20,000 prize pool!

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

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.