Varda Space Industries Successfully Reenters W-6, Validating Autonomous Navigation and Advanced Thermal Protection Systems The capsule landed safely within the designated recovery zone at the Koonibba Test Range in South Australia, operated by Southern Launch, marking the company's second reentry of 2026. Similar to Varda's previous missions with Department of War payloads, the W-6 mission was funded through the Prometheus program, a partnership between the Air Force Research Laboratory (AFRL) and commercial space entities, which is addressing a national security need to accelerate novel science and technology experiments in the extreme hypersonic reentry environment through a low-cost, high-cadence flight testbed.

Nine variables govern a fundraising tranche. Valuation delta, TGE unlock, cliff, vesting, IMC, FDV, allocation, raise size, strategy. Every single one is a tradeoff. Move one up, another has to move down. Over-sweeten seed terms and public investors revolt. Reduce allocation and you miss your raise target. The common founder mistake is to optimise each round in isolation. The right approach is to solve the full system at once, because investors compare their tranche to every other one before signing. Read the full article:

On a new deadly variant of Ebola that is spreading in eastern Democratic Republic of Congo: “People are dying. I don’t have medicines, I don’t have vaccines." Trump's cuts in funds for healthcare and withdrawal from @WHO don't help.

Welcome back to the Variational biweekly update! PRODUCT ➡️ The most recent mainnet release was v0.17.1. ➡️ Added initial Phase 1 RWA markets to testnet for public testing. METRICS ➡️ Total Volume Traded: $219.08B ➡️ Current Dual-Sided OI: $740.07M ➡️ TVL (Excludes Some OLP Hedging Accounts): $104.0M ➡️ Total Tokens Currently Listed: 456 ➡️ Total Rewards Claimed: $6,945,522 ➡️ Total Losses Refunded (Sunset): $4,559,196 ➡️ Total Referral Rewards Claimed: $2,386,326 ➡️ Daily Active Users (avg. over past week): 8,389 ➡️ Weekly Active Users: 14,773 ➡️ 2w Spreads Paid (Gross Revenue): $1,687,700 ➡️ 2w Market Making Costs (Cost of Revenue): ($1,011,619) ➡️ 2w Net Revenue: $676,081 ➡️ 2w Rewards: ($81,710) ➡️ Referral Rewards: ($81,710) ➡️ 2w Net Profit: $594,371 ➡️ Protocol Treasury: $337,540 ➡️ OLP PnL: $256,831 ➡️ Lifetime OLP PnL: $12,980,541 ➡️ Current Protocol Treasury Holdings: 2,070,935 USDC

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