Variational
@variational_io
Trade crypto, stocks, commodities, and indices on-chain. 500+ markets. 50x leverage. 0% fees.
40 Following 72.6K Followers
Variational is a trading platform built on crypto rails, not a crypto trading platform.
A $2M gold trade on Omni had a $427 all-in execution cost, with zero fees.
Swaps are built for traders who want the best execution available on-chain, especially for large orders.
Show more
Welcome back to another Variational biweekly update!
PRODUCT
➡️ The most recent mainnet release was v0.34.0.
➡️ Added in-app announcement page.
➡️ Improved margin usage display.
➡️ Improved notification display.
➡️ Other miscellaneous UI improvements.
METRICS
➡️ Total Volume Traded: $339.75B
➡️ Current Dual-Sided OI: $1.83B
➡️ TVL (Excludes OLP Hedging Accounts): $236.12M
➡️ Total Markets Currently Listed: 552
➡️ Total Rewards Claimed: $8,275,215
➡️ Total Losses Refunded (Sunset): $4,559,196
➡️ Total Referral Rewards Claimed: $3,716,019
➡️ 2w Spreads Paid (Gross Revenue): $4,570,970
➡️ 2w Net Revenue: $2,479,527
➡️ 2w Rewards: ($211,814)
➡️ Referral Rewards: ($211,814)
➡️ 2w Net Profit: $2,267,713
➡️ Protocol Treasury: $914,194
➡️ OLP PnL: $1,353,519
➡️ Lifetime OLP PnL: $19,787,369
➡️ Current Protocol Treasury Holdings: 8,274,637 USDC
We appreciate your continued trust and support!
Show more
For week 40 of the Omni points program, 150,000 points were distributed across 25,967 accounts.
In just over two weeks since launch, more than $10B in lifetime volume has been traded on the first Variational swaps.
TradFi liquidity, now on-chain.
Variational was built to see what benefits that a RFQ-based, broker-like platform could give users that standard order book exchanges can't.
The benefits include zero fees, 550+ liquid markets, and being the first place to trade using TradFi liquidity on-chain with swaps.
Show more
The first Variational swaps trading competition is nearly halfway over, with more than 1.3k traders already signed up!
Opt in to the competition in one click, and start trading TradFi markets with the deepest liquidity available on-chain.
Show more
We’re hosting the first Variational swaps trading competition with $20,000 in prizes!
The competition will rank users based on a “Competition Score” (PnL on Swap Markets × √Volume on Swap Markets)
👇
Show more
More than 115 perp and swap listings for traditional markets are already live on Variational, with hundreds more coming soon.
TradFi markets now make up more than 40% of open interest on the platform.
One account. Every market.
Show more
Variational is the best place to trade traditional markets in size.
Slippage on $1M swap orders:
➡️ US100: 0.004%
➡️ US500: 0.008%
➡️ XAU: 0.020%
➡️ USOIL: 0.040%
➡️ UKOIL: 0.043%
➡️ TWI: 0.025%
All-in execution costs at $1M size are lower than fees alone on most traditional exchanges.
Show more
Today, @castle_labs released a research report digging into execution costs on swaps.
"Our analysis confirms that for most sizes, Variational is the cheapest venue for the current listed assets, costing as low as $47 for a $1 million trade in the case of US100."
Show more
For week 39 of the Omni points program, 150,000 points were distributed across 25,662 accounts.
Today, @castle_labs released a research report digging into execution costs on swaps.
"Our analysis confirms that for most sizes, Variational is the cheapest venue for the current listed assets, costing as low as $47 for a $1 million trade in the case of US100."
Show more
We’re hosting the first Variational swaps trading competition with $20,000 in prizes!
The competition will rank users based on a “Competition Score” (PnL on Swap Markets × √Volume on Swap Markets)
👇
Show more
The Variational protocol treasury has crossed 7M USDC, with $1.5M+ in revenue directed to the treasury over the past month.
Since the launch of TradFi perps on Omni, more than $30k in dividends has been paid to traders who have held long positions on markets that pay dividends.
Just like perps, swaps will pay dividends to long holders based on the underlying.
Show more
A new release was recently pushed to mainnet that added dividends information to TradFi market pages.
Traders can receive dividends for holding long positions in TradFi perps on Variational.
Show more
For week 37 of the Omni points program, 150,000 points were distributed across 25,230 accounts.
The second week of points and USDC for the On-Chain Trader Rewards program have been distributed.
335 new addresses have onboarded through the campaign. 89 have completed 100% of their milestone.
Accounts flagged for self-referring / multiaccounting were not rewarded.
Show more
Yesterday the Variational protocol hit a new 24h trading volume all time high of $2B+.
JUST IN: @variational_io hits a new all time high of $2.1B+ in 24hr volume
Perps on Arbitrum are inevitable
🚨 We just launched Variational Analytics
Join us on X Spaces with the @variational_io and @arbitrum teams to discuss everything Variational and potential alphas.
Time: 🕙 August 26 10am ET
Speakers & Host:
• @jrdnwaldenville
• @0xMGB
• @cas3333333
• @0xpibs
Show more
Our @variational_io analytics are expanding.
Alongside our Dune dashboard, we're building a dedicated ecosystem page on arbdata[.]com.
Launching Tomorrow.
