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Founder @variational_io building the most rewarding place to trade perps & bringing OTC derivs on-chain
Private Beta Live on Arbitrum
Joined January 2024
Why we raised more from VCs during an anti-VC meta:. It’s no secret that most crypto holders and traders aren’t the biggest fans of venture capital right now. After years of the low-float/high-FDV launch meta extracting from retail, followed by Hyperliquid breaking out as the.
We’re proud to announce that we’ve closed a $1.5M strategic round including @mirana, @caladanxyz, @zokuventures, and a small number of other key partners. To welcome Omni’s next phase of growth on @arbitrum, we’ve now opened the referral program to all users. 1/
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3 weeks, 3 huge deploys. 2-4 more to go. Omni Summer.
We just published our latest biweekly update!. PRODUCT:. ➡️ The most recent mainnet release was v0.1.42.➡️ Completely reworked the order entry form.➡️ Added configurable leverage by position.➡️ Can easily preview estimated slippage and set max slippage.➡️ Bid and ask quotes are
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An excellent thread 🧵 about Omni’s advantages and unique design. Thanks for the shoutout and detailed thoughts @choffstein !.
i've been really impressed with the available liquidity at @variational_io. $10mm in BTC @ Hyperliquid was quoting ~2.5bp spread (jumping between 0-20bp) + 4.5bp taker fees. at VariationalOMNI it was 6bp.
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3 huge deploys in a row. This was the biggest, introducing a completely new order entry experience. Many more to go over the next few weeks. Omni Summer.
We just pushed another release to mainnet. ➡️ Complete rework of order entry form.➡️ Configurable leverage by position.➡️ Enabled PnL card shareouts from portfolio page.➡️ Funding rate updates (see docs). Let us know what you think of the new order entry form! 👀
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The exponential curve is starting to look juicy. Most of our biggest announcements haven't dropped yet, but adoption is already starting to follow a hockey stick pattern, despite our closed beta with limited invite codes.
Omni has officially processed upwards of half a billion dollars in volume across over 225k trades. $1b next 🔜
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That being said, this is still obviously massively bullish for Hyperliquid, hyperunit, and the perps space as a whole. More perp traders being onboarded is always good. A rising tide lifts all boats ⛵️.
CLOBaaS. Very cool use of @hyperunit too. Congrats to @sershokunin and team!.
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These are some of the highest perp fees on the market. For $1M in BTC volume, you pay $950 in fees. After spread, total cost reaches $1,000. That’s ~2x what you’d pay trading directly on Hyperliquid. On Omni, $1M BTC volume would cost around $300, with no fees and only spread.
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CLOBaaS. Very cool use of @hyperunit too. Congrats to @sershokunin and team!.
Introducing: Phantom Perps 👻 ♾️. Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @HyperliquidX
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Over 141,000 tokens have graduated from Relying on a manual listings team in this market is a losing strategy. At any given moment, there are dozens, sometimes hundreds, of tokens trending that people want to trade. The only way to keep up with this
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Someone asked why our engineers aren't more active on Twitter. Honestly, I've found there's an inverse correlation between an engineer's raw skill and their desire to post about it. I'll take a team of brilliant, heads-down builders any day. I can handle the tweeting for them.
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I'd like to think I can compete for the biggest gain %, but let's be real: I'll be competing for the biggest loss. Come join in the fun!.
We just announced the first PnL card competition on Omni!. Share your PnL cards on X, and win your share of 1,000 USDC. ➡️ Live now until Thursday @ 5p UTC ⏰.➡️ Rewards for largest % gain, largest $ loss, and more. Check the comments below for the full competition rules 👇
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On most exchanges, you pay the spread + a taker fee (~4-5 bps). On Omni, you just pay the spread. With ZERO fees and newly tightened spreads, we're already the cheapest place to trade for many assets.
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RT @wengevar: Omni (built on @variational_io) is the most structurally sound trading venue onchain right now, and most still haven’t caught….
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This is like offering a public vault on Robinhood that allows you to earn from Citadel's profits.
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Robinhood offers zero fees by selling user order flow to market makers such as Citadel. On Omni, OLP is the market maker and captures the full value of order flow. These profits are then distributed back to vault depositors and users.
While all of CT simps for Robinhood x Arbitrum, here’s my actual take. not so sure it’s that bullish for the crypto incels
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Back in the days, I'd watch pros like EG IdrA on and even play in amateur tournaments. Now I just don't have the time to play as much, but I still love to watch :).
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Feeling pretty good about our early decision to build on @arbitrum . Great to see other market leaders joining us.
You didn’t think we’d just announce new products, did you?. The Robinhood Chain is currently being built on @arbitrum to power the future of asset ownership. #RobinhoodPresents
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Blew up my test account the other week. Guess getting liquidated to 0 is a right of passage?
Source of the screenshot: my tiny account on mainnet. Go try PnL shareouts! 🚀
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RT @variational_io: Omni's base trading costs are currently comparable to Binance's VIP 4 tier. For most traders, Omni is already the cheap….
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