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@variational_lvs
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founder and ceo @variational_io
Joined January 2024
Omni has crossed $2b in 24h volume and $380m in open interest.
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Today, Omni surpassed 10,000 lifetime traders. Thanks to everyone who's given Omni a try so far!
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PS: Translations coming soon into many languages with the help of our global community!
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New site does a much better job at summarizing our vision. Looks great too 👀
The brand-new Variational website (designed to match the recently updated app UI) is now live!
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$1.6B volume today with ~$250M in OI. Our week to week growth in particular has been astronomical for the last few weeks in a row.
Seems that our community is responding positively to the massively improved spreads from our OLPv2 deployment a few days ago. OI peaked a couple of weeks ago at ~$200M and right now is hovering around $165M. We're just getting started @variational_io !
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Seems that our community is responding positively to the massively improved spreads from our OLPv2 deployment a few days ago. OI peaked a couple of weeks ago at ~$200M and right now is hovering around $165M. We're just getting started @variational_io !
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Slow and steady.
Biweekly update: PRODUCT ➡️ The most recent mainnet release was v0.2.3. ➡️ Spreads have been tightened across the board (e.g. BTC spreads for small orders have been cut by 90%+). ➡️ Updated spread display to show more precision (especially on tighter spreads). ➡️ Tweaks to loss
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Hitting comfortable all-time highs mere hours after our OLP overhaul enabling 90%+ tighter spreads. Still refunding your losses. Still no fees.
Omni has now crossed $500m in 24h taker volume, reaching a new all-time high. Omni has also surpassed $1M in cumulative loss refunds sent for losing trades.
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Great to see @variational_io shipping nonstop! - Zero fees - Loss refunds - Competitive spreads Variational Everywhere. Arbitrum Everywhere
The latest Omni release tightened spreads across the board, especially on majors. For example, spreads on small BTC orders have been cut by up to 90%. This now makes Omni one of the cheapest places to trade for all order sizes. Happy trading!
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Took many months of work upgrading all parts of the system, but we were able to cut spreads across the board by up to 90%. You would literally be paying 50x more in transaction costs on Binance. AND we refund you back trading losses 2%+ of the time.
The latest Omni release tightened spreads across the board, especially on majors. For example, spreads on small BTC orders have been cut by up to 90%. This now makes Omni one of the cheapest places to trade for all order sizes. Happy trading!
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On 10/10, Omni automatically refunded ~$190k in user trading losses, marking a new record in daily loss refunds. The largest single refund was for $21,877. Boosted loss refund odds are still live for ~4 more days!
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Thank you @Dune for highlighting our new @variational_io dashboard! You can use it to track Variational’s TVL growth, user activity, and refund distributions across its perps infrastructure on @arbitrum. Explore the full dashboard below 👇
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Flash crashes place a huge strain on trading platforms. I'm proud to share that @variational_io Omni has stayed up throughout this extreme volatility, with liquidations, trading, and OLP functioning as expected.
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Some observations about loss refunds in celebration of crossing $500K user trading losses refunded: - On most recent days, @variational_io has refunded between $40K and $65K of user trading losses. - >1.3K traders have received loss refunds (a sizable portion of our daily
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Variational Omni refunds your losses. Why trade elsewhere?
Omni has now surpassed $500,000 in user trading losses refunded.
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.@variational_io now has 10 employees. Proud of how our small team performed over the past few months with recent exponential scaling.
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Amazing work by @EntropyAdvisors showing off our exponential growth with on-chain data. Watching the loss refund pool size is a particularly fun pastime for me. >$175,000 currently up for grabs on @variational_io !
A new infra layer for perp DEXs on @arbitrum, @variational_io, is gaining traction with its 0 fees and RFQ model: It's powering its first app, Omni, which has: - $3.8B Cumulative Volume - Refunded $300k+ user PnL losses Let's dive into the stats (🔍/8)
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Omni has now refunded over $300,000 in user losses. The largest single loss refund so far was for $17,077. Only on Omni.
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Omni has hit another new all-time high in both 24h volume and open interest today. ➡️ $192M 24h taker volume ➡️ $120M dual-sided open interest
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