Variational (#id164015)

Welcome back to the Variational biweekly update!

Product
* The most recent mainnet release was v0.38.1
* Improvements to portfolio page
* Extended QR-linked mobile session log in timer to 30 days
* Preparations for trading API release
* /v2/stats read API endpoint

Community
* Citrini Research covered Variational’s broker-like model in their latest piece.
* Variational is now the largest on-chain platform for TradFi derivatives by volume.
* Many new swap markets were listed, including VXI, CNA50, DXI, USFNG, GASOL, HOIL, and US30.
* On Variational, swaps OI has now surpassed TradFi perps OI.
* Members of the Variational team visited Seoul and Singapore for the KBW and Token2049 conferences.
* Variational now has the most listed markets of any major on-chain trading platform.
* Variational has crossed $4M in referral rewards paid out through the protocol.
* The Variational protocol crossed $400B in lifetime volume processed.
* The Variational protocol treasury crossed $10M in USDC holdings.

Metrics
* *Key Metrics*
* Total Volume Traded: $417.92B
* Current Dual-Sided OI: $2.04B
* TVL (Excludes OLP Hedging Accounts): $290.88M
* Total Markets Currently Listed: 575
* *Rewards Metrics*
* Total Rewards Claimed: $8,831,643
* Total Losses Refunded (Sunset): $4,559,196
* Total Referral Rewards Claimed: $4,272,447
* *Revenue Metrics*
* 2w Spreads Paid (Gross Revenue): $6,561,755
* 2w Net Revenue: $3,682,137
* 2w Rewards: ($303,768)
* Referral Rewards: ($303,768)
* 2w Net Profit: $3,378,369
* 2W Protocol Treasury Inflow: $1,312,351
* 2W OLP PnL: $2,066,018
* Lifetime OLP PnL: $23,424,969
* Current Protocol Treasury Holdings: 11,077,933 USDC

Thank you for your continued trust and support @everyone!

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