New announcement from 0xmgb in Discord:

gVar! <@958831822773567548> and I just spent a week in Korea for Korea Blockchain Week and a week in Singapore for Token2049 to spread the word about Variational. In the meantime, the devs kept shipping, and the Variational community brought Omni to new all-time highs in volume and OI!

**Product**
* The most recent mainnet release was [v0.1.96](<https://discord.com/channels/1196857788220067943/1338537927365492818/1423510789431754835>)
* User bad debt (negative balances) have been cleared for small amounts, and will be automatically wiped if incurred going forward.
* Quote latency reduced by over 50%.
* The banner at the top of the app can now be dismissed (x in top right).
* Other minor stability, UI, and performance improvements.

**Community**
* Omni again crossed a [new all-time high in both volume and open interest](<https://x.com/variational_io/status/1973227871541010790>) this week!
* Over [$180k in losses](<https://dune.com/cas333333/variational-stats>) have been refunded to over 3,000 unique users via loss refunds!
* We’ve been busy making some noise about Variational in Korea and Singapore:
* We participated in a live perps trading competition with Lighter, EdgeX, and GVRT that went [viral on Twitter](<https://x.com/hansolar21/status/1970070210750128572>). Thanks to our mod <@762499331202351134> for representing Omni on stage!
* We presented Omni on stage at [HackSummit](<https://x.com/hack_vc/status/1960901351535522114>) to a packed crowd.
* We hosted a [Variational x Arbitrum mixer](<https://x.com/variational_io/status/1962928003194978596>) in Korea!
* We hosted a traders’ dinner in Korea.
* <@958831822773567548> spoke on a [panel with Deribit, FalconX, and CoinFund](<https://x.com/caladanxyz/status/1972590751289627084>) in Singapore at Caladan’s Institutional Day.
* We hosted a traders’ dinner in Singapore.
* In between all of these, we met with countless partners and individual traders!

**Metrics**
* *Key Metrics*
* Total Volume Traded: $3,770,529,241
* Current Dual-Sided OI: $68.82M
* Total Trades Placed: 674,962
* Total Tokens Currently Listed: 516
* *Rewards Metrics*
* Total Losses Refunded: $187,969
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 3.14%
* *User Metrics*
* Daily Active Users (avg. over past week): 632
* Weekly Active Users: 1,580
* *Revenue Metrics*
* 2w Revenue: $416,315
* Revenue Directed to OLP: $277,545
* Revenue Directed to Loss Refund Pool: $138,770 (plus $95,000 in manual deposits for boost campaign)
* Total OLP PnL: $1,248,954

@everyone