New announcement from 0xmgb in Discord:

gVar! We’re excited to share another big two weeks of shipping & platform growth with you in this biweekly update.

**Product**
* The most recent mainnet release was [v0.2.3](<https://discord.com/channels/1196857788220067943/1338537927365492818/1428540748097388554>).
* Spreads have been tightened across the board (e.g. BTC spreads for small orders have been cut by 90%+).
* Updates to rewards page.
* Removed spread discounts as a reward mechanism in favor of slashing spreads for all users.
* Removed referral reward rate display (changing from % of volume to % of spreads paid by users. Referral activity under previous structure will be paid out as originally described once ref reward claims are live).
* Updated spread display to show more precision (especially on tighter spreads).
* Substantial performance improvements in preparation for significant increases in load.

**Community**
* We released a Dune Dashboard (powered by [@EntropyAdvisors](<https://x.com/entropyadvisors/>)) that tracks TVL, active accounts, loss refunds, and more. Check it out [here](<https://dune.com/entropy_advisors/variational-protocol>).
* Omni had zero issues during the flash crash on 10/10. Read some thoughts from @lvs on Twitter [here](<https://twitter.com/variational_lvs/status/1976777647222096116>).
* Omni automatically refunded [over $190k in losses](<https://twitter.com/mr_plumpkin/status/1976794732270698810>) on the day of the flash crash.
* Variational co-founder <@936805508898238494> wrote a reply to stalequant’s essay “The Robinhood model doesn’t work for crypto”. Read it [here](<https://x.com/mr_plumpkin/status/1975836912855503109>).
* Omni has crossed [500m in 24h taker volume, and $1M in total losses refunded](<https://x.com/variational_io/status/1979197200623374489>).

**Metrics**
* *Key Metrics*
* Total Volume Traded: $7,837,480,311
* Current Dual-Sided OI: $94.45M
* Total Trades Placed: 1,033,687
* Total Tokens Currently Listed: 509
* *Rewards Metrics*
* Total Losses Refunded: $1,048,964
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 4.3%
* *User Metrics*
* Daily Active Users (avg. over past week): 1,223
* Weekly Active Users: 3,251
* *Revenue Metrics*
* 2w Revenue: $1,880,784
* Revenue Directed to OLP: $1,320,448
* Revenue Directed to Loss Refund Pool: $560,336 (plus $260,000 in manual deposits for boost campaign)
* Total OLP PnL: $2,569,402

Thank you @everyone for your continued support!