New announcement from 0xmgb in Discord:
Welcome back to another biweekly update!
**Product**
* The most recent mainnet releases were [v0.3.4](<https://discord.com/channels/1196857788220067943/1338537927365492818/1439087909700501555>) and [v0.4.2](<https://discord.com/channels/1196857788220067943/1338537927365492818/1443111134113829036>).
* Referral rewards are now live.
* Setting for “privacy mode” that hides $ values.
* Setting to “play sound on order fill.”
* Rate limits have been made more forgiving.
* Each address is now limited to three loss refunds per day.
* Referral code anti-botting mechanism has been adjusted to give users 1 week after signing up to trade.
* Re-enabled referral reward claims.
* UPnL is now shown in both % and $.
* Fixed issue that caused loss refund referral rewards to count towards the 3/day limit.
* Faster quoting and trigger checking for limit, trigger, and TP/SL orders.
**Community**
* Variational co-founder <@936805508898238494> [shared that ref rewards are the third of 5 planned mechanisms](<https://x.com/mr_plumpkin/status/1989533009469657276>) to share revenue back to the community.
* We posted the [first](<https://x.com/variational_io/status/1990492559207248352>) (and [second](<https://x.com/variational_io/status/1993108846278312244>)) “Retail Sentiment Index” constructed from Omni’s OI data.
* [Omni crossed $2M](<https://x.com/variational_io/status/1991633766805389703>) in loss refunds processed.
* On-chain metrics for referral rewards were [added to the Variational Dune Dashboard](<https://x.com/variational_io/status/1993779405492256862>).
* <@920064176506937405> hosted [the first community-run Variational Twitter Space](<https://x.com/ElNachoCrypto/status/1986583804295909877>) and has a [second one planned for December 1](<https://x.com/ElNachoCrypto/status/1993082132369977477>).
**Metrics**
* *Key Metrics*
* Total Volume Traded: $61,054,525,224
* Current Dual-Sided OI: $387.88M
* Total Trades Placed: 23,439,493
* Total Tokens Currently Listed: 489
* *Rewards Metrics*
* Total Losses Refunded: $2,549,095
* Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.15%
* *User Metrics*
* Daily Active Users (avg. over past week): 5,003
* Weekly Active Users: 12,136
* *Revenue Metrics*
* 2w Revenue: $1,498,692
* Revenue Directed to OLP: $986,035
* Revenue Directed to Loss Refund Pool: $303,886
* Revenue Directed to Referral Rewards Pool: $208,771 (excluding ~$1.1M backfill)
* Total OLP PnL: $6,990,935
Thank you for your continued support @everyone! We’ve got some more exciting updates lined up as we enter the final month of the year.
Post #249
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