New announcement from 0xmgb in Discord:

Welcome back to the second to last biweekly update of 2025!

**Product**
* The most recent mainnet release was [0.6.0](<https://discord.com/channels/1196857788220067943/1338537927365492818/1446321534770872435>).
* Tweaks to loss refund mechanism to counter farming.
* Draggable TP/SL/Limit/Trigger orders on the chart.
* Improvements to order clearing times.
* More frequent checking of trigger conditions for TP/SL/Limit/Trigger orders.

**Community**
* Over [$1M in referral rewards have been claimed](<https://x.com/variational_io/status/1995946734984556754>) on Omni.
* Variational co-founder <@958831822773567548> joined a Korean AMA. Read the recap [here](<https://x.com/magonia_B/status/1999161583751328114>).
* The [brand-new Arbitrum website features Variational](<https://x.com/variational_lvs/status/1998435154801639575>) in many different places.
* <@920064176506937405> [hosted a second ‘viva la var’ Twitter Space](<https://x.com/ElNachoCrypto/status/1997751793808523281>) with <@252594670280900608> and Peanut, a community trader.
* [Variational is the 4th largest gas spender on Arbitrum](<https://x.com/variational_io/status/1999514504825344162>), spending ~4% of all gas on Arbitrum over the past 30d.

**Metrics**
* *Key Metrics*
* Total Volume Traded: $79,363,450,016
* Current Dual-Sided OI: $351.07M
* Total Trades Placed: 39,050,893
* Total Tokens Currently Listed: 485
* *Rewards Metrics*
* Total Rewards Claimed: $3,706,514
* Total Losses Refunded: $2,550,044
* Total Referral Rewards Claimed: $1,156,470
* *User Metrics*
* Daily Active Users (avg. over past week): 4,403
* Weekly Active Users: 10,280
* *Revenue Metrics*
* 2w Revenue: $717,249
* Revenue Directed to OLP: $349,246
* Revenue Directed to Loss Refund Pool: $221,668 (excluding $100,000 manually deposited)
* Revenue Directed to Referral Rewards Pool: $146,335 (paused for maintenance since 12/5)
* Total OLP PnL: $7,340,181

Our whole team at Variational wishes @everyone a great holiday season as we approach the end of 2025! Don’t worry – we’re still far from done shipping for the year 🙂