New announcement from 0xmgb in Discord:

As part of today’s release, we are sunsetting loss refunds. All revenue previously directed to loss refunds will now be directed to the protocol treasury, doubling the percentage of revenue contributed to the treasury.

We’re moving toward proactive rewards (like spread rebates) that benefit users on every trade, regardless of the outcome. This ensures that rewards are more consistent, Sybil-resistant, and accessible to traders of all sizes.

We will continue to both add new reward mechanisms and direct a larger portion of revenue to the treasury over time, with the ongoing goal of making Variational the most rewarding place to trade.

Thanks for your continued support!

@ everyone