New announcement from 0xmgb in Discord:

Welcome back to another Variational biweekly update!

Product
• The most recent mainnet release was v0.12.1 and v0.13.5.
◦ Added CSV downloads.
◦ Sunset loss refunds.
◦ Added reverse position button.
◦ Added new leaderboard for trading competitions.

Community
• Points distributions 15 and 16 have been completed.
• The first Omni trading competition begins today!
• The amount of revenue directed to the Variational treasury was immediately doubled after the sunsetting of loss refunds.
• Omni is now consistently the cheapest place to trade $HYPE perps for orders under $500k.
• Arbitrum highlighted Variational on their YouTube channel.
• The Variational team has grown from 13 -> 21 in the past two months.


Metrics
• Key Metrics
◦ Total Volume Traded: $197.28B
◦ Current Dual-Sided OI: $637.77M
◦ TVL (Excludes Some OLP Hedging Accounts): $108.52M
◦ Total Tokens Currently Listed: 462
• Rewards Metrics
◦ Total Rewards Claimed: $6,728,461
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,169,265
• User Metrics
◦ Daily Active Users (avg. over past week): 10,243
◦ Weekly Active Users: 16,902
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,556,120
◦ 2w Market Making Costs (Cost of Revenue): ($717,916)
◦ 2w Net Revenue: $838,204
◦ 2w Rewards: ($122,261)
◦ Loss Refunds (Sunset): ($47,134)
◦ Referral Rewards: ($75,127)
◦ 2w Net Profit: $715,943
◦ Protocol Treasury: $263,048
◦ OLP PnL: $452,895
◦ Lifetime OLP PnL: $12,551,708

As always, we appreciate your trust and support @ everyone!