New announcement from 0xmgb in Discord:

Welcome back to the Variational biweekly update!

Product
• The most recent mainnet release was v0.15.1.
◦ Added default TP/SL slippage limits of 3%.
◦ Prepared competition leaderboard for competition 2.
◦ Miscellaneous performance improvements for trading history CSV downloads.
◦ The first version of the v3 UI was brought to testnet.

Community
• Points distributions 19 and 20 have been completed.
• The first Omni trading competition came to an end. An additional 20k points were distributed to trading competition participants proportional to their volume.
• CoinGecko published a case study on how their API helps Variational list the most markets of any on-chain perps platform.
• The second Omni trading competition went live with prizes for ROI, PnL, and volume. It will end on May 7th.
• @ User joined the Variational team as head of product.
• Omni’s upcoming v3 UI is now in testnet, and pending final feedback from the community.
• Variational co-founder @ User highlighted how Omni can uniquely go from listing request -> live listing with liquidity within minutes.
• An article outlining the Variational Vision and the RWA rollout strategy was published.

Metrics
• Key Metrics
◦ Total Volume Traded: $211.19B
◦ Current Dual-Sided OI: $674.88M
◦ TVL (Excludes Some OLP Hedging Accounts): $109.13M
◦ Total Tokens Currently Listed: 456
• Rewards Metrics
◦ Total Rewards Claimed: $6,871,220
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,312,024
• User Metrics
◦ Daily Active Users (avg. over past week): 7,139
◦ Weekly Active Users: 12,723
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,426,600
◦ 2w Market Making Costs (Cost of Revenue): ($1,108,556)
◦ 2w Net Revenue: $318,044
◦ 2w Rewards: ($69,545)
◦ Referral Rewards: ($69,545)
◦ 2w Net Profit: $248,499
◦ Protocol Treasury: $285,320
◦ OLP PnL: ($36,821)
◦ Lifetime OLP PnL: $12,723,710

Thank you for your continued trust and support!

@ everyone