New announcement from 0xmgb in Discord:

Welcome back to another Variational biweekly update!

Product
• The most recent mainnet release was v0.17.1.
◦ Added initial Phase 1 RWA markets to testnet for public testing.

Community
• Points distributions 21 and 22 have been completed.
• An article was released going into detail on our three-phased RWA rollout plan.
• The second Omni trading competition came to an end. An additional 20k points were distributed to trading competition participants proportional to their volume.
• @ User shared a set of RWA markets confirmed to be part of the Phase 2 wave of listings.
• Some background on Variational’s early interactions with Arbitrum was shared on X.
• The first Variational VIP merch boxes were delivered to traders.
• The Variational protocol treasury crossed 2M in USDC holdings.

Metrics
• Key Metrics
◦ Total Volume Traded: $219.08B
◦ Current Dual-Sided OI: $740.07M
◦ TVL (Excludes Some OLP Hedging Accounts): $104.0M
◦ Total Tokens Currently Listed: 456
• Rewards Metrics
◦ Total Rewards Claimed: $6,945,522
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,386,326
• User Metrics
◦ Daily Active Users (avg. over past week): 8,389
◦ Weekly Active Users: 14,773
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,687,700
◦ 2w Market Making Costs (Cost of Revenue): ($1,011,619)
◦ 2w Net Revenue: $676,081
◦ 2w Rewards: ($81,710)
◦ Referral Rewards: ($81,710)
◦ 2w Net Profit: $594,371
◦ Protocol Treasury: $337,540
◦ OLP PnL: $256,831
◦ Lifetime OLP PnL: $12,980,541
◦ Current Protocol Treasury Holdings: 2,070,935 USDC

As always, thank you for your trust and support @ everyone!