New announcement from 0xmgb in Discord:

Welcome back to another Variational biweekly update!

Product
• The most recent mainnet releases were v0.17.2 and v0.17.3.
◦ Listed initial RWA markets.
◦ Added categories for crypto and TradFi markets.
◦ Launched the first RWA trading competition.

Community
• We announced our $50M Series A led by Dragonfly & launch of our first RWA markets, with exclusive coverage from Fortune.
• Points distributions 23 and 24 have been completed.
• We hosted both a Korean community AMA and a Chinese community AMA on X.
• SpaceX, Platinum, Palladium, Natural Gas, and Brent Oil have been listed since the launch of Phase 1.
• Over 100 markets have been listed as “coming soon” with TradFi liquidity already sourced.
• Omni crossed $1B in open interest.
• The first Omni RWA trading competition is now live.

Metrics
• Key Metrics
◦ Total Volume Traded: $229.8B
◦ Current Dual-Sided OI: $992.75M
◦ TVL (Excludes Some OLP Hedging Accounts): $122.77M
◦ Total Tokens Currently Listed: 465
• Rewards Metrics
◦ Total Rewards Claimed: $7,042,844
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,483,648
• User Metrics
◦ Daily Active Users (avg. over past week): 10,805
◦ Weekly Active Users: 20,082
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $2,243,040
◦ 2w Market Making Costs (Cost of Revenue): ($1,272,376)
◦ 2w Net Revenue: $970,664
◦ 2w Rewards: ($107,553)
◦ Referral Rewards: ($107,553)
◦ 2w Net Profit: $863,111
◦ Protocol Treasury: $448,608
◦ OLP PnL: $414,503
◦ Lifetime OLP PnL: $13,395,044
◦ Current Protocol Treasury Holdings: 2,522,857 USDC

As always, our team is grateful for the continued trust and support @ everyone!