New announcement from 0xmgb in Discord:

Welcome back to the Variational biweekly update!

Product
• The most recent mainnet release was v0.17.4.
◦ Enabled Phase 1 listings of equities and commodities.
◦ Added mobile QR sign-in.

Community
• 28 commodity, equity, ETF, and pre-IPO markets have been listed on Variational over the past ~3 weeks: Gold, Silver, Copper, Platinum, Palladium, Brent Oil, WTI Crude, Natural Gas, Intel, Tesla, Taiwan Semiconductor Manufacturing Co, Micron, Qualcomm, Rocket Lab, Cerebras, Marvell, Nebius, Nvidia, AMD, Korea ETF, Japan ETF, Semiconductor 3x ETF, US500, QQQ, SpaceX, OpenAI, Anthropic, and Quantinuum. We’re just getting started.
• @ User joined the Variational team.
• Points distributions 25 and 26 have been completed.
• We will begin bringing TradFi liquidity on-chain during standard market hours in June.
• @ User was interviewed by DeFiLlama’s Research team.
• @ User took a trip to Korea to present at Bitcoin Seoul, and was interviewed by a variety of media outlets while there: News1, Maekyung, and TokenPost.
• An RWA progress update article was posted, sharing some metrics and charts on Variational’s initial traction on RWA markets.
• The Variational protocol treasury crossed 3M in USDC holdings, with over 1M added in 2 weeks. Information about the protocol treasury was also added to the Dune Dashboard.
• The first Variational RWA trading competition came to an end.

Metrics
• Key Metrics
◦ Total Volume Traded: $244.2B
◦ Current Dual-Sided OI: $858.6M
◦ TVL (Excludes OLP Hedging Accounts): $137.8M
◦ Total Markets Currently Listed: 478
• Rewards Metrics
◦ Total Rewards Claimed: $7,238,105
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,678,909
• User Metrics
◦ Daily Active Users (avg. over past week): 10,858
◦ Weekly Active Users: 19,456
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $4,332,160
◦ 2w Market Making Costs (Cost of Revenue): ($2,156,274)
◦ 2w Net Revenue: $2,175,886
◦ 2w Rewards: ($209,668)
◦ Referral Rewards: ($209,668)
◦ 2w Net Profit: $1,966,218
◦ Protocol Treasury: $866,432
◦ OLP PnL: $1,099,786
◦ Lifetime OLP PnL: $14,494,830
◦ Current Protocol Treasury Holdings: 3,400,937 USDC

Thank you for your continued trust and support @ everyone!