New announcement from 0xmgb in Discord:

Welcome back to the Variational biweekly update!

Product
• The most recent mainnet release was v0.36.1.

Community
• We released some initial information about the $VAR token: 32% of supply in the genesis airdrop, and launching in Q4. Points run until TGE.
• @ User and @ User went on Bankless to discuss Variational’s unique design and the upcoming $VAR token.
• Taiwan Index (TWI), Copper (COPP), and Cocoa (COCOA) swaps were listed.
• Variational crossed $3B in 24h trading volume and $2B in open interest for the first time.
• The first Variational swaps trading competition came to an end.
• @ User’s RWAPulse dashboard went live, highlighting Variational’s leading execution costs on TradFi markets.
• The next major project in development is the Omni trading API.
• In just one month since launch, swaps have crossed $30B in lifetime trading volume and $400M in open interest.

Metrics
• Key Metrics
◦ Total Volume Traded: $378.54B
◦ Current Dual-Sided OI: $2.13B
◦ TVL (Excludes OLP Hedging Accounts): $298.28M
◦ Total Markets Currently Listed: 560
• Rewards Metrics
◦ Total Rewards Claimed: $8,564,196
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $4,005,000
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $7,372,480
◦ 2w Net Revenue: $3,383,789
◦ 2w Rewards: ($337,984)
◦ Referral Rewards: ($337,984)
◦ 2w Net Profit: $3,045,805
◦ Protocol Treasury: $1,474,496
◦ OLP PnL: $1,571,309
◦ Lifetime OLP PnL: $21,358,678
◦ Current Protocol Treasury Holdings: 9,758,014 USDC

Thank you for your continued trust and support @ everyone!