New announcement from 0xmgb in Discord:
Welcome back to the Variational biweekly update!
Product
• The most recent mainnet release was
v0.19.0.
◦ Started RWA trading competition.
◦ Added PnL chart to the portfolio page.
◦ Other miscellaneous UI improvements.
◦ Preparations for Phase 2 (TradFi liquidity).
Community
• Points distributions
27 and
28 have been completed.
• Another
RWA competition is beginning Monday, with $20,000 in prizes.
• Variational’s Head of Product
@Justin held a Q&A on X.
•
US500 dividends were paid out on Variational.
•
DeFiLlama released a report covering Variational’s unique broker-like model.
Metrics
•
Key Metrics ◦ Total Volume Traded: $255.8B
◦ Current Dual-Sided OI: $1.1B
◦ TVL (Excludes OLP Hedging Accounts): $150.3M
◦ Total Markets Currently Listed: 491
•
Rewards Metrics ◦ Total Rewards Claimed: $7,366,115
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,806,919
•
User Metrics ◦ Daily Active Users (avg. over past week): 10,603
◦ Weekly Active Users: 17,610
•
Revenue Metrics ◦ 2w Spreads Paid (Gross Revenue): $3,216,760
◦ 2w Market Making Costs (Cost of Revenue): ($1,947,440)
◦ 2w Net Revenue: $1,269,320
◦ 2w Rewards: ($155,995)
◦ Referral Rewards: ($155,995)
◦ 2w Net Profit: $1,113,325
◦ Protocol Treasury: $643,352
◦ OLP PnL: $469,973
◦ Lifetime OLP PnL: $14,964,803
◦ Current Protocol Treasury Holdings: 4,073,913 USDC
We appreciate your continued trust and support!
@ everyone
