New announcement from 0xmgb in Discord:
Welcome back to the Variational biweekly update!
Product
• The most recent mainnet release was
v0.22.0.
◦ Added buy/sell icons to charts.
◦ Mobile portfolio balance display.
◦ Improvements to PnL card shareouts.
◦ Improved chart setting persistence.
Community
• The v3 UI supports PWAs, meaning you can now get a
Variational app on your home screen.
• Omni reached a new open interest all-time high,
crossing $1.3B. Over 30% of this OI is from traditional markets.
• Variational is the
second-largest venue for trading traditional markets on-chain, ranked by both volume and OI.
• The Variational protocol treasury
crossed 5M in USDC holdings.
• The
third Variational TradFi trading competition was launched last week. There’s still around one week left to climb the leaderboard!
• Variational is the
most liquid place to trade gold in size on-chain.
• With today’s listing of Visa and PayPay, Variational now offers perps on
76 different TradFi markets.
Metrics
•
Key Metrics ◦ Total Volume Traded: $278.10B
◦ Current Dual-Sided OI: $1.32B
◦ TVL (Excludes OLP Hedging Accounts): $158.17M
◦ Total Markets Currently Listed: 517
•
Rewards Metrics ◦ Total Rewards Claimed: $7,600,341
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $3,041,145
•
User Metrics ◦ Daily Active Users (avg. over past week): 9,798
◦ Weekly Active Users: 16,932
•
Revenue Metrics ◦ 2w Spreads Paid (Gross Revenue): $2,380,440
◦ 2w Market Making Costs (Cost of Revenue): ($1,365,199)
◦ 2w Net Revenue: $1,015,241
◦ 2w Rewards: ($115,932)
◦ Referral Rewards: ($115,932)
◦ 2w Net Profit: $899,309
◦ Protocol Treasury: $476,088
◦ OLP PnL: $423,221
◦ Lifetime OLP PnL: $16,042,776
◦ Current Protocol Treasury Holdings: 5,144,043 USDC
We appreciate your continued trust and support @ everyone!
