New announcement from 0xmgb in Discord:
Welcome back to the Variational biweekly update!
Product
• The most recent mainnet release was v0.23.1.
◦ Added pre-IPO markets category
◦ Improved PnL shareout design
◦ Improved mobile UI
Community
• Omni reached a new open interest all-time high, crossing $1.4B. Over 30% of this OI is from traditional markets.
• We announced a partnership with the Arbitrum Foundation focusing on audits, gas sponsorship, and an improved stats page.
• Variational co-founder @ User went on a podcast with Gwart to discuss the team’s background and Variational’s unique design.
• 20,000 points were dropped to traders who participated in the third Variational TradFi trading competition.
• Variational co-founder @ User did a livestream with Castle Labs to answer questions about the RFQ model, and how Variational is uniquely suited to bring TradFi liquidity on-chain.
• Variational co-founder @ User was interviewed by Wu Blockchain about how swaps will differ from perps.
Metrics
• Key Metrics
◦ Total Volume Traded: $289.12B
◦ Current Dual-Sided OI: $1.42B
◦ TVL (Excludes OLP Hedging Accounts): $163.02M
◦ Total Markets Currently Listed: 534
• Rewards Metrics
◦ Total Rewards Claimed: $7,750,040
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $3,190,844
• User Metrics
◦ Daily Active Users (avg. over past week): 10,005
◦ Weekly Active Users: 16,206
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $2,768,210
◦ 2w Market Making Costs (Cost of Revenue): ($1,393,457)
◦ 2w Net Revenue: $1,374,753
◦ 2w Rewards: ($135,371)
◦ Referral Rewards: ($135,371)
◦ 2w Net Profit: $1,239,387
◦ Protocol Treasury: $553,642
◦ OLP PnL: $685,745
◦ Lifetime OLP PnL: $16,728,521
◦ Current Protocol Treasury Holdings: 5,702,102 USDC
We appreciate your continued trust and support @ everyone!
