KR

Support @variational_io

[KR @0xvarikr]

Variational Summer is here 🌄

A $50M raise and Phase 1 roll-out of RWAs, with zero fees, 50x leverage and the industry-leading liquidity that makes Variational the best place to trade.

Just the beginning.

Viva la Var.

[Variational @variational_io]

We’ve raised $50M led by @dragonflyvc to go all in on RWAs and bring TradFi liquidity on-chain.

Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.

[KR @0xvarikr]

@x256xx @filthy_hl gm

[KR @0xvarikr]

@filthy_hl @x256xx I'm still waiting for the first of your daily gms

[Variational @variational_io]

Variational is the cheapest place on-chain to trade both small ($10k) and large ($1M) orders for every TradFi market with a swap listed.

TradFi liquidity on-chain.

[KR @0xvarikr]

@onchainmonk 🫡

[KR @0xvarikr]

@FineBoy_Larey @JustinCBram @variational_io 💙

[KR @0xvarikr]

@filthy_hl @JustinCBram @variational_io We will be waiting for you 🫡

[hansolar @hansolar21]

Variational Pro Spaces recap w/ @variational_lvs and @andyyy

◾️ OTC derivatives are one of the largest financial markets in the world.
◾️ Variational Pro is going after institutional OTC derivatives, including options, rates, FX, and structured products.
◾️ ~$850T in OTC derivatives notional outstanding vs ~$100B in BTC derivatives OI. Different measures, but gives you an idea of the scale.
◾️ Lucas expects Pro to eventually become a bigger business than Omni.
◾️ Traditional OTC derivatives trading is surprisingly antiquated:
- Calling bank desks for quotes
- Negotiating prices manually
- Sending contracts back and forth
- Managing collateral and counterparty risk
- Manual clearing and settlement processes
◾️ Pro aims to automate this through multi-dealer RFQs, smart contracts, and stablecoin settlement. Think what stablecoins did for payments, but for derivatives.
◾️ Some Pro instruments, including options, could eventually become accessible to retail on Omni.
◾️ Already working with major institutional partners, with large clients expected on Pro soon.

Keyword: TRILLIONS.

[Variational @variational_io]

https://t.co/Ord7L7pEJc

[Variational @variational_io]

Welcome back to the Variational biweekly update!

PRODUCT
➡️ The most recent mainnet release was v0.38.1
➡️ Improvements to portfolio page
➡️ Extended QR-linked mobile session log in timer to 30 days
➡️ Preparations for trading API release
➡️ /v2/stats read API endpoint

METRICS
➡️ Total Volume Traded: $417.92B
➡️ Current Dual-Sided OI: $2.04B
➡️ TVL (Excludes OLP Hedging Accounts): $290.88M
➡️ Total Markets Currently Listed: 575
➡️ Total Rewards Claimed: $8,831,643
➡️ Total Losses Refunded (Sunset): $4,559,196
➡️ Total Referral Rewards Claimed: $4,272,447
➡️ 2w Spreads Paid (Gross Revenue): $6,561,755
➡️ 2w Net Revenue: $3,682,137
➡️ 2w Rewards: ($303,768)
➡️ Referral Rewards: ($303,768)
➡️ 2w Net Profit: $3,378,369
➡️ 2W Protocol Treasury Inflow: $1,312,351
➡️ 2W OLP PnL: $2,066,018
➡️ Lifetime OLP PnL: $23,424,969
➡️ Current Protocol Treasury Holdings: 11,077,933 USDC

Thank you for your continued trust and support!

[KR @0xvarikr]

@variational_lvs Only on Variational

[Max @0xMGB]

Current XAU-SWAP execution costs:

- $10k: 0.05 bps
- $100k: 0.55 bps
- $1m: 1.2 bps
- $5m: 2.2 bps

[lucas.var @variational_lvs]

For most users, execution costs = fees + spread.

Exchange fees and thin on-chain orderbooks can eat into your returns on every trade.

On Variational, zero-fee trading meets TradFi-quality liquidity. Right now a $25K order on US30-SWAP has a total execution cost of 0.0005%.

[lucas.var @variational_lvs]

Variational is now the largest on-chain venue by volume for RWA derivatives (perps and swaps). We're just getting started.

[KR @0xvarikr]

@shadowofintent3 🫡

[Variational @variational_io]

In just over 1 month since launch, swaps OI has overtaken TradFi perps OI on Variational.

Swaps > perps.

[Taiki Maeda @TaikiMaeda2]

@dcfgod @DeriveXYZ In reality I just wanna farm more variational points

[KR @0xvarikr]

Variational TVL hits $300m, up ~45% in the last month

[KR @0xvarikr]

@0xvaidhik Hey, sent you a DM to investigate.

[edward.var @edward_yu_var]

Just wait until tomorrow hehe 😈

[KR @0xvarikr]

@edward_yu_var Only on Variational