@izebel_eth I mean the Variational Points campaign has been running for longer than Extended
and both announced their deadline a long time ago and are still on track
@extendedapp x @rf_extended
"This month is an important one for Extended. It will conclude the team's efforts over the past 6 months and mark the beginning of the next phase: further decentralisation, ecosystem expansion and the transition to a community-owned protocol."
New partner widget coming to Shard: @Radion_trade.
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I mean the FTX connection are probably a good thing but overall I don’t find any bull point for this perp
>Not much feature and quite slow to ship new updates
>High fees
>Solana native (a bad thing most of the TVL is on EVM)
>Poor UI/UX
>No moat / PFM / Killer feature
>Very poor metrics and inverse growth for months
>When you check the current TVL, the overall volume and fees you can clearly see that most of the volume come from the team (cf : https://t.co/GV1Sc3YLnj)
Imo there is better out there, I even rather choose Ostium instead
Insane wash trade on Pacifita perp dex if we convert all fees generate by volume with the best tier :
147B$ volume
+50% maker | 73,5 x 0.00%-> 0$ fees
+50% taker | 73,5 x 0.0028% -> 20,6M$ fees
-MM rebates -> 10% of 20,6M$ = 2,06M$
We have 18,54M$ fees generated for the protocol / team on a 30M$ TVL ? A good chonk on the volume is probably done by the team
Imo pacifita will be EdgeX without crime better to avoid it.
➡️ 2w Net Profit: $863,111
📷 Protocol Treasury: $448,608
So @variational_io made exactly 863k in profit with 448k for the treasury while @Lighter_xyz made 1M in net revenue with 100% toward buyback in the same period (2 weeks)
The revenue are lower than Lighter by far ?
I understand that Var is bullish but why spreading bullshit that can be verified in 2 minutes ☹️
Also we all know that metrics pre TGE are mostly not organic and curious to know why no one mention the most annoying metric : the TVL / OI ratio, in this case Var have by miles the worst and I hope it will change quickly
(Bull on Var btw but I like the truth)
🍷Just tested polymarket perp 📊
The UI/UX is great for average users: smooth to use, with no need to sign every transaction thanks to a dedicated POLY balance for perps.
Now we wait for PMF: limit orders triggered by a specific Polymarket bet price.
The future of perps x prediction markets.
@tombodelpip Forgot to mention that in this video he didn’t even know how to use the most user friendly wallet which is the flagship wallet of his Solana ecosystem 😭
@sayinshallah Next step will be top tier team building a compliant KYCed perp dex on top of Hyperliquid. In few years many users will use Hyperliquid infra without knowing it
@JustinCBram@variational_io We don’t pay spread on maker order on most of the CLOB perp, however we pay it on Variational so in this case what’s the difference between paying 0.01% of spread or fees 🤔
@salmanso_ What you’re really saying is that the only thing preventing Polymarket from completely overtaking Kalshi is the complexity of US regulation that doesn’t allow them to be fully deployed yet in the USA, apart from that, you have nothing and that won’t last 🤔
https://t.co/7toEb1K1XU Revenus are fully disclosed
No atm liquidity is not very great considering the spread you need to pay and it was the same thing 10 months ago
And fdv don't matter we need a high % of airdrop WITH 1B FDV. 1B is easy to achieve with 10% airdrop but not the same with 30%