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Biweekly Update 12/12/25
PRODUCT
➡️ The most recent mainnet release was 0.6.0.
➡️ Tweaks to loss refund mechanism to counter farming.
➡️ Draggable TP/SL/Limit/Trigger orders on the chart.
➡️ Improvements to order clearing times.
➡️ More frequent checking of trigger conditions for TP/SL/Limit/Trigger orders.
METRICS
➡️ Total Volume Traded: $79,363,450,016
➡️ Current Dual-Sided OI: $351.07M
➡️ Total Trades Placed: 39,050,893
➡️ Total Tokens Currently Listed: 485
➡️ Total Rewards Claimed: $3,706,514
➡️ Total Losses Refunded: $2,550,044
➡️ Total Referral Rewards Claimed: $1,156,470
➡️ Daily Active Users (avg. over past week): 4,403
➡️ Weekly Active Users: 10,280
➡️ 2w Revenue: $717,249
➡️ Revenue Directed to OLP: $349,246
➡️ Revenue Directed to Loss Refund Pool: $221,668 (excluding $100,000 manually deposited)
➡️ Revenue Directed to Referral Rewards Pool: $146,335 (paused for maintenance since 12/5)
➡️ Total OLP PnL: $7,340,181
Our whole team at Variational wishes you a great holiday season!
Users of Omni don't pay any fees, but Omni pays gas fees to @arbitrum.
Variational Protocol contracts have been responsible for over 4% of all gas spending on Arbitrum One over the past 30 days.
Today's mainnet release:
➡️ Tweaked the loss refund mechanism to counter farming.
➡️ Made TP/SL/Limit/Trigger order lines draggable on the chart.
➡️ Removed RPnL column in the positions table.
➡️ Improved order clearing times.
➡️ & more.
See Discord for the full release notes.
Biweekly Update 11/28/25
PRODUCT
➡️ The most recent mainnet releases were v0.3.4 and v0.4.2
➡️ Referral rewards are now live.
➡️ Setting for “privacy mode” that hides $ values.
➡️ Setting to “play sound on order fill.”
➡️ Rate limits have been made more forgiving.
➡️ Each address is now limited to three loss refunds per day.
➡️ Referral code anti-botting mechanism has been adjusted to give users 1 week after signing up to trade.
➡️ UPnL is now shown in both % and $.
➡️ Faster quoting and trigger checking for limit, trigger, and TP/SL orders.
METRICS
➡️ Total Volume Traded: $61,054,525,224
➡️ Current Dual-Sided OI: $387.88M
➡️ Total Trades Placed: 23,439,493
➡️ Total Tokens Currently Listed: 489
➡️ Total Losses Refunded: $2,549,095
➡️ Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.15%
➡️ Daily Active Users (avg. over past week): 5,003
➡️ Weekly Active Users: 12,136
➡️ 2w Revenue: $1,498,692
➡️ Revenue Directed to OLP: $986,035
➡️ Revenue Directed to Loss Refund Pool: $303,886
➡️ Revenue Directed to Referral Rewards Pool: $208,771 (excluding ~$1.1M backfill)
➡️ Total OLP PnL: $6,990,935
Metrics for referral rewards have been added to the Variational @Dune Dashboard.
Omni has now shared over $3M in revenue back with traders (~$2M in loss refunds & ~$1M in referral rewards), all verifiable on-chain on @arbitrum.
Omni has now processed over $2M in loss refunds for losing trades.
➡️ 2%+ of total losses on Omni have been refunded
➡️ 70,000+ unique loss refund transactions
➡️ 6,500+ unique loss refund recipients
➡️ #1 recipient has received $100k+ in refunds
Only on Omni.
Referral rewards are now live on Omni!
Over $1M in retroactive referral rewards have been distributed, and new referral rewards can be claimed from the rewards page at any time going forward.
Biweekly update time ⏰
PRODUCT
➡️ The most recent mainnet release was v0.3.0
➡️ Implemented trigger orders (market orders that submit when mark price crosses set trigger price).
➡️ Fix for referral code botting: if a referral doesn’t trade on Omni within 24h of using the code, they will be removed as a referral.
➡️ Added rate limits.
METRICS
➡️ Total Volume Traded: $44,252,040,160
➡️ Current Dual-Sided OI: $385.35M
➡️ Total Trades Placed: 13,270,043
➡️ Total Tokens Currently Listed: 494
➡️ Total Losses Refunded: $1,955,410
➡️ Percent of Total Platform Losses Refunded (since implementation of loss refunds): 2.3%
➡️ Daily Active Users (avg. over past week): 3,861
➡️ Weekly Active Users: 8,054
➡️ 2w Revenue: $1,044,461
➡️ Revenue Directed to OLP: $636,462
➡️ Revenue Directed to Loss Refund Pool: $407,999
➡️ Total OLP PnL: $6,004,900
Over the past month, over $2.75B of Omni's volume came from "long-tail" markets.
Majors (BTC/ETH/XRP/SOL): ~89% of volume
Alts (BNB/TRX/DOGE/ADA/LINK/HYPE): ~3% of volume
Long-tail (Others): ~8% of volume
Today, Omni has crossed a new milestone of $40B in lifetime trading volume.
$0 ➡️ $1B: ~6 months
$1B ➡️ $40B: ~3 months
Thanks to everyone trading on Omni!
Another release was pushed to mainnet:
➡️ Added trigger orders (that submit a market order when mark price crosses a set trigger price).
➡️ Fix for referral code botting: if a referral doesn’t deposit within 24h of using the code, they will be removed.
➡️ Added rate limits.
Biweekly update (Halloween edition 🎃):
PRODUCT
➡️ The most recent mainnet release was v0.2.5. This was mostly a behind-the-scenes release focusing on scaling the platform to accommodate drastically increased load.
➡️ Added setting to cancel orders without a confirmation popup
➡️ Added a confirmation popup to refcode regeneration
➡️ Scalability improvements to accommodate drastically increased load
➡️ Preparations for referral reward claims
METRICS
➡️ Total Volume Traded: $29,040,357,513
➡️ Current Dual-Sided OI: $370.89M
➡️ Total Trades Placed: 7,114,383
➡️ Total Tokens Currently Listed: 490
➡️ Total Losses Refunded: $1,540,364
➡️ Percent of Total Platform Losses Refunded (since implementation of loss refunds): 3.18%
➡️ Daily Active Users (avg. over past week): 3,725
➡️ Weekly Active Users: 7,751
➡️ 2w Revenue: $3,239,199
➡️ Revenue Directed to OLP: $2,799,036
➡️ Revenue Directed to Loss Refund Pool: $440,163
➡️ Total OLP PnL: $5,368,438