Been a crazy few months—non-stop testing and deploying a mix of mid-frequency algos on Hyperliquid.
Results have been very promising so far, with live PnL closely tracking shadow PnL.
More ideas to test and hopefully deploy
25/25
I'm not telling anyone not to use Variational.
I'm saying: understand what you're trusting.
Understand the market structure.
Understand where discretion exists.
Understand what you can verify — and what you simply have to trust.
Then decide whether you want to give them your flow.
Also a big thank you to @beniduboss for helping with the research.
1/25
To be clear:
This isn’t a thread accusing Variational of any wrongdoing
I have no evidence that they’re doing anything nefarious
But after reading the docs, I noticed that almost nobody is talking about the structural risks associated with the platform
So I’m going to
24/25
Maybe that's the correct trade-off.
Maybe the execution quality justifies it.
Maybe it doesn't.
I don't know.
Neither do you.
And that's my point.