MBBCrypto.var

crypto will save me

variational will save me

[MBBCrypto.var @MBBCrypto]

@lectrixbt @variational_io replied :)

[MBBCrypto.var @MBBCrypto]

Hey everyone! Trying something new.

We all love @variational_io. At least, I know most of my X network does. I love Variational too.

But when I share how good Variational is, there needs to be a benchmark. This is why I want to start spending some time exploring other emerging perp DEXes, comparing them to Variational, and sharing my analysis with everyone.

It's an opportunity for me to learn more about the space while sharing something I think I do best: analysis.

The plan is to explore different technologies, business models, tokenomics, and competitive advantages, then share my findings with you all.

My current list:
@arcus_xyz
@risextrade
@TxFlow_L1

I'm planning to spend at least a week researching each DEX. I want to go beyond surface-level comparisons and really understand what makes each protocol different, where its competitive edge lies, and whether it has what it takes to succeed long term.

I don't think the perp DEX meta is dead. Far from it.

My biggest bull case for the entire space is the eventual influx of non-crypto-native participants into crypto, similar to what we saw in 2020. I genuinely believe we're still in the early stages of something much bigger.

But that doesn't mean every perp DEX will succeed. As the space gets more competitive, identifying the right players will become increasingly important.

And that's exactly what I want to explore.

If there are other perp DEXes you'd like me to look into, feel free to drop a comment or DM me!

One promise I'll make: I'll keep my analysis as objective as possible without sacrificing my own perspective and insights. I'm not here to blindly promote protocols. I'm here to understand them, challenge my own assumptions, and share what I learn.

Let's see where this goes.

[MBBCrypto.var @MBBCrypto]

@0xBaseee pro definitely isn't priced in

[MBBCrypto.var @MBBCrypto]

@linkmaxxi @variational_io is this another perp dex?

[MBBCrypto.var @MBBCrypto]

Hey guys, it’s been a while!

I want to get back to posting consistently, but between a demanding job and wanting to share something worth reading, it hasn’t been easy. Mindless bullposting just isn’t my style...

How do you guys find that balance?

Anyway, I recently listened to @variational_lvs's discussion about Variational Pro and took some notes.

Pro has always been a bit of a question mark for me. I suspect a lot of Omni users feel the same. We’re less familiar with OTC derivatives, how the market works, and where Variational fits.

But the recent session really cleared things up on the vision that Variational has for Pro:

1. Pro could become bigger than Omni.

I quote Lucas. That’s a big claim, but the opportunity starts to make sense when you look beyond retail perps.

OTC derivatives are a massive market, and parts of the trading process still involve a surprising amount of manual coordination. Think requesting quotes, comparing offers, and managing everything after a trade.

Pro is targeting that friction. Huge TAM untapped by on-chain protocols.

2. Institutions don’t have to reinvent their entire workflow.

One of my biggest questions was how this fits into the legal framework institutions already use.

My takeaway: Variational provides technology that can fit into existing trading relationships and ISDA-based workflows. That seems like a much more practical path to adoption. This means that they're mostly safe from regulatory risk that a lot of crypto protocols have been dealing with, so that eliminates another massive question mark.

3. The product is an automated RFQ platform.

An institution requests a quote for a product it wants to trade. Counterparties respond with offers, and the platform helps coordinate the process.

Smart contracts support the onchain execution and management of those trades.

The appeal is pretty straightforward: make a cumbersome process easier to run. Just like Omni. It turns out Omni was just a stress-test of the RFQ model. They now have proof it works.

4. Stablecoin adoption could be a meaningful tailwind.

As institutions become more comfortable holding and using stablecoins, the step toward using platforms like Pro potentially gets smaller.

The connection between stablecoins and onchain financial infrastructure feels more tangible to me here.

5. Pro is immune from the chicken-and-egg problem.

Institutions want liquidity before joining. Liquidity needs participants.

Variational’s approach is to bring in market makers that can provide liquidity and help demonstrate that the platform is useful.

What stood out was the emphasis on institutions actually wanting the technology. All of a sudden, the chicken-and-egg problem is solved.

6. Why should the community care about Pro?

One potential benefit discussed was opening access to more niche products for retail over time.

I’m curious to see how that translates into actual products and access. Institutional adoption would be interesting on its own, but what it enables for users matters too.

My biggest takeaway: I’d been looking at Variational mostly through Omni. Pro makes the broader ambition much clearer.

Still plenty to prove, but I finally have a better understanding of what they’re building and why it could matter.

Feel free to add if I missed anything, but I'm seriously looking forward to the innovation that is unfolding before us. It's really, really fascinating.

I'll be back with more interesting things I find. Another protocol has been piquing my interest because of how rapidly its been evolving. Doing some thorough research now.

[MBBCrypto.var @MBBCrypto]

@SipaCapital @get_truenorth thanks for running this sipa :)

[MBBCrypto.var @MBBCrypto]

@sukywin goodluck bro

[MBBCrypto.var @MBBCrypto]

@VictorTopDefiG RH lighter is def worth farming rn, it's a safer bet that you can pair with an earlier project

[MBBCrypto.var @MBBCrypto]

@sukywin lets goooooo looking forward to seeing u win

[MBBCrypto.var @MBBCrypto]

@sukywin lets go suky!! congrats man

[MBBCrypto.var @MBBCrypto]

@apurvkaushal @get_truenorth @ProprXYZ sure, sent DM

[MBBCrypto.var @MBBCrypto]

Trade 13 (WIN): Using @get_truenorth to pass an account on @ProprXYZ

Final W/R: 7/13, 53.8%

Got a little lucky with the UNI trade I took earlier, but it ended up being enough to officially pass the account.

Overall, I had a great experience with both Propr and TrueNorth.

Propr:
The interface was extremely smooth, and risk management felt MUCH easier than with traditional prop firms.

The biggest advantage for me was the range of assets available. I genuinely don’t think TrueNorth would’ve been able to develop the same edge if I were limited to something like NQ, ES, BTC, and ETH.

Being able to trade individual stocks, alts, and other assets gave the agent a much wider opportunity set.

I also loved being able to size positions very precisely around my risk appetite. That’s something you simply can’t do as easily with prop firms that force you into standardized futures contracts.

TrueNorth:
I’ve been working with the agent on this account for a little over two weeks, and I could genuinely see it improve over time.

If you’ve used Codex or Claude extensively, you’ll probably understand what I mean: the more context an agent gets from interacting with you, the better it starts to understand what you actually want from it.
TrueNorth felt similar.

By the end of this experiment, I had noticeably more confidence in its setups than I did at the beginning.

I’m now seriously considering giving the agent a small amount of real capital and letting it trade on my behalf.

Overall, this was exactly the type of experiment I enjoy doing. I love testing new protocols and products, and this gave me a chance to see how far both Propr and TrueNorth have come.

Big shoutout to both teams for continuing to ship.

Now I need your help deciding what comes next:

A) Start a fresh $25K Propr account and try to get funded again

B) Dedicate the $5K account entirely to the TrueNorth agent and see how it performs with minimal intervention

I'm leaning towards (B), but which one would you rather see?

[MBBCrypto.var @MBBCrypto]

@0xBaseee you're the man base

[MBBCrypto.var @MBBCrypto]

Cocoa makes me bullish on Variational.

Looks like @variational_io is back on the grind expanding Swaps. Pretty much what I expected after last week's private dinner.

Just this week, they've added:

- CN50
- Cocoa Beans
-VXI (VIX exposure)

But I think the most interesting one here is actually Cocoa. I've been publicly excited to hedge my chocolate chip cookie expenses by shorting cocoa beans, but there's obviously more to this.
At first glance, listing cocoa futures on a crypto trading platform might seem completely random. But Variational seems to be on top of news because I think this listing is news driven.

Cocoa has been moving on renewed concerns around the 2026/27 West African crop with weather conditions, weaker crop development, and potential supply issues in Côte d'Ivoire and Ghana.

In other words, it's a news-driven macro trade.

You can see that Variational's architecture starts to become super powerful.

Omni isn't dependent on building a traditional onchain liquidity pool for every new market. Its RFQ model + vertically integrated market-making infrastructure means that when there is an underlying asset with TradFi liquidity, Variational can potentially turn it into a tradeable Swap incredibly quickly.

Cocoa is a perfect example.

News breaks, a market suddenly becomes relevant, traders want exposure, Variational can list the Swap.

You don't have to wait months for someone to bootstrap liquidity and pray enough traders show up.

This is one of the biggest advantages of the RFQ model that I think people still underestimate.

If a major event happens somewhere in the world and there's a market you suddenly want to trade, there's a good chance Variational can have it on Omni in the blink of an eye.

Crypto, stocks, indices, commodities, volatility and probably a lot more to come.

Swaps are starting to show what Omni was actually built for.

Oh, and China exposure and US exposure on the same platform feels nice too.

[Variational @variational_io]

A swap for Cocoa $COCOA is now live with zero fees, up to 5x leverage, and direct TradFi liquidity.

[MBBCrypto.var @MBBCrypto]

@LekimXBT @get_truenorth thats a goated strategy, ty for the alpha🫡

[MBBCrypto.var @MBBCrypto]

@JustinCBram @variational_io @hansolar21 @sishido1011 @sjtional great meeting you too justin. looking forward to reconnecting with you soon

[MBBCrypto.var @MBBCrypto]

Been a while guys! Settling in for my new consulting job (web 0 i guess? lol) got the best of me and I slacked off, but I'm back to give you guys some insights that I harvested from the @variational_io event.

Shout out to @JustinCBram @hansolar21 @sishido1011 @sjtional for organizing!

Got the chance to speak with the team in person, and there were a few things I thought were worth sharing.

Obviously, some of this is my interpretation of the conversations, not official announcements.

1. Roadmap

Right now, the focus seems to be:
- Expanding/distributing Variational Swaps
- Getting the API infrastructure ready
- Releasing a mobile app

My impression was that Variational Pro may not be the immediate priority before these are completed. I could be wrong here, but that's the takeaway I got from the conversations and the presentation.

2. Probably the most interesting detail of the night: Lucas wasn't there.

For a community-focused event, I was initially surprised because I knew how much emphasis Lucas had on connecting with the community.

Turns out he had to attend an important investor meeting. Emphasis on investor.

Does that mean something bigger is being worked on? Investment, partnership, strategic relationship? No confirmation whatsoever.

But definitely something I'll be watching closely... and I'm excited

3. Those who know, know. The 32% Genesis Distribution is very intentional.

One thing that stood out to me was that 32% wasn't just a random tokenomics number. It was deliberately chosen to send a message about how community-oriented Variational wants to be (bigger number than Hyperliquid!).

As users, it's easy to look at airdrops purely from the perspective of: How much am I getting?

But from the protocol's perspective, tokens are also incredibly valuable capital. Protocols have no obligation to distribute such a massive portion of their network to early users.

Variational chose to.

And when you combine that with the broader tokenomics structure, I think they're setting $VAR up to align the community and the protocol for the long term. Variational rewarded the people who used the product early.

My expectation is that they also want to reward the people who genuinely believe in the network, own $VAR, and stick around after TGE. I choose to believe in the team.

4. Sybil detection is very real.

This was another thing I came away pretty convinced about. They're actively looking at inorganic behavior.

I understand users farm Variational, so this is for them. I would stay VERY far away from:

- Self-referrals
- Artificial volume churn
- Obvious multi-account behavior
- Anything that looks designed purely to exploit the points system

At this stage, risking your entire allocation to squeeze out a few extra points makes zero sense.

Trade naturally. Use the product. Don't get cute.

Overall, the event made me even more confident that Variational isn't thinking about TGE as the finish line.

They're building for what comes after it. Swaps will continue to expand, API will come, mobile traders will flow in, and Pro will take over.

$VAR

[MBBCrypto.var @MBBCrypto]

@Airdrop_Guard @variational_io @JustinCBram @hansolar21 @sishido1011 @sjtional hope you found it helpful airdrop guard :)

[MBBCrypto.var @MBBCrypto]

@sjtional gvar