I hate that I analyzed bitcoin:native at this level but never paid attention because everyone was screaming bull market
Now I have to suffer and deal with it
Today’s price
$BTC ; 61K
$ETH : 1,620
$HYPE : 59
$SOL : 65
$ZEC : 368
This week’s @variational_io Points are out.
We closed this week with 1,200+ new points, while still maintaining the #2 spot on the leaderboard, bringing our total points to 69,500 points.
Earning points becomes extremely difficult now, but we have cumulatively traded $1.3B+ in volume ad we are not just using Variational for the points but because it is a great platform
Our core strategy:
- Maintaining a healthy Open Interest
- Trading majors and RWA: $BTC, $HYPE, $ZEC, $ETH, $XAU and RWA
- Strong risk management
Goal still remain 100K points before TGE
gVAR.
Anytime someone ask you why you are so bullish on @variational_io, run them through the numbers
@HyperliquidX :
$10B Open interest
$65B FDV
$HYPE = $68
@Aster_DEX :
$1.7B Open Interest
$5B FDV
$ASTER = $0.66
@Lighter_xyz
$700M Open Interest
$1.5B FDV
$LIT = $1.5
@variational_io
$1B Open Interest
Now imagine $VAR’s FDV and Price
gVAR!
I have successfully closed $7M volume on @variational_io
I mostly traded $HYPE $BTC $ETH & $XAU
Remember, Variational raised $ 60M+
You can join VAR from my code:
Code: OMNIR9827ATT
https://t.co/bYO1ihSuuR
How I Evaluate Tokenless Protocols For Airdrop
(NFA 😆)
For someone who has made solid 8Figs across tokenless PerDexs ( $HYPE, $ASTER, $EDGE, $LIT, etc), before I farm a tokenless protocol, I ask these 5 questions, not because I want points, but because I want to identify protocols with huge potential.
Here's my framework:
1. Funding:
Funding doesn't guarantee success but strong backing increases the chances a team can survive bear markets, attract talent, and continue building.
If top VCs are willing to deploy millions, I want to understand why.
2. Users
A protocol without users is just a product demo.
I look for:
- Active traders
- Organic community growth
- Growing volume
- User retention
Real users create real network effects.
3. Product Quality
The easiest way to spot a weak protocol? Use it.
- Is execution smooth?
- Is liquidity good?
- Does the platform solve a real problem?
No amounts of incentives can save a bad product.
4. Revenue
Attention is temporary, Revenue is proof that people find value in what you're building, and the best protocols don't just attract users, they generate economic activity.
5. Market Fit
This is the most important one. Is the protocol entering a market that is actually growing? @HyperliquidX ( $HYPE) benefited from the growth of perpetual trading. Today, I'm paying close attention to protocols combining:
- Perp trading across $BTC, $ETH, Etc.
- RWAs: $XAU, $XAG, $SPCX etc.
- Institutional-grade infrastructure
That's where I see massive opportunity.
This framework is one reason I became heavily convicted on @variational_io early.
- Strong funding.
- Growing users.
- A solid product.
- Increasing activity.
And a clear bet on the future of onchain trading through perpetuals and RWAs.
Most people farm points, Linenmito tries to farm conviction.
Basic Trading Concepts Every Perp Trader Should Know
With perpetual DEXs like @variational_io, @HyperliquidX ( $HYPE), etc. becoming a major part of crypto trading, understanding the fundamentals is no longer optional.
These essential trading concepts will help you trade perp DEXs more effectively
Market Structure
What it is: The way price moves higher highs, higher lows, lower highs, lower lows.
Why it matters: It tells you whether the market is trending or ranging.
Support & Resistance
What it is: Key price zones where buyers or sellers consistently react.
Why it matters: Most reversals and breakouts happen here.
Risk Management
What it is: How much you risk per trade and where you exit if wrong.
Why it matters: Even the best strategies fail without it.
Key takeaway: Protect capital first, profits come later.
Position Sizing
What it is: Adjusting trade size based on risk, not emotions.
Why it matters: Prevents one bad trade from wiping your account.
Risk-to-Reward (R:R)
What it is: Comparing potential profit to potential loss.
Why it matters: You can be wrong often and still win overall.
🔑 Final Thought
Trading isn’t about finding a “secret strategy.” It’s about understanding these fundamentals and executing them consistently. And these concepts will help you manage your positions across your $BTC, $ETH, $SOL. trades
June Projects Update
Here’s a full update on the projects Linenmito is actively interacting with and our current rankings.
Deep Plays
- Variational | @variational_io : Ranked #2 on the points leaderboard with 68K+ points and over $1.3B in trading volume, mostly trading $BTC and RWA
- Hyperliquid | @HyperliquidX : Holding and staking $HYPE
- KastXYZ | @KASTxyz : Currently ranked 16 with 4M+ Points (Using Kast Card and staked $SOL)
- Extended: Ranked #46 with 138K+ Points
Other Plays
@pacifica_fi | Pushing volume there
@risextrade | Actively pushing volume while still in Beta
@DecibelTrade | Pushing volume
@cascade_xyz | Pushing volume
Have a great June
@iampotterjr@neo_officialll@SirDavidBent All your heart desires and even the ones you didn’t know will be accomplished
I pray you prosper and achieve everything you desire
Happy New Month Ski
I want clarity in everything I do and to know which moves to make and which ones to avoid.
I hope to see @neo_officialll achieve more sales in hundreds of millions.
I wish for @SirDavidBent to reach 100K followers.
I pray that my brother @Simeonunity prospers.
I also hope my brother @makerijerry succeeds.
Most importantly, I aspire to be debt-free.
A top Variational Chad @muarmemuar just built a dashboard to track social contributions across the @variational_io ecosystem, and guess what? 👀
Linenmito made the leaderboard as one of the top voices on Variational:
Total Posts: 748 - Rank #8
Post Likes: 4.8K - Rank #7
Total Views: 349K+ - Rank #19
Funny enough, all we did was trade $BTC, $ETH, $HYPE , and RWA assets on Variational while consistently sharing our journey and experience here.
Assuming there will be rewards for top social contributors (Team never said there will be rewards for social contributions though), will you make it to the list?
Check your own stats too and drop your rank below 👇
https://t.co/SIVKxZKe17
Update on Linenmito’s previous @variational_io points model analysis.
Two months ago, our conclusion was simple:
Variational’s core metric is OI.
At the time, our rough estimate was:
- $1M trading volume ≈ 1 point
- $1M OI maintained for 1 week ≈ 52 points
But based on more recent trader data, the model appears to have shifted a bit.
Our current rough estimate is:
- $1M trading volume ≈ 5–6 points
- $1M weekly OI ≈ 50–54 points
(assuming the 15% boost mode is applied)
code: OMNIDAE
So the weight on trading volume appears to have increased by roughly 5x compared to the previous model.
But the core thesis remains unchanged.
OI still appears to be the dominant metric.
Even now, $1M of weekly OI seems to have roughly the same point impact as $8M–$10M of trading volume.
And to us, that makes a lot of sense.
Variational Omni is RFQ-based, with OLP as the counterparty to every trade.
In that structure, sustained OI is not just a number, It represents real balance sheet usage.
Persistent OI consumes:
- OLP risk capacity
- margin capacity
- hedging capacity
- inventory management bandwidth
Volume can be generated through repeated opens and closes but persistent OI is much harder to fake. That is why rewarding OI is not simply rewarding “size.” It rewards the type of usage that actually validates and strengthens the system.
Recently, Variational points reportedly traded OTC at around $20 per point. At that valuation, assuming a delta-neutral setup with around 15x notional OI per deposited capital, the implied APR becomes very interesting:
$10/point → ~42% APR
$20/point → ~84% APR
$30/point → ~126% APR
This is before fees, funding, slippage, liquidation risk, and point valuation risk.
The 15% boost also matters meaningfully.
At $20/point, the same 15x OI setup goes from roughly:
No boost: ~73% APR
15% boost: ~84% APR
So the boost is not just cosmetic, it materially improves the economics of contributing OI to the platform.
Our updated conclusion:
Variational seems to have meaningfully increased the weight on trading volume but OI remains the core metric.
And that is what we like about Variational’s incentive design. They are rewarding the kind of behavior that actually matters for building an institutional-grade venue:
- persistent positioning
- real market depth
- OLP risk usage
- margin / liquidation engine validation
- future OTC, exotic, and RWA-style markets
For us, this is not just about farming points. We are bullish on Variational, and we want to contribute in the way the platform actually needs:
- sustained OI,
- real risk usage, and
- capital-efficient positioning.
If the point system is rewarding that behavior, then the incentive design makes sense. It rewards healthy contribution to the protocol, not just empty activity. And that is why we see this as a bullish signal for Variational’s long-term direction.
This week’s @variational_io Points are out!
We closed the week with 1,450+ new points, while still maintaining the #2 spot on the leaderboard with 68,160 total points.
Cumulatively, we’ve now traded $1.3B+ in volume and we’re still enjoying Variational.
Our core strategy for this week remains simple:
- Trading majors and RWA: $BTC, $HYPE, $ETH, $XAU and RWA
- Strong risk management
- Maintaining healthy open interest
Still aiming for 100K points before TGE
gVAR.
Top DeFi Tools Every On-chain Analyst Should Know
I used these DeFi tools to spot projects before they came to the limelight, spot trends, protocol usage and decide if they are worth interacting with or not. I did that with $ASTER, $LIT, $HYPE, @variational_io, and more.
With the right DeFi tools, you can see alpha early, and make better informed decisions on which to interact with.
Here are top DeFi tools every serious on-chain analyst should know, and exactly what they’re used for 👇
👉 DeFiLlama | @DefiLlama
What it’s for:
- Tracking where money is flowing
- TVL, revenue, fees, and growth across chains and protocols
- Early signals of ecosystem rotation
- Spotting underrated protocols gaining real traction
👉 Dune Analytics | @Dune
What it’s for:
- Custom on-chain intelligence
- Wallet behavior analysis
- Protocol usage trends
- Early user growth before price reacts
👉 Arkham Intelligence | @arkham
What it’s for:
- Wallet & fund tracking
- Smart money movements
- VC, whale, and team activity
- Identifying accumulation phases
👉 DexScreener / DexTools | @dexscreener
What it’s for:
- Real-time market discovery
- New token launches
- Volume and liquidity spikes
- Early momentum before CEX listings
👉 Nansen | @nansen_ai
What it’s for:
- Smart wallet insights
- Tagged wallets and entities
- On-chain conviction tracking
- Narrative validation
👉 Crypto Rank | @CryptoRank_io
What it’s for:
- Fundamentals in DeFi
- Funding, project developments and team activities
- Comparing real value vs speculation
- Aidrops and airdrop activities
💡 Final Thought:
Alpha isn’t luck, It’s information asymmetry. These tools will help you see what’s growing, who’s accumulating, and where attention is heading before the crowd arrives.
The 3 Important Tips for Interacting with Perp-Dexs Airdrops
Cumulatively, I have made 7-figures from airdrops, interacting with Perp-Dexs: $HYPE, $ASTER and $LIT.
And today, I am ranked No2 on the @variational_io Point Leaderboard with over 66K points already with $1.3B+ in volume, and ranked 16 on @BitMEX ALl-Time Notional LB with over 1,300+ $BTC PnL.
Here’s How You Should Really Farm Perp DEX Airdrops the right way:
Most people farm Perp DEX airdrops the wrong way:
- They chase size.
- They over-leverage.
- They force volume in one or two days.
That almost never works. Perp DEX airdrops historically reward behavior, pattern and activities, not JUST size.
Here’s 3 ways you should farm Perp DEX airdrops 👇
1️⃣ Consistency beats One-time volume
Small trades across many days outperform one-off volume spikes. Active days + real fees matter more.
2️⃣ Trade like a real user
- Use market & limit orders,
- Trade multiple pairs.
- Set TP/SL occasionally.
Protocols track usage patterns, not just numbers.
3️⃣ Pay organic fees
- Avoid obvious wash trading.
- Airdrops reward traders who contribute real activity, not bots.
Bonus Tips:
Refer Friends if you can