New announcement from 0xmgb in Discord:
We're now live on Twitter with Variational co-founders @ mr_plumpkin and @ User: https://x.com/i/spaces/1lKQRvvErwzGE
@ here
We're now live on Twitter with Variational co-founders @ mr_plumpkin and @ User: https://x.com/i/spaces/1lKQRvvErwzGE
@ here
New announcement from 0xmgb in Discord:
We discovered some cases (specifically relating to XAUT) that our previous batch of refunds did not properly account for.
We have sent a second batch of refunds, amounting to 83,610 USDC across 748 addresses. Note that these refunds are sent to users' wallets on Arbitrum One, not to their portfolio balances.
We are continuing to individually investigate certain edge cases to ensure refunds are fairly compensating all user losses. We appreciate the patience while we're performing these individual reviews.
Users with outstanding questions or concerns about refund values should message in their support ticket.
@ here
We discovered some cases (specifically relating to XAUT) that our previous batch of refunds did not properly account for.
We have sent a second batch of refunds, amounting to 83,610 USDC across 748 addresses. Note that these refunds are sent to users' wallets on Arbitrum One, not to their portfolio balances.
We are continuing to individually investigate certain edge cases to ensure refunds are fairly compensating all user losses. We appreciate the patience while we're performing these individual reviews.
Users with outstanding questions or concerns about refund values should message in their support ticket.
@ here
❤2
New announcement from 0xmgb in Discord:
For week 11 of the Omni points program, 150,000 points were distributed across 23,010 accounts.
X Post
@ here
For week 11 of the Omni points program, 150,000 points were distributed across 23,010 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 11 of the Omni points program, 150,000 points were distributed across 23,010 accounts.
New announcement from 0xmgb in Discord:
Slippage limits now apply to TP/SL/trigger orders. These orders will now not process if their estimated slippage exceeds the defined slippage limit.
Please note that when submitting a parent market order with child TP/SL orders, all of the bundled orders will have the same slippage limit applied. If you wish to submit market orders and TP/SL orders with different slippage limits, you should use the “Pro” TP/SL order types.
See docs for details.
@ here
Slippage limits now apply to TP/SL/trigger orders. These orders will now not process if their estimated slippage exceeds the defined slippage limit.
Please note that when submitting a parent market order with child TP/SL orders, all of the bundled orders will have the same slippage limit applied. If you wish to submit market orders and TP/SL orders with different slippage limits, you should use the “Pro” TP/SL order types.
See docs for details.
@ here
docs.variational.io
Take Profit and Stop Loss | Variational Docs
❤2
New announcement from 0xmgb in Discord:
For week 12 of the Omni points program, 150,000 points were distributed across 22,469 accounts.
X Post
@ here
For week 12 of the Omni points program, 150,000 points were distributed across 22,469 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 12 of the Omni points program, 150,000 points were distributed across 22,469 accounts.
New announcement from 0xmgb in Discord:
For week 13 of the Omni points program, 150,000 points were distributed across 23,335 accounts.
X Post
@ here
For week 13 of the Omni points program, 150,000 points were distributed across 23,335 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 13 of the Omni points program, 150,000 points were distributed across 23,335 accounts.
❤1
New announcement from 0xmgb in Discord:
Today, we rolled OLP's new spread model out to $HYPE.
Enjoy tighter spreads and cheaper execution across all order sizes.
@ here
Today, we rolled OLP's new spread model out to $HYPE.
Enjoy tighter spreads and cheaper execution across all order sizes.
@ here
New announcement from 0xmgb in Discord:
Our bug bounty program is now live in collaboration with ImmuneFi! This program will be paired with regular audits to continue protecting the integrity of the Variational Protocol.
Read more in the new bug bounties page of the docs.
X Post
@ here
Our bug bounty program is now live in collaboration with ImmuneFi! This program will be paired with regular audits to continue protecting the integrity of the Variational Protocol.
Read more in the new bug bounties page of the docs.
X Post
@ here
Immunefi
Crypto & Smart Contract Bug Bounty Platform | Immunefi
Crypto and smart contract bug bounty programs. Immunefi has paid $140M+ across 650+ protocols, more than the rest of the market combined.
👍3
New announcement from 0xmgb in Discord:
For week 14 of the Omni points program, 150,000 points were distributed across 23,640 accounts.
X Post
@ here
For week 14 of the Omni points program, 150,000 points were distributed across 23,640 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 14 of the Omni points program, 150,000 points were distributed across 23,640 accounts.
❤2
New announcement from 0xmgb in Discord:
Welcome back to the Variational biweekly update!
Product
• There was no major mainnet release in the past two weeks. The next mainnet release, v0.12.1, is scheduled for release on March 24th at 21:45 UTC.
Community
• Points distributions 13 and 14 have been completed.
• Omni is now listed as an exchange on CoinGecko.
• The Variational bug bounty program is now live, powered by ImmuneFi.
• Omni has crossed $2 million in referral rewards paid out on-chain.
Metrics
• Key Metrics
◦ Total Volume Traded: $189.27B
◦ Current Dual-Sided OI: $746.87M
◦ TVL (Excludes Some OLP Hedging Accounts): $111.90M
◦ Total Tokens Currently Listed:
• Rewards Metrics
◦ Total Rewards Claimed: $6,653,401
◦ Total Losses Refunded: $4,559,196
◦ Total Referral Rewards Claimed: $2,094,205
• User Metrics
◦ Daily Active Users (avg. over past week): 11,352
◦ Weekly Active Users: 19,381
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,763,330
◦ 2w Market Making Costs (Cost of Revenue): ($755,767)
◦ 2w Net Revenue: $1,007,563
◦ 2w Rewards: ($262,014)
◦ Loss Refunds: ($176,333)
◦ Referral Rewards: ($85,681)
◦ 2w Net Profit: $745,549
◦ Protocol Treasury: $176,333
◦ OLP PnL: $569,216
◦ Lifetime OLP PnL: $12,098,813
As always, thank you for your continued support @ everyone!
Welcome back to the Variational biweekly update!
Product
• There was no major mainnet release in the past two weeks. The next mainnet release, v0.12.1, is scheduled for release on March 24th at 21:45 UTC.
Community
• Points distributions 13 and 14 have been completed.
• Omni is now listed as an exchange on CoinGecko.
• The Variational bug bounty program is now live, powered by ImmuneFi.
• Omni has crossed $2 million in referral rewards paid out on-chain.
Metrics
• Key Metrics
◦ Total Volume Traded: $189.27B
◦ Current Dual-Sided OI: $746.87M
◦ TVL (Excludes Some OLP Hedging Accounts): $111.90M
◦ Total Tokens Currently Listed:
• Rewards Metrics
◦ Total Rewards Claimed: $6,653,401
◦ Total Losses Refunded: $4,559,196
◦ Total Referral Rewards Claimed: $2,094,205
• User Metrics
◦ Daily Active Users (avg. over past week): 11,352
◦ Weekly Active Users: 19,381
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,763,330
◦ 2w Market Making Costs (Cost of Revenue): ($755,767)
◦ 2w Net Revenue: $1,007,563
◦ 2w Rewards: ($262,014)
◦ Loss Refunds: ($176,333)
◦ Referral Rewards: ($85,681)
◦ 2w Net Profit: $745,549
◦ Protocol Treasury: $176,333
◦ OLP PnL: $569,216
◦ Lifetime OLP PnL: $12,098,813
As always, thank you for your continued support @ everyone!
X (formerly Twitter)
Variational (@variational_io) on X
For week 13 of the Omni points program, 150,000 points were distributed across 23,335 accounts.
❤3👍2
New announcement from 0xmgb in Discord:
As part of today’s release, we are sunsetting loss refunds. All revenue previously directed to loss refunds will now be directed to the protocol treasury, doubling the percentage of revenue contributed to the treasury.
We’re moving toward proactive rewards (like spread rebates) that benefit users on every trade, regardless of the outcome. This ensures that rewards are more consistent, Sybil-resistant, and accessible to traders of all sizes.
We will continue to both add new reward mechanisms and direct a larger portion of revenue to the treasury over time, with the ongoing goal of making Variational the most rewarding place to trade.
Thanks for your continued support!
@ everyone
As part of today’s release, we are sunsetting loss refunds. All revenue previously directed to loss refunds will now be directed to the protocol treasury, doubling the percentage of revenue contributed to the treasury.
We’re moving toward proactive rewards (like spread rebates) that benefit users on every trade, regardless of the outcome. This ensures that rewards are more consistent, Sybil-resistant, and accessible to traders of all sizes.
We will continue to both add new reward mechanisms and direct a larger portion of revenue to the treasury over time, with the ongoing goal of making Variational the most rewarding place to trade.
Thanks for your continued support!
@ everyone
❤5🥰1
New announcement from 0xmgb in Discord:
For week 15 of the Omni points program, 150,000 points were distributed across 24,988 accounts.
@ here
For week 15 of the Omni points program, 150,000 points were distributed across 24,988 accounts.
@ here
❤6
New announcement from 0xmgb in Discord:
For week 16 of the Omni points program, 150,000 points were distributed across 24,106 accounts.
X Post
@ here
For week 16 of the Omni points program, 150,000 points were distributed across 24,106 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 16 of the Omni points program, 150,000 points were distributed across 24,106 accounts.
❤3
New announcement from 0xmgb in Discord:
Welcome back to another Variational biweekly update!
Product
• The most recent mainnet release was v0.12.1 and v0.13.5.
◦ Added CSV downloads.
◦ Sunset loss refunds.
◦ Added reverse position button.
◦ Added new leaderboard for trading competitions.
Community
• Points distributions 15 and 16 have been completed.
• The first Omni trading competition begins today!
• The amount of revenue directed to the Variational treasury was immediately doubled after the sunsetting of loss refunds.
• Omni is now consistently the cheapest place to trade $HYPE perps for orders under $500k.
• Arbitrum highlighted Variational on their YouTube channel.
• The Variational team has grown from 13 -> 21 in the past two months.
Metrics
• Key Metrics
◦ Total Volume Traded: $197.28B
◦ Current Dual-Sided OI: $637.77M
◦ TVL (Excludes Some OLP Hedging Accounts): $108.52M
◦ Total Tokens Currently Listed: 462
• Rewards Metrics
◦ Total Rewards Claimed: $6,728,461
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,169,265
• User Metrics
◦ Daily Active Users (avg. over past week): 10,243
◦ Weekly Active Users: 16,902
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,556,120
◦ 2w Market Making Costs (Cost of Revenue): ($717,916)
◦ 2w Net Revenue: $838,204
◦ 2w Rewards: ($122,261)
◦ Loss Refunds (Sunset): ($47,134)
◦ Referral Rewards: ($75,127)
◦ 2w Net Profit: $715,943
◦ Protocol Treasury: $263,048
◦ OLP PnL: $452,895
◦ Lifetime OLP PnL: $12,551,708
As always, we appreciate your trust and support @ everyone!
Welcome back to another Variational biweekly update!
Product
• The most recent mainnet release was v0.12.1 and v0.13.5.
◦ Added CSV downloads.
◦ Sunset loss refunds.
◦ Added reverse position button.
◦ Added new leaderboard for trading competitions.
Community
• Points distributions 15 and 16 have been completed.
• The first Omni trading competition begins today!
• The amount of revenue directed to the Variational treasury was immediately doubled after the sunsetting of loss refunds.
• Omni is now consistently the cheapest place to trade $HYPE perps for orders under $500k.
• Arbitrum highlighted Variational on their YouTube channel.
• The Variational team has grown from 13 -> 21 in the past two months.
Metrics
• Key Metrics
◦ Total Volume Traded: $197.28B
◦ Current Dual-Sided OI: $637.77M
◦ TVL (Excludes Some OLP Hedging Accounts): $108.52M
◦ Total Tokens Currently Listed: 462
• Rewards Metrics
◦ Total Rewards Claimed: $6,728,461
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,169,265
• User Metrics
◦ Daily Active Users (avg. over past week): 10,243
◦ Weekly Active Users: 16,902
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,556,120
◦ 2w Market Making Costs (Cost of Revenue): ($717,916)
◦ 2w Net Revenue: $838,204
◦ 2w Rewards: ($122,261)
◦ Loss Refunds (Sunset): ($47,134)
◦ Referral Rewards: ($75,127)
◦ 2w Net Profit: $715,943
◦ Protocol Treasury: $263,048
◦ OLP PnL: $452,895
◦ Lifetime OLP PnL: $12,551,708
As always, we appreciate your trust and support @ everyone!
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
❤3👍3
New announcement from 0xmgb in Discord:
For week 17 of the Omni points program, 150,000 points were distributed across 23,403 accounts.
X Post
@ here
For week 17 of the Omni points program, 150,000 points were distributed across 23,403 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 17 of the Omni points program, 150,000 points were distributed across 23,403 accounts.
❤2
New announcement from 333cas333 in Discord:
For week 18 of the Omni points program, 150,000 points were distributed across 22,173 accounts.
@ here
For week 18 of the Omni points program, 150,000 points were distributed across 22,173 accounts.
@ here
❤2
New announcement from 0xmgb in Discord:
Welcome back to our Variational biweekly update!
Product
• The most recent mainnet release was v0.13.5.
◦ Added reverse position button.
◦ Launched trading competition #1.
◦ Miscellaneous improvements to CSV exports.
Community
• Points distributions 17 and 18 have been completed.
• The first Omni trading competition is only hours away from ending! We have another one planned to begin shortly after.
• A small meetup was hosted with Korea-based Variational traders. Variational co-founder Lucas attended to speak to attendees.
• Variational has the most markets listed of all on-chain trading platforms.
• Variational co-founder @ mr_plumpkin shared an example of how trading through a broker model like Omni can protect traders.
• Omni has officially crossed $200B in lifetime trading volume.
Metrics
• Key Metrics
◦ Total Volume Traded: $204.20B
◦ Current Dual-Sided OI: $733.95M
◦ TVL (Excludes Some OLP Hedging Accounts): $113.67M
◦ Total Tokens Currently Listed: 459
• Rewards Metrics
◦ Total Rewards Claimed: $6,799,825
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,240,629
• User Metrics
◦ Daily Active Users (avg. over past week): 8,259
◦ Weekly Active Users: 15,013
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,563,380
◦ 2w Market Making Costs (Cost of Revenue): ($966,025)
◦ 2w Net Revenue: $597,355
◦ 2w Rewards: ($75,856)
◦ Referral Rewards: ($75,856)
◦ 2w Net Profit: $521,499
◦ Protocol Treasury: $312,676
◦ OLP PnL: $208,823
◦ Lifetime OLP PnL: $12,760,531
As always, thank you for your trust and support @ everyone!
Welcome back to our Variational biweekly update!
Product
• The most recent mainnet release was v0.13.5.
◦ Added reverse position button.
◦ Launched trading competition #1.
◦ Miscellaneous improvements to CSV exports.
Community
• Points distributions 17 and 18 have been completed.
• The first Omni trading competition is only hours away from ending! We have another one planned to begin shortly after.
• A small meetup was hosted with Korea-based Variational traders. Variational co-founder Lucas attended to speak to attendees.
• Variational has the most markets listed of all on-chain trading platforms.
• Variational co-founder @ mr_plumpkin shared an example of how trading through a broker model like Omni can protect traders.
• Omni has officially crossed $200B in lifetime trading volume.
Metrics
• Key Metrics
◦ Total Volume Traded: $204.20B
◦ Current Dual-Sided OI: $733.95M
◦ TVL (Excludes Some OLP Hedging Accounts): $113.67M
◦ Total Tokens Currently Listed: 459
• Rewards Metrics
◦ Total Rewards Claimed: $6,799,825
◦ Total Losses Refunded (Sunset): $4,559,196
◦ Total Referral Rewards Claimed: $2,240,629
• User Metrics
◦ Daily Active Users (avg. over past week): 8,259
◦ Weekly Active Users: 15,013
• Revenue Metrics
◦ 2w Spreads Paid (Gross Revenue): $1,563,380
◦ 2w Market Making Costs (Cost of Revenue): ($966,025)
◦ 2w Net Revenue: $597,355
◦ 2w Rewards: ($75,856)
◦ Referral Rewards: ($75,856)
◦ 2w Net Profit: $521,499
◦ Protocol Treasury: $312,676
◦ OLP PnL: $208,823
◦ Lifetime OLP PnL: $12,760,531
As always, thank you for your trust and support @ everyone!
Discord
Discord - Group Chat That’s All Fun & Games
Discord is great for playing games and chilling with friends, or even building a worldwide community. Customize your own space to talk, play, and hang out.
❤2
New announcement from 0xmgb in Discord:
As a thanks for participating in our first trading competition, an extra 20k points have been distributed across all competition participants proportional to their volume during the competition.
You can now see these points in a special “Competition 1” row of your points page.
Stay tuned for the second Omni trading competition starting this week! Details to be shared shortly.
X Post
@ here
As a thanks for participating in our first trading competition, an extra 20k points have been distributed across all competition participants proportional to their volume during the competition.
You can now see these points in a special “Competition 1” row of your points page.
Stay tuned for the second Omni trading competition starting this week! Details to be shared shortly.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
As a thanks for participating in our first trading competition, an extra 20k points have been distributed across all competition participants proportional to their volume during the competition.
You can now see these points in a special “Competition 1” row…
You can now see these points in a special “Competition 1” row…
❤6
New announcement from 0xmgb in Discord:
Today, CoinGecko published a case study on how the automated listing engine used by Omni to support over 450 listings utilizes its API.
Check it out on X: https://x.com/variational_io/status/2046625553818792023
@ here
Today, CoinGecko published a case study on how the automated listing engine used by Omni to support over 450 listings utilizes its API.
Check it out on X: https://x.com/variational_io/status/2046625553818792023
@ here
X (formerly Twitter)
Variational (@variational_io) on X
Omni lists hundreds of markets via an automated listing engine, powered in part by the @CoinGecko API.
❤2
New announcement from 0xmgb in Discord:
We’re hosting a second trading competition on Omni, with another $20,000 in prizes!
The competition will rank users based on their ROI, PnL, and volume using the competition tab of the leaderboard.
Prizes
ROI Prizes:
• 1st Place: 3,000 USDC + Variational VIP Merch Box
• 2nd Place: 1,500 USDC
• 3rd Place: 800 USDC
• 4th Place: 400 USDC
• 5th Place: 300 USDC
PnL Prizes:
• 1st Place: 3,000 USDC + Variational VIP Merch Box
• 2nd Place: 1,500 USDC
• 3rd Place: 800 USDC
• 4th Place: 400 USDC
• 5th Place: 300 USDC
Volume Prizes:
• 1st Place: 4,000 USDC + Variational VIP Merch Box
• 2nd Place: 2,000 USDC
• 3rd Place: 1,000 USDC
• 4th Place: 600 USDC
• 5th Place: 400 USDC
Timeline
The competition will run from 4/23/26 at 0:00 UTC (in ~1 hour) to 5/7/26 at 00:00 UTC. Prizes will be paid out shortly after the conclusion of the competition.
Rules
To be eligible to rank on the leaderboard, a competitor must have traded 100,000+ USDC in total notional volume during the competition.
Individuals are only eligible to win one prize per competition, and KYC is required to claim prizes.
ROI is defined as the following: ROI = A ÷ B
• A = PnL after the competition starts
• B = Balance at the start of the competition + any deposits made during the competition
Good luck! Read the full details of the competition (including terms & conditions) in the docs: https://docs.variational.io/omni/trading-competition
X Post
@ everyone
We’re hosting a second trading competition on Omni, with another $20,000 in prizes!
The competition will rank users based on their ROI, PnL, and volume using the competition tab of the leaderboard.
Prizes
ROI Prizes:
• 1st Place: 3,000 USDC + Variational VIP Merch Box
• 2nd Place: 1,500 USDC
• 3rd Place: 800 USDC
• 4th Place: 400 USDC
• 5th Place: 300 USDC
PnL Prizes:
• 1st Place: 3,000 USDC + Variational VIP Merch Box
• 2nd Place: 1,500 USDC
• 3rd Place: 800 USDC
• 4th Place: 400 USDC
• 5th Place: 300 USDC
Volume Prizes:
• 1st Place: 4,000 USDC + Variational VIP Merch Box
• 2nd Place: 2,000 USDC
• 3rd Place: 1,000 USDC
• 4th Place: 600 USDC
• 5th Place: 400 USDC
Timeline
The competition will run from 4/23/26 at 0:00 UTC (in ~1 hour) to 5/7/26 at 00:00 UTC. Prizes will be paid out shortly after the conclusion of the competition.
Rules
To be eligible to rank on the leaderboard, a competitor must have traded 100,000+ USDC in total notional volume during the competition.
Individuals are only eligible to win one prize per competition, and KYC is required to claim prizes.
ROI is defined as the following: ROI = A ÷ B
• A = PnL after the competition starts
• B = Balance at the start of the competition + any deposits made during the competition
Good luck! Read the full details of the competition (including terms & conditions) in the docs: https://docs.variational.io/omni/trading-competition
X Post
@ everyone
docs.variational.io
Trading Competition | Variational Docs
🔥4
New announcement from 0xmgb in Discord:
For week 19 of the Omni points program, 150,000 points were distributed across 20,799 accounts.
X Post
@ here
For week 19 of the Omni points program, 150,000 points were distributed across 20,799 accounts.
X Post
@ here
X (formerly Twitter)
Variational (@variational_io) on X
For week 19 of the Omni points program, 150,000 points were distributed across 20,799 accounts.
🔥5