LVS
@variational_lvs
Founder @variational_io building the most rewarding place to trade perps & bringing OTC derivs on-chain
Why we raised more from VCs during an anti-VC meta: It’s no secret that most crypto holders and traders aren’t the biggest fans of venture capital right now. After years of the low-float/high-FDV launch meta extracting from retail, followed by Hyperliquid breaking out as the…
We’re proud to announce that we’ve closed a $1.5M strategic round including @mirana, @caladanxyz, @zokuventures, and a small number of other key partners. To welcome Omni’s next phase of growth on @arbitrum, we’ve now opened the referral program to all users. 1/
Rapidly shipping UX changes in response to user feedback. Big upcoming releases are UIv2 and enabling loss refunds (rewards).
We just pushed another release to mainnet: ➡️ Added auto-resize option that keeps TP/SLs open through partial liquidations or partial closes. ➡️ Added “Trigger” dropdown setting for users to set TP/SLs to trigger based on the quoted price (previous functionality) or mark price…
An excellent thread 🧵 about Omni’s advantages and unique design. Thanks for the shoutout and detailed thoughts @choffstein !
i've been really impressed with the available liquidity at @variational_io. $10mm in BTC @ Hyperliquid was quoting ~2.5bp spread (jumping between 0-20bp) + 4.5bp taker fees. at VariationalOMNI it was 6bp.
We’re generating insane revenue on relatively limited volume (though still proud of our size despite no incentives on private beta). Omni, even with zero fees, is highly sustainable.
We just dropped our biweekly update: OLP PnL is up from $160k → $515k. That’s $350k+ revenue in 2 weeks (with zero trading fees). This makes Omni the second most revenue-generating DeFi protocol on Arbitrum over the past two weeks*, even while only averaging 35m in 24h volume.
Time from $0 -> $500m: ~5 months Time from $500m -> $1b: ~2 weeks Time from $1b -> $100b: 🚀
Omni has officially surpassed $1 billion in total taker volume processed. Time from $0 -> $500m: ~5 months Time from $500m -> $1b: ~2 weeks Arbitrum Everywhere. Variational Everywhere.
Variational is compounding velocity, and it’s only the beginning. They've recently: - Topped $80M in daily volume last week, stacking multiple ATHs in users, open interest, and deposits. - What's remarkable: this is happening pre-incentives, during a closed beta. No points, no…
Our numbers are accelerating. Exponential growth :0
Coinbase's multi-billion dollar bet on derivatives proves it's one of the most important markets in crypto. The mission is to make the Variational protocol the core infrastructure for this future, with apps on top for different use cases: - Omni: The flagship retail app on the…
Last week we hit over $80M in daily volume, and saw multiple record-breaking days in a row for users, OI, deposits, and more. We used to get excited about a $1M-$10M volume day (given that we don't have any incentives and are in closed beta). Now I think we'll only get excited…
This chart from Variational co-founder @mr_plumpkin shows Omni's taker (user) + maker (OLP) volume since the launch of our mainnet private beta earlier this year. Many more big features (v2 UI, loss rakebacks, spread discounts, reward tiers) still to come!
Penguin mode 🐧 The huddle is tight, and so are our spreads.
$55M daily volume now. We're hitting our inflection point earlier than I expected.
Upcoming: - Loss refunds/rewards - UI redesign - Major feature improvements like new order types - Public mainnet - OLP deposits Amazing to see our metrics already start to go exponential despite so much still on our roadmap.
Upcoming: - Loss refunds/rewards - UI redesign - Major feature improvements like new order types - Public mainnet - OLP deposits Amazing to see our metrics already start to go exponential despite so much still on our roadmap.
Omni's 24h volume and open interest just smashed through previous ATHs! 24h volume is currently ~$39m and open interest is ~$6.8m. What trades do you have open on Omni right now? 👀
What are your thoughts on the recent UI changes on Omni? We've got plenty more coming 👀
Our thesis is simple. At the exact same spreads, would you rather: a) Binance/Citadel make all the money b) Split the money between yourself and @variational_io
.@arbitrum everywhere
We now have our very own page on the @arbitrum Ecosystem Portal! We're proud to be building cutting-edge DeFi on Arbitrum. portal.arbitrum.io/?project=varia…
3 weeks, 3 huge deploys. 2-4 more to go. Omni Summer.
We just published our latest biweekly update! PRODUCT: ➡️ The most recent mainnet release was v0.1.42 ➡️ Completely reworked the order entry form ➡️ Added configurable leverage by position ➡️ Can easily preview estimated slippage and set max slippage ➡️ Bid and ask quotes are…
3 huge deploys in a row. This was the biggest, introducing a completely new order entry experience. Many more to go over the next few weeks. Omni Summer.
We just pushed another release to mainnet. ➡️ Complete rework of order entry form ➡️ Configurable leverage by position ➡️ Enabled PnL card shareouts from portfolio page ➡️ Funding rate updates (see docs) Let us know what you think of the new order entry form! 👀
The exponential curve is starting to look juicy. Most of our biggest announcements haven't dropped yet, but adoption is already starting to follow a hockey stick pattern, despite our closed beta with limited invite codes.
Omni has officially processed upwards of half a billion dollars in volume across over 225k trades. $1b next 🔜