Nacho retweeted
if this is @variational_io in its infancy, imagine where it will be in 1-3 years
forget about fdv at tge, start thinking much, much bigger
if they manage to bring just a fraction of the tam they're going after, the numbers we're seeing now will look comical in hindsight
forget about fdv at tge, start thinking much, much bigger
if they manage to bring just a fraction of the tam they're going after, the numbers we're seeing now will look comical in hindsight
Variational is the cheapest place on-chain to trade both small ($10k) and large ($1M) orders for every TradFi market with a swap listed.
TradFi liquidity on-chain.
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if this is @variational_io in its infancy, imagine where it will be in 1-3 years
forget about fdv at tge, start thinking much, much bigger
if they manage to bring just a fraction of the tam they're going after, the numbers we're seeing now will look comical in hindsight
forget about fdv at tge, start thinking much, much bigger
if they manage to bring just a fraction of the tam they're going after, the numbers we're seeing now will look comical in hindsight
Variational is the cheapest place on-chain to trade both small ($10k) and large ($1M) orders for every TradFi market with a swap listed.
TradFi liquidity on-chain.
8
2
58
2,436
Nacho retweeted
i get dms from ppl all the time sharing ideas/feedback about @variational_io. figured i'd try to consolidate it into something useful
some examples:
-cross margin on swaps
-twap/scaling orders
-3d, w, m time frames on charts (i know)
-cross margin on swaps
-pnl cards for closed ig
what did i miss?
drop your top 5 in priority order below. brutally honest feedback welcome (this is how stuff gets better)
ty and gvar
some examples:
-cross margin on swaps
-twap/scaling orders
-3d, w, m time frames on charts (i know)
-cross margin on swaps
-pnl cards for closed ig
what did i miss?
drop your top 5 in priority order below. brutally honest feedback welcome (this is how stuff gets better)
ty and gvar
12
3
49
1,896
i get dms from ppl all the time sharing ideas/feedback about @variational_io. figured i'd try to consolidate it into something useful
some examples:
-cross margin on swaps
-twap/scaling orders
-3d, w, m time frames on charts (i know)
-cross margin on swaps
-pnl cards for closed ig
what did i miss?
drop your top 5 in priority order below. brutally honest feedback welcome (this is how stuff gets better)
ty and gvar
some examples:
-cross margin on swaps
-twap/scaling orders
-3d, w, m time frames on charts (i know)
-cross margin on swaps
-pnl cards for closed ig
what did i miss?
drop your top 5 in priority order below. brutally honest feedback welcome (this is how stuff gets better)
ty and gvar
12
3
49
1,896
Nacho retweeted
'We're still just getting started, and in my opinion, pro will end up being the larger business'
@variational_lvs
@variational_lvs
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67
3,823
Nacho retweeted
the tldr is that many key metrics are trending higher or more favourably, with net revenue standing out as being particularly impressive
we'll need to review this after points, but it's undeniably bullish and indicative of strong pmf
i've said this many times, but swaps really and i think ppl are slowly realising this
i don't know what impact the api has but i do expect it to bring more large traders into the fold, or at worst diminish the impact of pure farmers leaving for greener pastures
pro is also on the horizon (don't miss the space w/@variational_lvs & @andyyy today at 12pm utc, link in post below), a product that again has monstrous potential
bottom line, incentives notwithstanding, we have real, data-driven reasons to be extremely bullish on what @variational_io is building and the current trend/direction
gvar
-------------------------------------------
highly recommend you give @0xdefidaniel's article a read in full (devil is in the detail) and give him a follow
we'll need to review this after points, but it's undeniably bullish and indicative of strong pmf
i've said this many times, but swaps really and i think ppl are slowly realising this
i don't know what impact the api has but i do expect it to bring more large traders into the fold, or at worst diminish the impact of pure farmers leaving for greener pastures
pro is also on the horizon (don't miss the space w/@variational_lvs & @andyyy today at 12pm utc, link in post below), a product that again has monstrous potential
bottom line, incentives notwithstanding, we have real, data-driven reasons to be extremely bullish on what @variational_io is building and the current trend/direction
gvar
-------------------------------------------
highly recommend you give @0xdefidaniel's article a read in full (devil is in the detail) and give him a follow
Variational made more profit in 10 weeks
than in the previous 24.
The two warning lights I flagged in August?
Both turned green.
But one number is moving the wrong way
Here’s what changed. ↓ x.com/i/article/2111…
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this came to mind:
'Imagine you're on your deathbed, and standing around your deathbed are the ghosts representing your unfulfilled potential.
The ghost of the ideas you never acted on, the ghost of the talents you didn't use. And they're standing around your bed angry, disappointed, and upset.
They say, 'We came to you because you could have brought us to life. And now we have to go to the grave together.'
(denzel)
tldr
take small steps every day that your future self will congratulate you for and give yourself the gift of self-comparison
'Imagine you're on your deathbed, and standing around your deathbed are the ghosts representing your unfulfilled potential.
The ghost of the ideas you never acted on, the ghost of the talents you didn't use. And they're standing around your bed angry, disappointed, and upset.
They say, 'We came to you because you could have brought us to life. And now we have to go to the grave together.'
(denzel)
tldr
take small steps every day that your future self will congratulate you for and give yourself the gift of self-comparison
fear letting your future self down
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0
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563
'We're still just getting started, and in my opinion, pro will end up being the larger business'
@variational_lvs
@variational_lvs
9
3
67
3,823
the tldr is that many key metrics are trending higher or more favourably, with net revenue standing out as being particularly impressive
we'll need to review this after points, but it's undeniably bullish and indicative of strong pmf
i've said this many times, but swaps really and i think ppl are slowly realising this
i don't know what impact the api has but i do expect it to bring more large traders into the fold, or at worst diminish the impact of pure farmers leaving for greener pastures
pro is also on the horizon (don't miss the space w/@variational_lvs & @andyyy today at 12pm utc, link in post below), a product that again has monstrous potential
bottom line, incentives notwithstanding, we have real, data-driven reasons to be extremely bullish on what @variational_io is building and the current trend/direction
gvar
-------------------------------------------
highly recommend you give @0xdefidaniel's article a read in full (devil is in the detail) and give him a follow
we'll need to review this after points, but it's undeniably bullish and indicative of strong pmf
i've said this many times, but swaps really and i think ppl are slowly realising this
i don't know what impact the api has but i do expect it to bring more large traders into the fold, or at worst diminish the impact of pure farmers leaving for greener pastures
pro is also on the horizon (don't miss the space w/@variational_lvs & @andyyy today at 12pm utc, link in post below), a product that again has monstrous potential
bottom line, incentives notwithstanding, we have real, data-driven reasons to be extremely bullish on what @variational_io is building and the current trend/direction
gvar
-------------------------------------------
highly recommend you give @0xdefidaniel's article a read in full (devil is in the detail) and give him a follow
Variational made more profit in 10 weeks
than in the previous 24.
The two warning lights I flagged in August?
Both turned green.
But one number is moving the wrong way
Here’s what changed. ↓ x.com/i/article/2111…
2
4
41
1,963
Nacho retweeted
I think very few people understand the potential magnitude of VAR.
I'm confident this one will make my all-time ALT trade podium.
I'm confident this one will make my all-time ALT trade podium.
Variational now has 18 different swaps bringing TradFi liquidity on-chain, focused primarily on indices and commodities.
Next up is FX, followed by more exotic commodities and single stocks.
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4,874
Nacho retweeted
2w net revenue since swaps launched:
sep 4: $2,278,641
sep 18: $2,479,527
oct 2: $3,383,789
oct 16: $3,682,137
not bad
sep 4: $2,278,641
sep 18: $2,479,527
oct 2: $3,383,789
oct 16: $3,682,137
not bad
Welcome back to the Variational biweekly update!
PRODUCT
➡️ The most recent mainnet release was v0.38.1
➡️ Improvements to portfolio page
➡️ Extended QR-linked mobile session log in timer to 30 days
➡️ Preparations for trading API release
➡️ /v2/stats read API endpoint
METRICS
$417.92B
➡️ Current Dual-Sided OI: $2.04B
➡️ TVL (Excludes OLP Hedging Accounts): $290.88M
➡️ Total Markets Currently Listed: 575
➡️ Total Rewards Claimed: $8,831,643
➡️ Total Losses Refunded (Sunset): $4,559,196
➡️ Total Referral Rewards Claimed: $4,272,447
➡️ 2w Spreads Paid (Gross Revenue): $6,561,755
➡️ 2w Net Revenue: $3,682,137
➡️ 2w Rewards: ($303,768)
➡️ Referral Rewards: ($303,768)
➡️ 2w Net Profit: $3,378,369
➡️ 2W Protocol Treasury Inflow: $1,312,351
➡️ 2W OLP PnL: $2,066,018
➡️ Lifetime OLP PnL: $23,424,969
➡️ Current Protocol Treasury Holdings: 11,077,933 USDC
Thank you for your continued trust and support!
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Nacho retweeted
friday morning mini @variational_io update:
-team initiated onboarding for its VIP program. top traders/referrers received a notification early this morning with a form to complete, examining interests and preferences. delighted and privileged to be included here
-head of oke with korean news outlet @etodaynews:
'I cannot disclose specific exchange names, but we are meeting with exchanges in Korea to promote Variational and discuss ways to support each other's products.'
link in the post below
-150k points were distributed to 32.3k traders, up from 31.6k last week. no surprise to hear ppl say points continue to get tougher. see @Frajerhejt's breakdown on points feedback below
-the last time i said the api was 'imminent' i was horribly wrong, but this time it's different (right?). the latest update states 'Preparations for trading API release'. @0xsushiroll will be delighted to hear that 'QR-linked sessions remain logged in for 30 days'. another big update coming next friday
-treasury balance crossed $11m, w/$628k added in the last 7d. the trickle of new swaps and perps rwas continues (574 markets total), with swaps being demonstrably cheaper: a $10k position on variational's $xau swap costs just 5c, compared to $9 on trade xyz
that's it for today. been busy working on some stuff behind the scenes lately and taking some time to get outside
remember:
-you're not bullish enough
-keep stacking points
-insanely exciting times ahead
gvar
-team initiated onboarding for its VIP program. top traders/referrers received a notification early this morning with a form to complete, examining interests and preferences. delighted and privileged to be included here
-head of oke with korean news outlet @etodaynews:
'I cannot disclose specific exchange names, but we are meeting with exchanges in Korea to promote Variational and discuss ways to support each other's products.'
link in the post below
-150k points were distributed to 32.3k traders, up from 31.6k last week. no surprise to hear ppl say points continue to get tougher. see @Frajerhejt's breakdown on points feedback below
-the last time i said the api was 'imminent' i was horribly wrong, but this time it's different (right?). the latest update states 'Preparations for trading API release'. @0xsushiroll will be delighted to hear that 'QR-linked sessions remain logged in for 30 days'. another big update coming next friday
-treasury balance crossed $11m, w/$628k added in the last 7d. the trickle of new swaps and perps rwas continues (574 markets total), with swaps being demonstrably cheaper: a $10k position on variational's $xau swap costs just 5c, compared to $9 on trade xyz
that's it for today. been busy working on some stuff behind the scenes lately and taking some time to get outside
remember:
-you're not bullish enough
-keep stacking points
-insanely exciting times ahead
gvar
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2,559