Welcome back to the Variational biweekly update! PRODUCT ➡️ The most recent mainnet release was v0.17.4. ➡️ Enabled Phase 1 listings of equities and commodities. ➡️ Added mobile QR sign-in. METRICS ➡️ Total Volume Traded: $244.2B ➡️ Current Dual-Sided OI: $858.6M ➡️ TVL (Excludes OLP Hedging Accounts): $137.8M ➡️ Total Markets Currently Listed: 478 ➡️ Total Rewards Claimed: $7,238,105 ➡️ Total Losses Refunded (Sunset): $4,559,196 ➡️ Total Referral Rewards Claimed: $2,678,909 ➡️ Daily Active Users (avg. over past week): 10,858 ➡️ Weekly Active Users: 19,456 ➡️ 2w Spreads Paid (Gross Revenue): $4,332,160 ➡️ 2w Market Making Costs (Cost of Revenue): ($2,156,274) ➡️ 2w Net Revenue: $2,175,886 ➡️ 2w Rewards: ($209,668) ➡️ Referral Rewards: ($209,668) ➡️ 2w Net Profit: $1,966,218 ➡️ Protocol Treasury: $866,432 ➡️ OLP PnL: $1,099,786 ➡️ Lifetime OLP PnL: $14,494,830 ➡️ Current Protocol Treasury Holdings: 3,400,937 USDC Thank you for your continued trust and support!

I dont get how people dont see this as a $10 billion dollar project. Crypto has gotten super pussy. $hype is 60 billion dollars..... and it should be 200 billion. I remember when every new TGE produced 10-40 billion FDVs. Every single shithole $eth L2 as an example

"I sold 10% of my HYPE here at $73" It was a risk but good to have some ammunition ready to bid here soon Short term $HYPE isn't looking the best so will start to average in here soon If we lose $52.5 support, $46 looks very tempting for bidding

$HYPE Uh-oh

A profitable 24h Recap: I made some good profits shorting $ZEC - it's been ranging super well, been good to trade (longs and shorts over last 3 days) My Spot Holdings = 99% $HYPE. I sold 10% at $73, opened some 3X long limit orders, and a couple stink bids incase another 10/10 (I've been holding since the Airdrop, so it's win-win: either it dips and I increase my bags, or it rallies and I've secured some profit and my spot position grows in value) I trimmed $KNTQ from 2% → 1% of Portfolio. Made some nice profits, will look to DCA lower IF we get the chance Currently I've got no trades open, I'm watching BTC closely, and alts look weak in comparison. Maybe waiting for a more established range to trade will be the best idea. Chasing even more profits is super tempting, but I think it's unnecessary risk right now - I'm doing all of my trading on @variational_io right now. The trading experience is smooth, platform is zero-fee (there is slippage, but just adjust your tolerance) and most importantly we are earning airdrop points right now too Variational will likely be the best airdrop of 2026, so we might as well trade there Even starting now, if your a serious trader you can probably earn 6 figures on TGE (expected ~October) if the market conditions are good at launch. Point estimation: $10/point - bear case $20-30 - base case $50 - good scenario $100 is great (and possible) Lighters recent strength shows that highly profitable tokens are desirable to own, and a good $HYPE beta Variational is Hyperliquid-adjacent, it's not a competitor. Both can, and probably will, win over the next year or two I have some invite codes left for access to Variational if anyone wants (you also get a points boost) : omni.variational.io/?ref=OMN… - I hope you guys didn't get rekt on the recent dip, if you did don't revenge trade! More opportunities will present themselves 💪

If you’re “pre-depositing” your money on a brand new protocol just to farm points after everything that’s happened in “DeFi” lately I don’t even have any words for you. At least wait until the thing is live and you have a chance to trade with your money.