Some personal news: I've joined Variational as head of product. I am now responsible for driving the product’s transition from crypto to RWAs. As a long time crypto builder, this is the first time in a while that I'm waking up genuinely excited about what I’m shipping. Beyond the mission, I’ve been incredibly impressed by the caliber of the team here @variational_io is the universal broker. We aggregate liquidity across all perps so users get the best execution in one place. We've facilitated $200B of volume, with current OI at $650M. The RWA category is already bigger than most people realize. RWA perps are now ~50% of onchain volume and the main driver of growth. We’re partnering with the largest exchanges and market makers in tradfi to bring their liquidity to Variational. This means the same depth as tradfi, the best funding rates in the industry, and a breadth of perp markets that don’t exist anywhere else. I won't frontrun the full announcement but that's where 100% of our time is going if you trade perps in size, specifically rwas, dm me so I can get you the benefits of early access and get your feedback built into the product.

It pays to use Variational

Variational has listed 28 RWA markets in the past ~3 weeks. By tapping into existing liquidity instead of needing to line up new market maker subsidies for each new market, Variational lists RWA markets faster, and can maintain more liquid RWA markets than on-chain CLOBs.

wtf they pay dividends on perps??? 🤯

ask and you shall receive x.com/variational_io/status/…

We're assembling a team... x.com/hansolar21/status/2063…

Markets are becoming software. Variational's Pre-IPO listings bring traditionally private market opportunities into a more programmable financial system. Trade listings from companies like SpaceX, Anthropic, OpenAI and more with @variational_io on Arbitrum now.

To be fair if you think BTC will be the global default store of value owning 4% and climbing is pretty egregious and not sustainable For context Elon at $1T of net worth (with a global combined wealth of $550T) is only 0.18%

rough day for @notthreadguy to take a day off from streaming

The first equity and index perps are now live on Variational, powered by aggregated crypto-native liquidity. Trade $TSLA, $INTC, $SOXL, $US500, and $QQQ with up to 50x leverage and zero fees.

if I put $1000 into bitcoin today and it doubles to $125k i make $1000 yeah lmao nobody is getting rich off this

you know it was the alt top when they started shilling NEAR

two weeks in and 10% of our volume is already rwa volume

"Unlimited prosperity. We are all one in love." Just what you want to hear from your financial platform.

To clarify a few things about @variational_io as i'm seeing a lot of misconceptions about how our model really works: 1) our broker-like model is intended to aggregate available liquidity across multiple venues in the market. This is especially powerful for RWA perps, where we can port liquidity from tradfi sources (dealers, exchanges, etc) and offer execution costs comparable to off-chain traditional venues 2) OLP runs a full market making system. the main takeaway is we can often provide high quality execution which might not be possible on a single venue. OLP does not countertrade users and does hedge on net 3) if we source liquidity from exchange A, usually we would also have venues B and C, letting us aggregate more depth than only on one. but even assuming there is only one venue, we pass on our economy of scale (fee tiers), HFT execution, and ability to internalize some risk. The answer here can be nuanced but I’d expect trading on Variational to be better than being a retail taker on “exchange A” alone, net of fees (remember, we have none)

24/7 programmable markets are just better. Markets run at software speed and are globally accessible. That’s why @JustinCBram is building one of the largest perp markets via @variational_io on the Arbitrum Platform.

btc/qqq is right back at the long-term trendline I’m actually surprised btc has held up this well against the AI trade. Crypto is still above “pre-ai” relative levels, but it’s hard to argue the ecosystem has compounded faster than AI over the last 3 years. Maybe this is the spot to bid and see if the line holds. Don't know, but BTC is still too expensive for me to bid! Still waiting to DCA $30-50k, fine if I miss it. Not enough upside relative to AI if we don't get a deep discount IMO.