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