What if @DeribitOfficial, @tradeparadigm, and @HyperliquidX merged into a single permissionless platform?
That’s exactly what @variational_io is building.
A dual-product DeFi derivatives protocol for both retail & institutional users
Let’s unpack why it matters, and why you should care 🧵👇
Meet Variational
A next-gen perp DEX & OTC derivatives protocol on Arbitrum.
Two flagship products:
• Omni: Permissionless perp DEX w/ 0% fees & high leverage
• Pro App: Institutional-grade OTC platform for custom derivatives (like Deribit x Paradigm, but decentralized)
Omni: Retail Perp DEX Reimagined
Built on @arbitrum for fast, low-cost execution.
Key features:
• High leverage
• No order book, uses RFQ quotes
• Segregated escrow pools = isolated liquidation risk
• Native yield vaults (OLP) provide liquidity like HLP/JLP
Risk-Managed Design
Each trade uses a segregated settlement pool, eliminating:
• Cascading liquidations
• Front-running
• Alpha leakage
RFQ system means quotes are private.
OLP hedges externally.
You stay isolated, even when markets move violently.
Loyalty Program + Referrals
Power users get rewarded through:
• Rakebacks (trading volume = passive rewards)
• Tiered levels that boost perks
• Referral codes that offer better spreads + fast-tracked access
Early referral positions are being tracked now 👀
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