contributor | insidor
Onchain
Joined March 2016
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some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
cross-venue funding is cooking again, and rwa pairs are leading the board this morning
best opportunities on my radar:
$SKHYNIX - 388.9% APR | TxFlow → PopDEX
$CBRS - 150.2% APR | Variational → TxFlow
$QCOM - 149.2% APR | Variational → TxFlow
$CRDO - 146.3% APR | Variational → TxFlow
$CRCL - 127.8% APR | PopDEX → TxFlow
$KLAC - 116.5% APR | Variational → TxFlow
$RKLB - 106.1% APR | Variational → TxFlow
the ones catching my eye:
$KLAC is the cleanest setup on the board. 116.5% APR, 91% sustainability, low spread risk and a 14 hour break-even
$RKLB is right behind it. 106.1%, low spread risk and the deepest OI in the list at $48k
$CBRS pays you back fastest, with a 9 hour break-even at 150%
skip $QCOM and $CRDO for now. both have high spread risk, and $CRDO has only $5.2k OI
bonus: any pair with a PopDEX leg also earns you tickets into the megapop lottery. $SKHYNIX and $CRCL both run through PopDEX, so you collect funding and stack tickets on the same capital 🎟️
not every high APR is a good trade. $SKHYNIX at 388.9% is the headline number, but a print that big needs checking before you size into it. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
---------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
headliner: $WTI - 131.8% APR | Variational → PopDEX
92% sustainability, low spread risk, $532k OI and 8 hours to break-even
best opportunities on my radar:
$SOXL - 260.5% APR | PopDEX → TxFlow
$ADA - 25.2% APR | TxFlow → PopDEX
$JTO - 24.5% APR | TxFlow → Variational
$AXS - 24.3% APR | TxFlow → Variational
ethereum:0x1789e0043623282d5dcc7f213d703c6d8bafbb04 - 23.4% APR | TxFlow → Variational
$WIF - 18.4% APR | TxFlow → PopDEX
$APT - 18.2% APR | Variational → PopDEX
the ones catching my eye:
$WTI is the trade of the day. deep OI, low spread risk, and you’re paid back in 8 hours. anything after that is profit
$JTO is the cleanest crypto setup on the board. 24.5% APR, 97% sustainability, $272k OI and a 2.8 day break-even
$APT and $WIF (TxFlow → PopDEX) are the steady ones. 99% and 98% sustainability, with the 30d average holding at 18% and 31%
$SOXL at 260% is the headline number, but a print that big needs checking before you size into it
not every high APR is a good trade. $SPCX shows 21.8% but only 32% sustainability, and its 30d average is negative. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
get in some free volume today, every trade on popdex stacks lottery tickets and up to 200k is up for grabs
------------------------------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
if i were you, here's what i'd do now 👇
pick a fresh wallet, push 100m - 300m volume through US100 swaps on @variational_io, then never touch that wallet for anything else again.
why?
because you never know which perp dex might launch an on-chain trader rewards program in the future.
if that happens, you'll already have a wallet with a serious trading history.
and the best part? you can start building that history now while earning variational points.
my playbook would be to:
→ build volume through swaps (cheapest spread)
→ target swap competitions for extra rewards
→ stack weekly points, bonus points and rebates
→ use my ref so i can send you all the rebates i receive
if the rewards cover your execution costs, you could build that volume at little to no net cost.
what do you end up with?
a wallet with a substantial on-chain trading history that could become useful for future trader incentives.
no guarantees that another dex will reward it, obviously. and don't force $300m volume if the costs don't make sense.
but if you're already farming variational, why not think beyond the current points program?
start early, stay efficient, and position yourself for what comes next, ideally you wanna do this before api release
use my ref: OMNIGIVENO for an 18% points boost
omni.variational.io/?ref=OMN…
i’ve managed to convince some absolute chads to push $1.8B in volume on @variational_io through my ref
$1B in september and $1.8B a few weeks later
wild numbers
and we’re not done, next target: $2B before TGE
32% of $VAR to points holders, fully unlocked at TGE. every bit of volume now counts
i have a feeling we’re about to see some seriously bullish news from variational this week
if you’ve been paying attention, you know why i’m excited
joy is coming
18% boosted ref: OMNIGIVENO | omni.variational.io
giveno retweeted
I want to make this extremely clear, I made a bad tweet implying that early users would get "10x rewards" with the launch of MegaPop.
My intention was to highlight that our previous reward systems top reward was $10K, while MegaPop's reward system could give $100K+ to the top prize.
This was a bad tweet, and a misrepresentation of our reward system. I have both privately & publicly apologized to our users and will not speak on this matter going forward as it was a mistake that I have resolved.
Criticism is always easier to spread than constructive feedback, we are building our platform around our users feedback and will continue to do so. With most feedback being added to our roadmap and us rewarding the user who gave this feedback.
We will grow and improve as both a team and platform. I have been in Web3 for 10+ years and built numerous unicorns. We are the first and only 100% value return platform in our space that is fully built around feedback from our users.
Thank you for building with us, we will grow and improve as both a platform and a team.
Trade. Pop. Repeat.
i’ve managed to convince some absolute chads to push $1.8B in volume on @variational_io through my ref
$1B in september and $1.8B a few weeks later
wild numbers
and we’re not done, next target: $2B before TGE
32% of $VAR to points holders, fully unlocked at TGE. every bit of volume now counts
i have a feeling we’re about to see some seriously bullish news from variational this week
if you’ve been paying attention, you know why i’m excited
joy is coming
18% boosted ref: OMNIGIVENO | omni.variational.io
crossed $1.3B total volume on @variational_io
this milestone belongs to my refs as much as it belongs to me, you understood the fundamentals of variational and the vision of the team early, and i’m proud of every one of you
i don’t just drop a ref link and list reasons to grab a share of the future of finance
i use the product daily
i give feedback to the team
i answer questions and concerns in my dms
i share what i’m actually doing and why
did $1.5B+ referral volume on lighter. wild that i get to run the same playbook again on variational
i personally know people who’ve turned my variational tweets into 4, 5, even 6 figures, just by reading, doing their own research and taking action
tge isn’t the finish line. it’s the starting point
even if you don’t have as many points as you hoped, tge is a chance to build a position for what comes after. nothing’s guaranteed, but i know where i’m positioned
there are still a couple of weeks left to stack points for what i think will be the biggest wealth creation event this year
the vision is bigger than points
the product is bigger than an airdrop
and we’re just getting started
18% boosted ref: OMNIGIVENO | omni.variational.io
giveno retweeted
7 years of training, discipline & consistency. It's time to show the world what I'm capable of.
Here's my entry for #Gamdom100kRound2.
I'm FIJA, and this is just the beginning. Get ready for more action-packed series.
GAMDOM IS THE ENDGAME.
@stevewilldoit | @kingadukes
we’re running # #Gamdom100kRound2 challenge BACK 👊🏿🙏🫡
10 people. $10,000 EACH.
make a 30+ second video promoting gamdom and post it with ##Gamdom100kRound2 .
ends november 5th. i’ll be quoting good videos and giving out A LOT of nibbles along the way. let’s see what you got
#Gamdom100kRound2
Must fight back when kicked down.
giveno retweeted
I realized today I was drained for $9K
Last time I withdrew 7486 USDT from MEXC to MetaMask and it was sent to Aster Treasury after 13 seconds. The remaining 1607 USDC was sent to 0x8650F8B66764b0f1D0feF6075BC7097214895CEd
My wallet: arbiscan.io/address/0x1E655d…
Not sure what to do but posting with a little hope to get some help or anything
Please share as it might help reach the right person
$205k USDT prize pool on @popdex_ and epoch #01 closes in under 14 hours ⏳
here’s the part people are sleeping on:
you don’t need to gamble for it
open a delta neutral position, collect funding on both sides, and every trade earns you pop tickets for the weekly draw
so you’re stacking three things on the same capital:
- funding yield
- volume and OI
- tickets into a $205k pool
only 33,860 tickets in so far. that’s about $6 of prize pool for every ticket. early epochs never stay this uncrowded
this morning $WTI was paying 131.8% APR, Variational → PopDEX, with an 8 hour break-even. that’s what getting paid while you earn tickets looks like
trade weekly. win weekly. hedge always
ref; app.popdex.xyz/referral?refe…
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
headliner: $WTI - 131.8% APR | Variational → PopDEX
92% sustainability, low spread risk, $532k OI and 8 hours to break-even
best opportunities on my radar:
$SOXL - 260.5% APR | PopDEX → TxFlow
$ADA - 25.2% APR | TxFlow → PopDEX
$JTO - 24.5% APR | TxFlow → Variational
$AXS - 24.3% APR | TxFlow → Variational
ethereum:0x1789e0043623282d5dcc7f213d703c6d8bafbb04 - 23.4% APR | TxFlow → Variational
$WIF - 18.4% APR | TxFlow → PopDEX
$APT - 18.2% APR | Variational → PopDEX
the ones catching my eye:
$WTI is the trade of the day. deep OI, low spread risk, and you’re paid back in 8 hours. anything after that is profit
$JTO is the cleanest crypto setup on the board. 24.5% APR, 97% sustainability, $272k OI and a 2.8 day break-even
$APT and $WIF (TxFlow → PopDEX) are the steady ones. 99% and 98% sustainability, with the 30d average holding at 18% and 31%
$SOXL at 260% is the headline number, but a print that big needs checking before you size into it
not every high APR is a good trade. $SPCX shows 21.8% but only 32% sustainability, and its 30d average is negative. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
get in some free volume today, every trade on popdex stacks lottery tickets and up to 200k is up for grabs
------------------------------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
headliner: $WTI - 131.8% APR | Variational → PopDEX
92% sustainability, low spread risk, $532k OI and 8 hours to break-even
best opportunities on my radar:
$SOXL - 260.5% APR | PopDEX → TxFlow
$ADA - 25.2% APR | TxFlow → PopDEX
$JTO - 24.5% APR | TxFlow → Variational
$AXS - 24.3% APR | TxFlow → Variational
ethereum:0x1789e0043623282d5dcc7f213d703c6d8bafbb04 - 23.4% APR | TxFlow → Variational
$WIF - 18.4% APR | TxFlow → PopDEX
$APT - 18.2% APR | Variational → PopDEX
the ones catching my eye:
$WTI is the trade of the day. deep OI, low spread risk, and you’re paid back in 8 hours. anything after that is profit
$JTO is the cleanest crypto setup on the board. 24.5% APR, 97% sustainability, $272k OI and a 2.8 day break-even
$APT and $WIF (TxFlow → PopDEX) are the steady ones. 99% and 98% sustainability, with the 30d average holding at 18% and 31%
$SOXL at 260% is the headline number, but a print that big needs checking before you size into it
not every high APR is a good trade. $SPCX shows 21.8% but only 32% sustainability, and its 30d average is negative. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
get in some free volume today, every trade on popdex stacks lottery tickets and up to 200k is up for grabs
------------------------------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
best opportunities on my radar:
$GRT - 0.0367% spread | Variational → TxFlow
$TRX - 0.0316% spread | Variational → TxFlow
$DOT - 0.0260% spread | Variational → TxFlow
$PEPE - 0.0205% spread | Variational → PopDEX
$NEAR - 0.0198% spread | Variational → PopDEX
$BLUR - 0.0195% spread | TxFlow → Variational
$BAND - 0.0194% spread | TxFlow → Variational
$FLOW - 0.0175% spread | TxFlow → Variational
the ones catching my eye:
$TRX. strong spread with a tight 0.01% bid/ask, so entry is cheap. the cleanest setup on the board
$DOT. 0.026% spread and a 0.09% bid/ask, solid all round
$NEAR. one of the few venue pairs paying both legs, long variational and short popdex, with a tight 0.04% bid/ask
$GRT tops the board, but the 0.17% bid/ask eats into the spread on entry, so it needs time to pay back
i'm taking NEAR and TRX
not every big spread is a good trade. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
tool of the day; arbxyz @arbXYZ_
-------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
gm from Grindelwald (mentally) 🏔️
variational could be my biggest airdrop ever. mid 6 figs if it plays out how i think
when it lands i’m not buying a lambo
i’m getting a lake view, mountain air, slow mornings and no chart open by 7am
no more waking up at 3am to check funding or rebalance hedges on 5 venues. just coffee, a balcony and a phone on do not disturb
months of clicking, hedging and stacking points for one moment
32% of supply to points holders, fully unlocked at TGE. some of us are going to be very comfortable
viva la var
variational @variational_io went from not even top 15 to the #2 perp dex in 9 months
- $19B a week in volume
- cheapest venue onchain to trade both $10k and $1M orders on every tradfi market with a swap
- 2,000+ traders received real stock dividends last week, just for holding long positions
and that’s only omni, the retail side
next is variational pro
right now institutions trade OTC derivatives through telegram chats, lawyers, ISDAs and manual transfers. pro turns that into an onchain RFQ:
- describe the trade
- market makers compete to quote it
- collateral sits in a smart contract, not with the counterparty
- margin, liquidations and settlement handled automatically
pro aims to do for institutional derivatives what dexs did for spot
and the co-founder isn’t thinking small:
“I think Pro will eventually be a much larger business than Omni. And it’s just because in traditional markets, institutional OTC trading is so big.” – lucas @variational_lvs
retail got variational to #2. institutions could take it much further
still pre-TGE: 32% of $VAR supply to points holders and fully unlocked at TGE
traded size on hyperliquid, lighter, aster, ostium or dydx? check onchain trader rewards, you could already have up to 3,000 points waiting 👇
omni.variational.io/trader-r…
18% boosted ref: OMNIGIVENO | omni.variational.io
giveno retweeted
Checked Variational's monthly rank on DefiLlama (22 perp DEXs I track):
Jan #6
Feb #7
Mar #7
Apr #7
May #8
Jun #8
Jul #6
Aug #6
Sep #3
Oct #2
Most of the climb happened in two months. August to October: #6 → #2.
What changed in September?
Use my invite code: OMNISASHA
Get a +12% points boost.
Access: omni.variational.io/?ref=OMN…
#2 by volume, still no token.
variational @variational_io went from not even top 15 to the #2 perp dex in 9 months
- $19B a week in volume
- cheapest venue onchain to trade both $10k and $1M orders on every tradfi market with a swap
- 2,000+ traders received real stock dividends last week, just for holding long positions
and that’s only omni, the retail side
next is variational pro
right now institutions trade OTC derivatives through telegram chats, lawyers, ISDAs and manual transfers. pro turns that into an onchain RFQ:
- describe the trade
- market makers compete to quote it
- collateral sits in a smart contract, not with the counterparty
- margin, liquidations and settlement handled automatically
pro aims to do for institutional derivatives what dexs did for spot
and the co-founder isn’t thinking small:
“I think Pro will eventually be a much larger business than Omni. And it’s just because in traditional markets, institutional OTC trading is so big.” – lucas @variational_lvs
retail got variational to #2. institutions could take it much further
still pre-TGE: 32% of $VAR supply to points holders and fully unlocked at TGE
traded size on hyperliquid, lighter, aster, ostium or dydx? check onchain trader rewards, you could already have up to 3,000 points waiting 👇
omni.variational.io/trader-r…
18% boosted ref: OMNIGIVENO | omni.variational.io
been a while since this update and a lot have changed, some projects have shut down and some like variational has doubled valuations
should i do another points bag update?
my perp dex points portfolio rn
@variational_io - 4,303 pts
@01Exchange - 49,760 pts
@pacifica_fi - 144,000 pts
@extendedapp 34,600 pts
@VestExchange - 187,000 pts
@nadoHQ - 4,012 pts
@sodex_official - 9,700 pts
@etherealdex - 5,229,131 pts
@tradehotstuff - 6,939 pts
@katanaperps - 7,768 pts
@perpltrade - 550 pts (early)
@PhoenixTrade - $3m vol
@risextrade - 1m vol
variational is the highest conviction bag for 2026 and i'm certain it will secure me a 6 figs airdrop... $150/pt is coded
i hold tiny amounts of ostium, grvt and couple of other perps dex points
variational @variational_io went from not even top 15 to the #2 perp dex in 9 months
- $19B a week in volume
- cheapest venue onchain to trade both $10k and $1M orders on every tradfi market with a swap
- 2,000+ traders received real stock dividends last week, just for holding long positions
and that’s only omni, the retail side
next is variational pro
right now institutions trade OTC derivatives through telegram chats, lawyers, ISDAs and manual transfers. pro turns that into an onchain RFQ:
- describe the trade
- market makers compete to quote it
- collateral sits in a smart contract, not with the counterparty
- margin, liquidations and settlement handled automatically
pro aims to do for institutional derivatives what dexs did for spot
and the co-founder isn’t thinking small:
“I think Pro will eventually be a much larger business than Omni. And it’s just because in traditional markets, institutional OTC trading is so big.” – lucas @variational_lvs
retail got variational to #2. institutions could take it much further
still pre-TGE: 32% of $VAR supply to points holders and fully unlocked at TGE
traded size on hyperliquid, lighter, aster, ostium or dydx? check onchain trader rewards, you could already have up to 3,000 points waiting 👇
omni.variational.io/trader-r…
18% boosted ref: OMNIGIVENO | omni.variational.io
i put together a quick salt sheet to model different $VAR FDV scenarios against your points balance.
assuming 11M total points and 32% of the $VAR supply allocated to points, here's what the numbers look like:
→ 50 pts = $800 at $500M FDV
→ 100 pts = $3.2K at $1B FDV
→ 500 pts = $24K at $1.5B FDV
→ 1,000 pts = $64K at $2B FDV
→ 2,000 pts = $192K at $3B FDV
→ 5,000 pts = $800K at $5B FDV
not guaranteed of course but it helps put the upside into perspective.
stack points, stay efficient and keep grinding
18% boosted ref: OMNIGIVENO 👉 omni.variational.io
$13k in funding collected on @PhoenixTrade
+$13,065 funding, $2,057 fees. $11k net
that’s +$2.5k since this post 10 days ago, from the same positions doing the same thing
phoenix is by far the biggest contributor to my funding arc
no directional bets. just structured positions that get paid while i wait
that’s the real unlock. once you learn to structure your positions so funding pays you, perps stop being a gamble and start being yield
and then delayed TGEs, low FDV launches, even shutdowns stop wrecking you. you were getting paid the whole time
2027 is the year of perps
patiently waiting on @extendedapp, @variational_io and @pacifica_fi TGEs so we can cook
and remember, we’re still early on phoenix, the flagship perps venue native to solana
10% off fees: phoenix.trade/?code=GIVENO
18% boosted ref: OMNIGIVENO | omni.variational.io
crossed $10k in funding collected on phoenix @PhoenixTrade
$10k+ in funding, $2k in fees paid. that’s roughly $8k net, from capital that’s just sitting in positions
no directional bets. same strategy every week
and that’s only half of it. i’ve made another $10k from flight club, the daily USDC rewards phoenix pays for activity
that’s almost $20k from phoenix, before any points program or airdrop
here’s my thesis on phoenix 👇
phoenix is one of the few products the solana foundation and the wider solana team have publicly backed. they’re pushing it to compete with hyperliquid and bring perp volume back to solana
and the alignment is real: every trade on phoenix burns $SOL. the more phoenix grows, the better it is for solana
solana has a history of doing some of the best airdrops in crypto
and if you want to compete with hyperliquid, you have to do what hyperliquid did: make your users rich first
phoenix is already doing it. flight club pays real USDC every day, before points even exist
so my bet is simple: when phoenix launches points, it’ll be one of the best programs in the meta. and the best programs lead to the best airdrops
in the meantime, every dollar of funding is going into the variational assistance fund. once $VAR tges, the fund starts buying, a little every day for 5–6 months
funding pays for the fund. flight club paid me to be early. phoenix gets my activity while i wait for points
—————————————————
10% off fees: phoenix.trade/?code=GIVENO
18% boosted ref: OMNIGIVENO | omni.variational.io
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
best opportunities on my radar:
$GRT - 0.0367% spread | Variational → TxFlow
$TRX - 0.0316% spread | Variational → TxFlow
$DOT - 0.0260% spread | Variational → TxFlow
$PEPE - 0.0205% spread | Variational → PopDEX
$NEAR - 0.0198% spread | Variational → PopDEX
$BLUR - 0.0195% spread | TxFlow → Variational
$BAND - 0.0194% spread | TxFlow → Variational
$FLOW - 0.0175% spread | TxFlow → Variational
the ones catching my eye:
$TRX. strong spread with a tight 0.01% bid/ask, so entry is cheap. the cleanest setup on the board
$DOT. 0.026% spread and a 0.09% bid/ask, solid all round
$NEAR. one of the few venue pairs paying both legs, long variational and short popdex, with a tight 0.04% bid/ask
$GRT tops the board, but the 0.17% bid/ask eats into the spread on entry, so it needs time to pay back
i'm taking NEAR and TRX
not every big spread is a good trade. check the entry, liquidity and whether the spread can survive long enough to cover your costs
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
tool of the day; arbxyz @arbXYZ_
-------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
some interesting funding spreads showing up today on @popdex_ @variational_io @TxFlow_L1
cross-venue funding is cooking this morning
best opportunities on my radar:
$SKHYNIX - 110% gap | TxFlow → Popdex (RWA)
$ATOM - 70.11% gap | Variational → TxFlow
$KAITO - 67.45% gap | Popdex → TxFlow
$BAND - 66.82% gap | Variational → TxFlow
$MON - 57.38% gap | Variational → TxFlow
$SOXL - 49.81% gap | TxFlow → Popdex (RWA)
the ones catching my eye:
$SKHYNIX at 110% is the headline but it’s an RWA on a wide negative rate - check liquidity before sizing in. $ATOM and $BAND are cleaner setups, both running Variational vs TxFlow with consistent gaps. on the RWA side, $SOXL, $COIN and $CRCL all showing 40-50% gaps - these tend to hold longer than crypto spreads.
7D gap shows n/a across the board - these are relatively fresh spreads. that means less history to validate, so position size accordingly and watch for rate reversals.
the goal isn’t to chase the biggest number.
it’s to find a durable spread, hedge across venues and let funding work for you.
funding turns into yield when you manage the risk properly.
stacking across 3 venues on the same capital. that’s the edge
-----------------------------------
app.txflow.com/r/TXGIVENO
app.popdex.xyz/referral?refe…
18% boosted ref: OMNIGIVENO | omni.variational.io
wait!
what if extended named its token X TEN $XTEN cos it's gonna do a 10x after tge
what if
what your extended points are actually worth
1B supply is confirmed, so the math is simple: 30% x FDV / 70M points
i think it opens around $280M FDV → $1.20 a point. i wouldn't be surprised if it opens higher
i posted this table months back. the supply confirmation only made the numbers firmer
and just like muar @muarmemuar said, holding perp dex tokens in 2026 is like holding cex tokens back in 2020. the ones that ran had real revenue.
$XTEN has the product to be on the right side of that list.
and $XTEN is just the start. one day we'll see pacifica @pacifica_fi and variational @variational_io tge too.
2027 is shaping up to be the year of perp dex tokens. built for institutions. priced for farmers. claimed for free
i’ve been building capital through funding to accumulate spot positions on some perps dex tokens i’ve been following, it’s almost time to cook
what your extended points are actually worth
1B supply is confirmed, so the math is simple: 30% x FDV / 70M points
i think it opens around $280M FDV → $1.20 a point. i wouldn't be surprised if it opens higher
i posted this table months back. the supply confirmation only made the numbers firmer
and just like muar @muarmemuar said, holding perp dex tokens in 2026 is like holding cex tokens back in 2020. the ones that ran had real revenue.
$XTEN has the product to be on the right side of that list.
and $XTEN is just the start. one day we'll see pacifica @pacifica_fi and variational @variational_io tge too.
2027 is shaping up to be the year of perp dex tokens. built for institutions. priced for farmers. claimed for free
i’ve been building capital through funding to accumulate spot positions on some perps dex tokens i’ve been following, it’s almost time to cook
$XTEN is coming
@extendedapp just confirmed the ticker. TGE in november
- 1B genesis supply
- 300M $XTEN (30%) to the community, for eligible extended points holders
- nothing to pay. it lands straight in a self-hosted arc wallet
- whitepaper prepared under MiCA, publishing october 31
that last part is underrated. a perp dex going the regulated EU route is building for institutions, not just for one airdrop cycle
extended has been one of my highest-conviction farms all year:
one of the most active teams shipping in perps
RFQ, tradfi markets and prime products already live
they actually listen to trader feedback and ship on it
30% straight to points holders is a team rewarding the people who used the product
and stay safe: claiming isn’t open yet. there’s no fee to claim, and anyone DMing you a “claim link” is a scammer.
$XTEN is coming
@extendedapp just confirmed the ticker. TGE in november
- 1B genesis supply
- 300M $XTEN (30%) to the community, for eligible extended points holders
- nothing to pay. it lands straight in a self-hosted arc wallet
- whitepaper prepared under MiCA, publishing october 31
that last part is underrated. a perp dex going the regulated EU route is building for institutions, not just for one airdrop cycle
extended has been one of my highest-conviction farms all year:
one of the most active teams shipping in perps
RFQ, tradfi markets and prime products already live
they actually listen to trader feedback and ship on it
30% straight to points holders is a team rewarding the people who used the product
and stay safe: claiming isn’t open yet. there’s no fee to claim, and anyone DMing you a “claim link” is a scammer.
The ticker is $XTEN.
Coming November 2026. Tokenomics to follow from 31 October.
This communication is not an offer to claim XTEN.
i put together a quick salt sheet to model different $VAR FDV scenarios against your points balance.
assuming 11M total points and 32% of the $VAR supply allocated to points, here's what the numbers look like:
→ 50 pts = $800 at $500M FDV
→ 100 pts = $3.2K at $1B FDV
→ 500 pts = $24K at $1.5B FDV
→ 1,000 pts = $64K at $2B FDV
→ 2,000 pts = $192K at $3B FDV
→ 5,000 pts = $800K at $5B FDV
not guaranteed of course but it helps put the upside into perspective.
stack points, stay efficient and keep grinding
18% boosted ref: OMNIGIVENO 👉 omni.variational.io
what’s a variational point actually worth at TGE?
32% of $VAR supply goes to points holders
fully unlocked at TGE with 9M points distributed so far, 11M max
run the numbers:
$1B FDV → $30–36 a point
$1.5B FDV → $44–53 a point
$3B FDV → $87–107 a point
OTC is trading at $37 a point. that’s the market pricing variational at roughly $1–1.3B FDV
if you’re farming at $12–14 a point, $37 is already 3x your cost, and every green cell on this table is more upside on top
and if you’ve traded size on hyperliquid, lighter, aster, ostium or dydx, you might not need to farm at all. onchain trader rewards could already have up to 3,000 points waiting in your wallet. at $37 OTC that’s $111k
check yours 👇
omni.variational.io/trader-r…
the window closes at TGE. stack while points are still cheap
18% boosted ref: OMNIGIVENO | omni.variational.io
giveno retweeted
Variational week 45 recap @variational_io
54 pts | $150k volume this week | ~$35k OI
lower than last week, and that's on me. most of my attention went to qfex this week, so omni got less volume.
but the cost per point stayed the same, and that's the part i actually care about.
one thing i keep seeing people get wrong - holding time.
i tested it. one week i was closing positions after ~30 mins and points got way more expensive.
now i hold everything 8h+ and the difference is obvious. omni doesn't reward scalping, it rewards positions that stay open for hours.
same with slippage. most people try to minimize it. on Vari it's literally where most of the points come from, so i stopped fighting it and started pricing it in.
if you're farming omni with 15 min scalps, you're paying more for the same points.
the goal hasn't changed, 500 points before TGE, it doesn't feel impossible anymore.
if your still not farming:
omni.variational.io/?ref=OMN…
some big announcement is dropping today, my guess is the trading API launch.
if that really happens, cost per point will increase by roughly 20-30%.
you can still farm points at $13-15, there’s literally 0 risk.
32% goes to the airdrop. TGE is in Q4, most likely December, everything is already public.
the most obvious no-brainer for me with 2-3x upside.
ref: OMNIALEKZZ | omni.variational.io
variational week 45 update @variational_io
149 pts | $2.6m volume | $600k open interest
another solid week across omni.
i mixed crypto pairs, tradfi and swaps, leaning more into cocoa and oil swaps while using pair trading for both crypto and tradfi markets.
$1.3k collected from funding this week.
funding continues to offset trading costs, making the points more efficient. i'll be repeating the same playbook this week, but pushing for more volume.
i've also been testing different strategies and will be dropping an article soon for anyone looking to try them out.
platform updates this week:
- swaps volume crossed $60B+, now accounting for more than 15% of lifetime protocol volume.
- over 25 companies behind perp markets listed on omni are expected to report earnings over the next week.
- new zero-fee markets went live, including $IONQ and $ASTS, with up to 20x leverage.
- swaps now support $1M+ traditional market orders with under 1 bp in total execution cost.
- 18 swap markets are live, with FX pairs next on the roadmap.
- treasury crossed $11M USDC - $2.8M added in the last month alone
- VIP invites out to the top 100 point holders
zoomed out:
variational is moving beyond crypto perps. tradfi liquidity is coming onchain, swaps are gaining traction, and the product keeps expanding into new markets.
my biggest focus right now is the window before API trading arrives.
once APIs bring more automated execution and competition, earning points efficiently could become harder for manual traders.
this feels like the last big push to stack points before the meta changes.
i'm sticking with the same playbook, collecting funding, and increasing volume.
traded perps on hyperliquid, lighter, aster, ostium or dydx? check your wallet - you could be sitting on up to 3,000 free points 👇
omni.variational.io/trader-r…
there's still time to stack more points bro 🤝
18% boosted ref: OMNIGIVENO | omni.variational.io
