Lucas (@variational

Lucas

526 posts

Lucas

@variational_lvs

founder and CEO @variational_io. bringing tradfi liquidity on-chain

Joined January 2024

Pinned
Lucas
@variational_lvs
May 20
Thrilled to work with @hosseeb and the entire @dragonfly_xyz team, alongside @BainCapCrypto @cbventures and other strategics, to bring tradfi liquidity on-chain. This raise gives @variational_io the resources we need to land key institutional partnerships, expand our team, and
Variational
@variational_io
May 20
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain. Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.
25K
Lucas
@variational_lvs
Oct 10, 2025
Flash crashes place a huge strain on trading platforms. I'm proud to share that @variational_io Omni has stayed up throughout this extreme volatility, with liquidations, trading, and OLP functioning as expected.
26K
Lucas
@variational_lvs
Oct 9, 2025
.@variational_io now has 10 employees. Proud of how our small team performed over the past few months with recent exponential scaling.
16K
Lucas
@variational_lvs
Oct 19, 2025
Seems that our community is responding positively to the massively improved spreads from our OLPv2 deployment a few days ago. OI peaked a couple of weeks ago at ~$200M and right now is hovering around $165M. We're just getting started @variational_io !
14K
Lucas
@variational_lvs
Jun 4, 2025
Why we raised more from VCs during an anti-VC meta: It’s no secret that most crypto holders and traders aren’t the biggest fans of venture capital right now. After years of the low-float/high-FDV launch meta extracting from retail, followed by Hyperliquid breaking out as the
Variational
@variational_io
Jun 4, 2025
We’re proud to announce that we’ve closed a $1.5M strategic round including @mirana, @caladanxyz, @zokuventures, and a small number of other key partners. To welcome Omni’s next phase of growth on @arbitrum, we’ve now opened the referral program to all users. 1/
About Pro | Variational Docs
From docs.variational.io
19K
Lucas
@variational_lvs
Nov 15, 2025
Unfortunately, we've identified an issue affecting a small number of users attempting to claim retroactive rewards. This issue has the potential to negatively impact the wider platform. We've temporarily paused reward claims for all users, and are working on a fix ASAP.
Variational
@variational_io
Nov 15, 2025
Referral rewards are now live on Omni! Over $1M in retroactive referral rewards have been distributed, and new referral rewards can be claimed from the rewards page at any time going forward.
13K
Lucas
@variational_lvs
Oct 21, 2025
$1.6B volume today with ~$250M in OI. Our week to week growth in particular has been astronomical for the last few weeks in a row.
Lucas
@variational_lvs
Oct 19, 2025
Seems that our community is responding positively to the massively improved spreads from our OLPv2 deployment a few days ago. OI peaked a couple of weeks ago at ~$200M and right now is hovering around $165M. We're just getting started @variational_io !
7.2K
Lucas
@variational_lvs
Oct 23, 2025
New site does a much better job at summarizing our vision. Looks great too 👀
Variational
@variational_io
Oct 23, 2025
The brand-new Variational website (designed to match the recently updated app UI) is now live!
5.3K
Lucas
@variational_lvs
May 22, 2025
Fun fact about @variational_io: protocol development has been funded by our past trading profits, not VC capital. In late 2021, when @mr_plumpkin and I left one of the largest crypto trading desks, we decided to start our own market making firm. We called it Variational, and
15K
Lucas
@variational_lvs
Oct 17, 2025
Hitting comfortable all-time highs mere hours after our OLP overhaul enabling 90%+ tighter spreads. Still refunding your losses. Still no fees.
Variational
@variational_io
Oct 17, 2025
Omni has now crossed $500m in 24h taker volume, reaching a new all-time high. Omni has also surpassed $1M in cumulative loss refunds sent for losing trades.
4.2K
Lucas
@variational_lvs
Sep 16, 2025
We’re exploring a Variational points program. It could be a great tool for accelerating Omni and expanding trader growth in the ecosystem. To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.
Brian Armstrong
@brian_armstrong
Sep 15, 2025
We’re exploring a Base network token. It could be a great tool for accelerating decentralization and expanding creator and developer growth in the ecosystem. To be clear, there are no definitive plans. We’re just updating our philosophy. As of now, we’re exploring it.
5.3K
Lucas
@variational_lvs
Oct 10, 2025
Variational Omni refunds your losses. Why trade elsewhere?
Variational
@variational_io
Oct 10, 2025
Omni has now surpassed $500,000 in user trading losses refunded.
3.8K
Lucas
@variational_lvs
Oct 17, 2025
Slow and steady.
Variational
@variational_io
Oct 17, 2025
Biweekly update: PRODUCT ➡️ The most recent mainnet release was v0.2.3. ➡️ Spreads have been tightened across the board (e.g. BTC spreads for small orders have been cut by 90%+). ➡️ Updated spread display to show more precision (especially on tighter spreads). ➡️ Tweaks to loss
3K
Lucas
@variational_lvs
Oct 10, 2025
Some observations about loss refunds in celebration of crossing $500K user trading losses refunded: - On most recent days, @variational_io has refunded between $40K and $65K of user trading losses. - >1.3K traders have received loss refunds (a sizable portion of our daily
3.2K