the more variational earns, the bigger the $VAR flywheel gets. the treasury is now growing by over $100k+ a day, up 4–5x since february. at that pace: → $700k a week → $3m a month → $36.5m a year and 100% of treasury revenue goes to $VAR buybacks and burns. put that against backpack's $1.27b FDV and it's 2.9% of the entire supply bought back every year. if inflows climb to $150k/day, it's 4.3% plus $15.7m already sitting in the treasury by TGE you can manufacture points but you can't manufacture revenue. most tokens launch and hope demand shows up. $VAR launches with a buyback machine already running 32% of $VAR supply goes to points holders, fully unlocked at TGE. every week you farm counts. 18% boosted ref: OMNIGIVENO | omni.variational.io

Say hi to @popdex_ Create an account and trade without ever visiting their site Deposit-first connect creates the account and server-side execution handle the rest Autopilot can run it too

the biggest daily buyer of $HYPE isn't hyperliquid's own buyback. wallet 0x6436, linked to @HypeStrat per @lookonchain: ~183.6k HYPE a day, 30d avg assistance fund fee buybacks: ~23.1k a day, 30d (@DefiLlama) ~8x more HYPE from one treasury wallet than from fees. the supply side: 983,600 HYPE started unstaking on 24 sep. the 7-day queue clears ~1 oct. days for each buyer to absorb it, in tokens: fee buybacks, 30d pace: ~43 fee buybacks, 7d pace (~26.8k/day): ~37 0x6436, 30d pace: ~5.4 caveats: unstaking isn't selling. fee buybacks are DefiLlama holders revenue, each day's $ converted at that day's HYPE price. and 0x6436 bought 494,200 in the last 16h, so its 30d average undersells the current burst. the fee bid comes from traders. the treasury bid comes from capital a listed company raises. question for the HL crowd: when you model HYPE supply, do you count the treasury bid, or only what fees can buy? napkin maths #009

a reminder as we get closer to launch everything will be preannounced well in advance there is no stealth launch, surprises, whitelist, airdrop, etc but there are many scam websites trying to steal your coins the only official domain is "papertrade.xyz"

n1 @N1Chain just introduced card perps. yes, you read that right. you can now long or short the trading card market through a single perpetual - $TCGX. the index is built from 160 selected cards across: - Pokémon - Magic - One Piece - Lorcana so instead of buying a physical card, storing it, finding liquidity and waiting for someone to buy it from you… you can trade the market itself. long it when you think the TCG market is going up. short it when you think it's going down. and because it’s a perp, you get leverage + the ability to hedge. this is the kind of exotic market i've been waiting to see on-chain. crypto perps → stocks → commodities → RWAs → now trading cards. the interesting part isn't just $TCGX. it's what happens when you realize that anything with a measurable market price can potentially become a tradable perpetual. N1 is pushing into a completely different market here. card markets just got a perp.

Introducing: $TCGX Trade the trading card market long or short through a single perpetual, only on N1. Built from 160 selected cards across Pokémon, Magic, One Piece, and Lorcana. app.n1.xyz

some delta neutral funding opportunities for popdex @popdex_ MINIMAX PopDEX → TxFlow +233.3% APR CASHCAT PopDEX → Variational +171.2% APR MINA TxFlow → Variational +153.6% APR CASHCAT PopDEX → TxFlow +106.1% APR so what does that actually mean? assuming a $10k position, the displayed APRs translate roughly to: • +233.3% → $64 / 24h | $128 / 48h • +171.2% → $47 / 24h | $94 / 48h • +153.6% → $42 / 24h | $84 / 48h • +106.1% → $29 / 24h | $58 / 48h free volume and some pennies for anyone that wants to take it ----------------------------------------------- ref; app.popdex.xyz/referral?refe… app.txflow.com/r/TXGIVENO

Variational dropped 32% for the airdrop. Jumper looked at that and said hold my beer: 33.33% to the community. What’s not clear yet is if that 33% is airdrop-only or airdrop + incentives + campaigns. Wait for the full breakdown. Meanwhile, $JUMP sale on Legion: • Opens Sep 29, 1pm UTC • Closes Oct 2, 1pm UTC • Target $2M, hard cap $3M • FDV $75M • 50% unlock at TGE (Q4), rest over 4 months • XP + waitlist matter for allocation Top 500 from the waitlist get priority. Sign up here: waitlist.jumper.xyz/r/JMP-A4…

backpack @Backpack had a bad airdrop, but a good token. farmers were angry at TGE, dumped their allocations, and $BP went from $0.23 to $0.14. today it's $1.3 that's almost 9x from the bottom. $10k at the lows is $90k now while $100k is closing in on a million. you could have hated the backpack airdrop and still made a fortune on the token. the team knew what they were building the whole time: - no founder, team or investor allocation - unlocks only trigger on real growth milestones - long-term stakers can convert to equity in Backpack the airdrop is only one event. the token has to survive beyond it. that's what a lot of farmers get wrong. we get so focused on "how much am i getting?" that we forget to check what we're actually getting: - who owns the supply? - when do insiders unlock? - does the protocol make real revenue? - does the team have a reason to make this worth more in 2–3 years? when the answers are right and the team is cracked, the token can recover from anything. so when you spot a good team, find an entry, hold the thesis, and let it play out. also, backpack is a solana project. i keep saying it: solana projects do the best airdrops; jupiter, jito, tensor, pyth, drift now backpack. if you're still fading phoenix @PhoenixTrade i don't know what to tell you. now think about this; backpack is sitting at $1.3b+ FDV. variational is doing $3b a day in volume, the treasury grows every month, 100% of treasury revenue goes to buybacks, and 32% goes to the community, fully unlocked at TGE. run those same questions on $VAR and the answers look a lot like backpack's. imagine where that trades at TGE. then 6–7 months after. i wouldn't be surprised to see $VAR launch at $50/p and if it opens where buying feels expensive, you can't go back and farm the points you didn't earn. you still have 3 months to stack points. the airdrop is the entry. the points are the cheapest way in. make them count. variational x phoenix has made me the most fundings over $8k and counting my variational ref code gives the highest boost available and you get 10% off fees on phoenix using my code var; omni.variational.io/?ref=OMN… phoenix; phoenix.trade/?code=GIVENO

Trade follow up. I hope on Day 1 of @variational_io trading API, @pear_protocol is integrated :)

variational just hit a new ath in open interest $2B those of you in the old school who believe old way of thinking simply have not understood the new mathematics of new paradigm you still have time to collect points for the biggest airdrop in the history crypto 18% boosted ref: OMNIGIVENO | omni.variational.io

What is Print? The easiest way to think about it: options-style yield, built around perps. You pick a price where you’d be happy to enter a position, and Print pays you for taking that commitment.

almost another $1k in funding on phoenix @PhoenixTrade in 4 days total funding is now $7,515 same strategy as last time. just capital deployed and funding coming in while the positions run. and every dollar of it is going into the variational assistance fund. funding on phoenix builds the war chest. the war chest builds my $VAR position. the fund went from $6.5k to $7.5k in 4 days.. funding really can become the yield TGE is in Q4. let's see how big it gets ----------------------------------------------------- 18% boosted ref: OMNIGIVENO | omni.variational.io 10% off fees: phoenix.trade/?code=GIVENO

the first rule of happiness is low expectation 👀👀 ''Sandy Peng''

jumptember wasn't just about perps. Jumper just revealed the bigger picture. $JUMP is coming. and Jumper is spinning out of LI.FI to become an independent company focused entirely on the consumer side of onchain finance. think about what they're building: swap bridge earn tokenized stocks / RWAs perps more financial products coming all through one interface. they've already processed $40B+ lifetime volume with 100K+ monthly active users, so they're not starting from zero. and now they're adding Perps to that distribution. the interesting part is the flywheel: more products → more reasons to stay on Jumper → more volume → more users → more distribution. then there's the part that really caught my attention: JUMP is intended to be the only ownership/exposure asset for users, contributors and investors. no separate equity round alongside the token sale. the first JUMP sale is happening through Legion, with proceeds going toward product development, user acquisition and distribution. i've been grinding Jumper XP for a while. now we finally have a much clearer picture of what all that activity was building toward. Jumper isn't trying to be the best bridge anymore. they're trying to become the place you go to move, trade, invest and deploy capital onchain. that's a much bigger thesis. make the jump.

again: trade the relationship, not just the direction. that's what i've been learning on @pear_protocol. pear agent @pear_protocol does the market assessment for you and you choose your margin, review the setup, and let it execute with SL/TP then i let the thesis play out. no babysitting. no constantly staring at the chart. pair trading + AI-assisted execution is a pretty interesting combo. you really need to try pear my brothers and sisters. ref: app.pear.garden/trade?referr…

variational week 41 update @variational_io 64 pts | $1.2m volume | $800k open interest held my positions this week and focused on collecting funding. the funding paid for the points, and i'm profitable on top. also crossed $1b in lifetime volume on variational, and the team upgraded my ref to an 18% boost. thank you to everyone who's ever used my ref, may god bless you. low payout, as expected. volume hit ATHs, new wallets flooded in, and loracle finally claimed his 3k points and joined the race the timing makes sense. the TGE is officially on the horizon. platform updates this week: - $VAR tokenomics dropped: 32% to the community, 100% unlocked at TGE - team + investors locked 12 months, then 3+ years of vesting - 100% of treasury revenue goes to $VAR buybacks and burns - TGE set for Q4, points keep running until the token - $3b daily volume for the first time, majority swaps - week 41 points went to 30,358 accounts (+4,391), the biggest weekly jump yet - treasury around $8.5m - $5m+ positions filling at under 1 bip all-in zoomed out: mixed reactions across the tl, but i'm still bullish. the team has earned my trust with how they've executed. $5m trades at sub-1bp is a different conversation from farming points. real trading + real liquidity + real revenue + now a token catalyst. and i don't think they're done. the team already said new partnerships pushed back the timeline. i wouldn't be surprised to see a raise from a top-tier VC and some big partnerships land before TGE. next few weeks: back to a mix of pair trading and funding arb. pair trading gets me more points, funding keeps the positions profitable. the points are nice. the TGE is exciting. but i'm here because the venue itself makes sense. 18% boosted ref: OMNIGIVENO | omni.variational.io