@givenoxbt stated Variational has no public API, no external market makers on omni and no points for OLP, and that 9M points had been distributed so far — all claims by that account.
[1]← Week of Sep 28Sep 28 – Oct 4 UTC Every claim links to the posts behind it01 02 03 04 05 06 07 08 09 10 6 posts on X 1 week
Microtrend / Rank 03 / Week of Sep 28 – Oct 4
Variational's $VAR TGE terms — 32% community airdrop, fully unlocked — anchor the week's perps chatter
Peak / day20tracked accounts
Peak daySatOct 3 · busiest day in the panel
Rest of X / peak day—not measured outside the panel
Cited claims103 dropped by automated checks
Market—no token attached
Attention
Who was talking, day by day
Tracked paneldistinct tracked accounts / day
What happened
@givenoxbt stated Variational has no public API, no external market makers on omni and no points for OLP, and that 9M points had been distributed so far — all claims by that account. @victortopdefig reported 150k points went to 31,600 traders, up from 30,300 the prior week, that he earned 73 points in week 42, and that he is now a top-900 points holder. @absoluto92 reported getting 7.6 points for 450k volume this week versus 8.7 points for 790k volume last week, and concluded swaps are 'overfarmed' — his own figures and interpretation.
+ 7 more in the evidence register ↓Why it matters
This is the same single story for every account: the $VAR airdrop terms set the target everyone is now farming toward, and the farming routes (funding-rate arbitrage, referral boosts) all point back to it. The phase at week end is steady, not accelerating — day counts ran 17, 12, 10, 12, 19, 20, 13.
Observed reaction
speculative-bullish
Spread
Where it started and who carried it
- First seen
- Sep 28, 04:43 UTC by @camelagainagain
- Accounts
- 34 tracked · 6 elsewhere on X
- Communities
- perps trading (21), eth defi (4), prediction mkts (3), airdrops farming (3)
- Key accounts
- @givenoxbt, @victortopdefig, @andyyy, @capy_onchain, @omaofweb3
Explainability
Evidence register
@victortopdefig reported 150k points went to 31,600 traders, up from 30,300 the prior week, that he earned 73 points in week 42, and that he is now a top-900 points holder.
[1]@absoluto92 reported getting 7.6 points for 450k volume this week versus 8.7 points for 790k volume last week, and concluded swaps are 'overfarmed' — his own figures and interpretation.
[1]@givenoxbt said 100 Variational points per week is achievable on a low budget and posted referral code OMNIGIVENO (18% boosted).
[1]@hyperliquideco posted '1066 points' and an 18% points-boost referral link, calling Variational 'Generational.'
[1]@ethandefi_ described a delta-neutral position (AERO long on Variational + AERO short on Hyperliquid) returning 31% APR over 30 days while also farming the Variational airdrop.
[1]@ethandefi_ posted a funding-rate-arbitrage tutorial using @bendbasis's funding screener to farm Variational, Extended and other perp DEXs.
[1]@capy_onchain ranked Variational S+ in a perp-farming priority list, cited $61.8M raised, an approximate $6–7 cost per point, and OTC pricing of $35–40 per point, with referral code OMNICAPY.
[1]@capy_onchain compared venue fees, listing Variational at 0%/0% maker/taker with $3–4B daily volume against Entropy, TxFlow, Lighter RH/Core and RiseX.
[1]@victortopdefig said Variational referral rewards paid for an iPad Pro M5, putting rewards back into farming.
[1]Angles
In the playbook for Thu, Oct 15
Formats in use
- micro
Risks
- Point-valuation figures conflict and are all account speculation, not prices: @0xpostrich says $59/point and 'chasing $2B FDV,' @lekimxbt says $207/point and $7.14B, @capy_onchain cites $35–40/point OTC. No market block was supplied, so none of these can be checked — treat all as unverified.
- Multiple posts carry referral codes and boost links (OMNIGIVENO, OMNICAPY, OMNIABSOLUT, @hyperliquideco's 18% boost, @victortopdefig's link) — likely incentivised promotion.
- @givenoxbt's claims about omni having no public API, no external market makers and no OLP points, and @capy_onchain's $61.8M raise figure, are assertions by those accounts and are not independently confirmed here.
- Funding-rate arbitrage APR (31% over 30d, per @ethandefi_) is a past figure described by that account, not a forward-looking yield.
- No financial advice or price predictions should be derived from the point-valuation estimates above.
Observed content
Most-engaged posts
the $VAR announcement is the most bullish thing i've seen since hyperliquid. and i don't say that lightly. 32% to the community. fully unlocked at TGE. but the biggest thing isn't the 32%. it's who it's going to. there's still no public API. no external market makers on omni.Open on X →
Funding rate arbitrage is one of my favorite ways to earn yield on-chain. For example, a delta neutral position consisting of a AERO long on Variational + a AERO short on Hyperliquid returned 31% APR in the past 30d. With a position like this, you also farm Variational airdrop.Open on X →
getting 100 variational points per week on a low budget is possible just pick a strategy from the article below and get to work 18% boosted ref: OMNIGIVENO | https://t.co/XecoRujdeLOpen on X →
给中文圈的朋友分享一下，我目前最值得刷的 Perp 项目优先级榜单。 S+：Variational / Entropy / TxFlow S：Lighter / Arcus A：RISEx 这些项目在我眼里都很强。排名主要看的是：从现在开始投入时间和资金，哪里还有更大的空投倍数空间。 有些项目排得更高，只是因为我觉得它们的潜在回报更有吸引力。S 和 A 档同样有优秀的产品，也有值得期待的空投机会。 下面聊聊我的逻辑 1. @variational_io｜S+ 目前我心中的第一名，没有之一。 按我目前看到的数据，交易量和 OI 都已经稳定在Open on X →
I believe funding rate arbitrage is the best way to farm perps DEXs. I've been farming Variational, Extended, and others in this way for almost a year while also making a nice profit from funding rates. Here's a short tutorial on how my strategy works: > Go to @bendbasis weOpen on X →
now a top 900 variational points holder. was top 40k on hyperliquid, top 6k on lighter, now top 900 on variational. all I see is growth and consistency. learnt a lot from each perp dex. hyperliquid was pure volume farming, my first perp. lighter taught me open interest and tradOpen on X →
History