VariationalVAR
Variational intends to use 100% of treasury-directed revenue for VAR buy-and-burn after TGE. perpdex.io uses positive daily treasury USDC balance changes as an experimental reference, without treating balance changes as confirmed revenue or executed buybacks.
User OI is the sum of user Long OI and Short OI across all markets and excludes mirrored OLP counterparty notional. The OLP vault card is only the native USDC held by the specified Arbitrum wallet; it excludes capital already deployed to hedges or held elsewhere and is not total OLP capacity.
Platform metrics · 30-day observation
Captured daily at 00:00 UTC · missing days are not zero-filled
16/30 valid UTC-day points. User OI excludes the OLP counterparty; volume is the official trailing-24H value at each snapshot.
Positive treasury balance change (experimental)
Positive daily USDC balance change · UTC day boundary · not audited revenue
Experimental basis: positive balance change = max(current treasury balance − prior-day balance, 0). Deposits and transfers can also increase the balance, so this is not audited accounting revenue.
Open every evidence trail from the overview
Market Observatory
555 markets8 swaps · 8 in standard open status
Long-hold Cost Study
0 active0 simulated legs · 30D conclusions 0/8
Listing Tracker
3 newCurrent 555 · historical 556
On-chain Verification
$256.47M197224 Settlement Pools · TVL difference -0.138331068439039576%
Data Health
PENDING0 open alerts · schema PASS
Methodology
Evidence firstRates · OI · cost signs · evidence lineage
Research conclusion gates
No venue winner from a short sample
Raw rates, costs and cashflows are visible now. ‘More linear / more stable’ comparisons remain locked until complete-day and coverage gates pass.
Platform metrics time · 2026-09-29 18:18:56 UTC · market status time · 2026-09-29 18:18:56 UTC
Recent Listing Discovery Events
Live production events · first seen is not official listing time
Overview scope
Production read-only data · 60-second refresh
The overview only aggregates readable production market, study and listing-event data. Missing values remain N/A and incomplete validation remains PARTIAL.