VariationalOn-chain Verification Data

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.

INDEPENDENT ON-CHAIN VERIFICATION

On-chain Verification Data

Independently verify Variational TVL, Settlement Pool capital flows and the Implied OLP Exposure associated with user OI imbalance. Any inference that cannot be fully verified is labeled Derived or Experimental.

SNAPSHOT TIMINGDifferences in on-chain snapshot timing may cause minor data discrepancies.

On-chain verifiedOfficial APIDerivedExperimentalOLP core ledgerPublication stateBACKFILLING

Verified TVLOn-chain

$256.47MSettlement Pools only · excludes Core OLP Vault

ONCHAIN VERIFIED

Official TVLOfficial API

$256.82MVariational /metadata/stats

OFFICIAL API

TVL DifferenceDerived

-$355.26K-0.14% difference · not a safety score

DERIVED

Core OLP VaultOn-chain

$23.35MSeparate on-chain balance · excluded from verified TVL

ONCHAIN VERIFIED

Net Deployed Capital (24H)Derived

N/AOLP → Pool injection minus Pool → OLP return; not user opening/closing activity or OLP PnL

DERIVED

Gross Implied OLP ExposureDerived

$424.51MSum of absolute user OI imbalances

DERIVED

Verified TVL, Official TVL and Core OLP

Time-aligned snapshots; Core OLP is shown separately and excluded from TVL

OLP and Pool Capital Flows (24H)

Injection is OLP → Pool, return is Pool → OLP, and net deployment is injection minus return; USDC movement only, not user opening/closing activity or OLP PnL

Implied Exposure vs Official OI

Implied directional exposure is not an observed external hedge position