Variational On-chain Verification
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.
On-chain Verification Overview
Compare Variational official data with Arbitrum Settlement Pool snapshots while separating on-chain facts, official data, derived metrics and experimental research.
Verified TVL, Official TVL and Core OLP
Time-aligned snapshots; Core OLP is shown separately and excluded from TVL
Independent On-chain Verification
Verified TVL is only native USDC held by all Settlement Pools at one Arbitrum block. The Core OLP Vault is shown separately and excluded from TVL.
Official Public Data
Variational public stats API: TVL, OI and 24H volume.
Deterministic Derivation
Net user exposure, implied OLP exposure and TVL difference. Net deployment is calculated only after every funding source is verified.
Experimental Research Layer
Inferences are never described as actual positions, equity, solvency or hedge completion.
The Settlement Ledger records Pool balances and on-chain fund events. Direct Core OLP injection includes only records whose olpWallet equals the configured Core OLP Vault; reconciled amounts from unresolved sources are shown separately. Net deployment is N/A while any source is unverified, preventing subtraction of incomparable scopes.
PoolCreated exposes the pool, creator and otherAddresses, but current public on-chain events do not provide directly verifiable instrument, side, quantity or entry price. Counterparty addresses are not confirmed user EOAs. Position-level research would require an authorized Quote/RFQ UUID-to-market resolution path; no such inference is made today.
To control database, CPU and RPC load, PostgreSQL retains the latest 100,000 core events while the public UI, pagination and search cover only the newest 10,000. The pool registry and aggregate statistics are retained independently.
The OLPToPoolTransfer event name does not prove olpWallet is the Core OLP Vault; Pool balance is not OLP equity; implied OLP exposure is not an actual external hedge; hedging-wallet cash is not hedge notional; vault / exposure is not a solvency ratio.