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NEW EPISODE - Is Variational the Next Hyperliquid? Variational isn’t trying to be another perp exchange. Lucas Schuermann (lucas.var) & Justin Bram break down its broker model, how it taps into TradFi liquidity, why swaps could be a better retail primitive for RWAs, and the vision for accessing thousands... of global markets from one USDC balance. Plus: the 32% VAR airdrop, mobile, and the push to bring the next wave of traders onchain. CHAPTERS --- 0:00 Broker, Not Exchange 5:07 Why Brokerage Wins for Retail 8:22 What Is a Swap? 9:58 The Real Cost of Trading 11:43 Bringing TradFi Liquidity Onchain 14:44 Building Variational 23:14 From Crypto Traders to Everyone 26:42 The Next User Base 30:35 What Actually Happens Onchain? 34:00 Inside OLP 37:03 Arbitrum and User Funds 39:44 The VAR Token and 32% Airdrop 42:34 Funding the Token Model 44:11 The 2027 Roadmap 47:44 Protocol or Platform?show more

Bankless

412,190 subscribers

68,568 views • 3 days ago •via X (Twitter)

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14 Comments

Steve_stonks3 days ago

@variational_io @variational_lvs @JustinCBram Variational is the biggest project of this year 🏆

Base3 days ago

@variational_io @variational_lvs @JustinCBram gvar

robin3 days ago

@DevAfri @variational_io @variational_lvs @JustinCBram Gvar 💙💙💙

Leo XBT3 days ago

@variational_io @variational_lvs @JustinCBram Variational is going to make a lot of millionaires

Last161.eth3 days ago

@variational_io @variational_lvs @JustinCBram With all due respect, you shouldn't put Variational in the same category as HL it's a different product! gVAR

Caramel3 days ago

@variational_io @variational_lvs @JustinCBram gVar

KhaiDao2 days ago

@variational_io @variational_lvs @JustinCBram broker model for perps could actually work, retail doesn't need another venue

TronCienia3 days ago

@variational_io @variational_lvs @JustinCBram gVar

Filthy2 days ago

@variational_io @variational_lvs @JustinCBram gvar

celavy3 days ago

@variational_io @variational_lvs @JustinCBram variational

Stew1000 (Ø,G) 👾🛡️3 days ago

@variational_io @variational_lvs @JustinCBram Bookmarked will be listening!

Reinforce.fi | Stablecoin Yield3 days ago

@variational_io @variational_lvs @JustinCBram a broker model tapping TradFi liquidity is a different risk profile than a perp exchange matching onchain order flow, does the swap primitive settle onchain or off

lowiqdegen.var3 days ago

@variational_io @variational_lvs @JustinCBram Gvar

고조 체인3 days ago

@variational_io @variational_lvs @JustinCBram The broker model is the only way to get real volume onchain

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Bankless

195,072 views • 4 months ago

A new episode of Hivemind is out now! In this special in-person episode, the team discusses crypto’s move from experimentation to adoption, the rise of tokenization, and why onchain options could be the next major opportunity. Timestamps: 00:00 Intro & Market Surprises 06:00 Tokenization, Zcash & Crypto’s Winners 20:51 Onchain Options: The Next Big Opportunity? 32:52 Is Crypto Still the Frontier? 46:40 AI Labs, Infrastructure & Bubble Risks 1:08:00 What We’re Avoiding 1:20:34 Biggest Risks & What Comes Next

A new episode of Hivemind is out now! In this special in-person episode, the team discusses crypto’s move from experimentation to adoption, the rise of tokenization, and why onchain options could be the next major opportunity. Timestamps: 00:00 Intro & Market Surprises 06:00 Tokenization, Zcash & Crypto’s Winners 20:51 Onchain Options: The Next Big Opportunity? 32:52 Is Crypto Still the Frontier? 46:40 AI Labs, Infrastructure & Bubble Risks 1:08:00 What We’re Avoiding 1:20:34 Biggest Risks & What Comes Next

Delphi Digital

250,394 views • 5 days ago

Altcoin options notional is up 3.5x this year on Wintermute. Capital efficiency is driving it. Traders care about vol profiles, catalysts, and surface structure, not the underlying itself. Jasper De Maere, OTC trader at Wintermute, breaks it down: "with options, the underlying itself doesn't really matter. they just look at the vol profile, what the surface looks like, are there meaningful catalysts." 0:00 Meet Jasper: Wintermute's OTC Desk 1:10 From TradFi to Crypto 3:36 What an OTC Desk Actually Does 5:10 The Rise of Altcoin Options 10:15 Structured Products in Crypto 13:46 Where Institutions Still Have an Edge 15:10 Inside October 10th: The Liquidation Cascade 18:44 Has Retail Left Crypto for Equities? 22:53 Is the Four-Year Cycle Dead? 23:44 Why Bear Markets Are Healthy 25:51 AI and the End of the Order Book? 30:27 Vaults & the Rise of VTFs 34:00 Curation vs. Distribution: Why Vaults Aren't Trillions Yet 34:56 Can Options Strategies Move On-Chain? 37:56 What Brings Retail to Options 44:18 What Is Jasper Buying Right Now? 45:00 What's Most Exciting for the Next 12 Months

Paradigm

13,912 views • 3 months ago

The Real Reason Institutions Need Onchain Privacy (Insider Take) with Zama founder Rand Timestamps: 00:00 Intro 01:26 First Confidential Vault Hit $40M TVL 02:43 15 New Vaults Five New Assets Live 04:02 Confidential Swap Protocol Launched 05:53 Institutions Need Confidentiality To Scale 08:14 Millions Of Vaults Is The Vision 10:33 Confidential Bitcoin Yield Is Real 12:44 Encrypted Voting And Blind Auctions Onchain 14:55 FHE Explained Without The Math 17:06 MEV And Front Running Problem Solved 19:14 Zama Token Economics Explained 21:33 Gas Fees Are The Wrong Monetization Model 23:44 100% Of Fees Into Buyback And Growth 25:06 Wintermute Bitwise Flow Desk All In 26:43 Every Onchain Transaction Will Be Encrypted

The Real Reason Institutions Need Onchain Privacy (Insider Take) with Zama founder Rand Timestamps: 00:00 Intro 01:26 First Confidential Vault Hit $40M TVL 02:43 15 New Vaults Five New Assets Live 04:02 Confidential Swap Protocol Launched 05:53 Institutions Need Confidentiality To Scale 08:14 Millions Of Vaults Is The Vision 10:33 Confidential Bitcoin Yield Is Real 12:44 Encrypted Voting And Blind Auctions Onchain 14:55 FHE Explained Without The Math 17:06 MEV And Front Running Problem Solved 19:14 Zama Token Economics Explained 21:33 Gas Fees Are The Wrong Monetization Model 23:44 100% Of Fees Into Buyback And Growth 25:06 Wintermute Bitwise Flow Desk All In 26:43 Every Onchain Transaction Will Be Encrypted

The Rollup

15,868 views • 18 days ago

“Who is left to buy?” StonkTrump joins the Insilico Terminal Podcast to talk options flow, institutional positioning and trading market extremes. We covered buying while the news still looks terrible, the semiconductor unwind, crowded trades, crypto’s edge in TradFi and Bitcoin’s setup into the fall. 00:00 From crypto to options 06:30 Meme stocks, silver and early trading lessons 14:07 Reading institutional positioning at market extremes 24:22 Finding stocks through options flow 32:50 Why TradFi beats onchain complexity 38:10 What crypto traders can learn from equities 42:18 The AI bull case and the next market correction 50:04 When a trade becomes too crowded 55:25 Bitcoin’s setup into the fall

“Who is left to buy?” StonkTrump joins the Insilico Terminal Podcast to talk options flow, institutional positioning and trading market extremes. We covered buying while the news still looks terrible, the semiconductor unwind, crowded trades, crypto’s edge in TradFi and Bitcoin’s setup into the fall. 00:00 From crypto to options 06:30 Meme stocks, silver and early trading lessons 14:07 Reading institutional positioning at market extremes 24:22 Finding stocks through options flow 32:50 Why TradFi beats onchain complexity 38:10 What crypto traders can learn from equities 42:18 The AI bull case and the next market correction 50:04 When a trade becomes too crowded 55:25 Bitcoin’s setup into the fall

Insilico Terminal

21,417 views • 1 month ago

LIVE NOW -- Aerodrome’s Vision: Scaling Onchain Markets | Alex Cutler In this episode of Bankless TV, we chat with alexander from Aerodrome about the innovative decentralized exchange model on the Base blockchain. He explains how Aerodrome, a meta-DEX evolving from Velodrome, merges the best features of platforms like Curve and Uniswap. We discuss its dominance on Base, plans for future integration with Ethereum, and the upcoming collaboration with Coinbase 🛡️ to expand token access. [TIMESTAMPS] 0:11 Introduction to Aerodrome 4:17 DEX Dominance and Market Strategy 6:47 Building on Base 14:00 Token Integration with Coinbase 17:38 Future Assets and Market Dynamics

LIVE NOW -- Aerodrome’s Vision: Scaling Onchain Markets | Alex Cutler In this episode of Bankless TV, we chat with alexander from Aerodrome about the innovative decentralized exchange model on the Base blockchain. He explains how Aerodrome, a meta-DEX evolving from Velodrome, merges the best features of platforms like Curve and Uniswap. We discuss its dominance on Base, plans for future integration with Ethereum, and the upcoming collaboration with Coinbase 🛡️ to expand token access. [TIMESTAMPS] 0:11 Introduction to Aerodrome 4:17 DEX Dominance and Market Strategy 6:47 Building on Base 14:00 Token Integration with Coinbase 17:38 Future Assets and Market Dynamics

Bankless

39,434 views • 1 year ago