2026-01-11 13:34:17

An interesting phenomenon—competition in the perpetual DEX track is becoming increasingly fierce. Variational, with its unique mechanism design, has steadily secured a spot among the top four, thanks to two major innovations.

First is the OLP liquidity pool model, which aims to provide an annualized yield of over 100%, making it quite attractive to LPs. The deposit function will be available in the coming weeks to months.

Second is the RFQ quote request mode, which gives them great flexibility—basically allowing the listing of any asset pair. Compared to the lengthy listing process of traditional DEXs, this mode makes asset onboarding much more efficient. These two strategies combined demonstrate that Variational has put considerable effort into differentiated competition.

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GasFeeCrier

· 17h ago

100% annualized? Sounds too good to be true.

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Token_Sherpa

· 18h ago

tbh the 100%+ APY thing feels like they're just printing yield on paper rn... actual LP velocity trap waiting to happen imo. RFQ model's solid tho, that's at least solving a real ux problem unlike most perps dexes

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HodlKumamon

· 18h ago

Based on the 100% annualized figure, I need to calculate this risk weight... Feels a bit dangerously sweet(´；ω；`) The RFQ mode is indeed powerful, saving those tedious token listing processes and maximizing efficiency. But everyone still needs to do DCA regularly, don't be blinded by high returns. With the top four giants competing like this, the perpetual DEXs are really a bloodbath in the track... Just reviewed the data from the past 72 hours, and it seems we should cautiously observe the real TVL growth in this wave.

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NotSatoshi

· 18h ago

100% annualized? That number sounds a bit suspicious. Let's see when the deposit actually opens. --- RFQ mode is indeed clever, much faster than the traditional DEX process. --- Top four? Still depends on their subsequent performance. It's too early to tell now. --- OLP+RFQ combo is pretty good, but many projects are competing in the perpetual DEX space. --- Let's wait until it officially launches for evaluation. Anyone can talk about it on paper. --- Honestly, I was a bit attracted by the 100% annualized rate, but what about the risks? --- There are many ways to differentiate; it all depends on who can execute successfully. --- Here comes the liquidity mining scheme again, a cyclical script.

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SerumDegen

· 18h ago

ngl, 100%+ apy on lp tokens sounds like the kind of copium we've seen crash n burn b4... rfq mode tho? that's actually spicy for asset flexibility, but where's the liquidation cascade risk hiding here 👀

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