head of product @variational_io ||| one of the lads at @0xSteadyLads
New York
Joined July 2020
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still early, give us some time... will be well worth the wait
Omni leaves private beta ranked #2 among the top 15 perp protocols by October volume, behind only Hyperliquid.
@variational_io traded $77.8B that month, up 5.2x from April, with a record day of $4.47B on October 6.
A key driver was Swaps, which passed $80B cumulative in ten weeks. Swaps are about 60% of daily volume, and the Nasdaq-100 swap alone is about a third.
Swap quotes average 0.44 bps (volume-weighted) against 2.71 bps on the rest of Omni, and cheaper execution didn't cost Variational. Spread revenue grew 3.8x between the first three and last three biweekly periods, against 3.3x for volume.
Tighter execution, more volume, and more revenue. Congratulations to the team on taking Omni to public mainnet. 🦙
Justin Bram retweeted
Open interest limits on all TradFi perps are now 3 times higher.
This increase comes from OLP improvements in today's mainnet release. Limits will continue to climb as OLP and the platform mature.
We remain on track for this year’s TGE and major partnership announcements that we alluded to in our tokenomics update. Expect to hear much more from us beginning later this month!
In mid-September, we made the decision to allocate a large chunk of our dev resources towards auditing and further improving protocol security. This included additional audits of both the codebase and our operations, AI-enabled pentesting, red teaming, and more.
Public mainnet is now right around the corner, and the trading API is being rolled out to a small set of whitelisted alpha testers before being publicly launched this month.
We remain on track for this year’s TGE and major partnership announcements that we alluded to in our tokenomics update. Expect to hear much more from us beginning later this month!
Justin Bram retweeted
In mid-September, we made the decision to allocate a large chunk of our dev resources towards auditing and further improving protocol security. This included additional audits of both the codebase and our operations, AI-enabled pentesting, red teaming, and more.
Public mainnet is now right around the corner, and the trading API is being rolled out to a small set of whitelisted alpha testers before being publicly launched this month.
We remain on track for this year’s TGE and major partnership announcements that we alluded to in our tokenomics update. Expect to hear much more from us beginning later this month!
Justin Bram retweeted
Variational is the cheapest place on-chain to trade both small ($10k) and large ($1M) orders for every TradFi market with a swap listed.
TradFi liquidity on-chain.
Justin Bram retweeted
Throwback to @JustinCBram sharing the stage with @JohannKerbrat from @RobinhoodApp at @XRPSEOUL during last month’s KBW.
One underappreciated thing about @variational_io is that we're basically the only exchange with in-app, top-tier support from real people
Median first response time: 2m 27s (not an ai bot)
Justin Bram retweeted
The Lads take it to the @token2049 stage in the latest episode 🇸🇬
One year since 10/10. We pulled up last October's chart and went through what actually changed 🫡
In Ep #104 we cover:
🟡 @TaikiMaeda2 Names His zcash:native Stop Loss
👋 Why @JustinCBram Sold 100% Of His ethereum:native
🤖 The AI Coin Nobody Can Buy
🦀 @gametheorizing On Everything Becomes Crab
🍝 Pasta of the Week & More!
Full links below! 👇
If @fundstrat’s avg eth price really is $3300 that’s pretty solid. He bought 5% of the network and only slipped 20%
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Justin Bram retweeted
🎤 @XRPSEOUL 2026 Highlights | Fireside Chat
"The Next Wave of Onchain Innovation"
Leaders from Robinhood and Variational discuss the next wave of onchain innovation and how global platforms are bringing it to users.
🗣Speakers:
• Johann Kerbrat (@JohannKerbrat), SVP and General Manager at @RobinhoodApp
• Justin Bram (@JustinCBram), Head of Product at @variational_io
🔎 Key Takeaways:
1️⃣ Expanding Assets & 24/7 Market Access
While currently offering perpetuals for 8 crypto assets, Robinhood plans to expand into commodities like gold, silver, and oil. Anticipating further regulatory clarity, the platform announced 24/7 stock trading this week to capture immense off-hours demand.
2️⃣ Frictionless Retail Onboarding
By integrating directly with DeFi lending protocols, Robinhood enables its millions of funded users to access on-chain yields and tokenized equities without needing to manage private keys or seed phrases, seamlessly bridging traditional brokerage users to onchain finance.
3️⃣ Democratizing Private Equity
The next major frontier for tokenization is private equity. Tokenizing private equity and closed-end funds will provide everyday users access to wealth-generating opportunities historically reserved for institutions.
💡 The Takeaway
Robinhood uses blockchain to upgrade traditional finance. By enabling instant settlement, 24/7 liquidity for equities and commodities, and private equity tokenization, it democratizes retail access.
Hosted by @XRPLKorea
What we’re building, why we think it can be much bigger than a perps DEX, and where we go from here:
Justin Bram retweeted
Steady Lads Live comes to TOKEN2049.
Next week, @Taikimaeda2 (@HFAresearch), @justincbram (@variational_io), @dim_ss (@SeliniCapital) and @gametheorizing go live on the BingX Labs Stage.
Wed 7 Oct · 4:50 PM · BingX Labs Stage
Justin Bram retweeted
32% of @variational_io's total supply is being targeted for the airdrop -- even more than @HyperliquidX and @Lighter_xyz.
@JustinCBram :
“We wanted to make sure that our users were getting the biggest airdrop as a percentage, I think, in crypto history.”
“So we’re targeting a 32% airdrop of the total supply proportional to points holders.”
“We definitely wanna grow our user base and continue rewarding our existing users.”
NEW EPISODE - Is @variational_io the Next Hyperliquid?
Variational isn’t trying to be another perp exchange. Lucas Schuermann (@variational_lvs) & @JustinCBram 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?
Justin Bram retweeted
NEW EPISODE - Is @variational_io the Next Hyperliquid?
Variational isn’t trying to be another perp exchange. Lucas Schuermann (@variational_lvs) & @JustinCBram 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?
Justin Bram retweeted
1/ Launching a new site RWApulse to monitor where the best place is to trade RWAs are
👉 rwa.perpetualpulse.xyz
Justin Bram retweeted
A year and a half ago, we launched Omni to bring broker-style trading on-chain. Back then, we got excited about hitting $1M in daily volume. As we relentlessly iterated on our product with UI redesigns, spread improvements, new order types, and more listings, our user base grew exponentially. Eventually, we started seeing $10M, $100M, $500M, $1B+ days.
Now, Omni is one of the largest on-chain trading venues by any metric: $3B+ in daily volume and nearly $2B in open interest. More than half of the platform's activity is in non-crypto markets. That rapid growth is driven primarily by swaps, our new instrument bringing TradFi liquidity on-chain.
Omni was (and continues to be) shaped by the feedback of traders. Hyperliquid proved that if you do right by your community, they will do right by you. That's why 32% of $VAR is going to Variational traders at TGE, fully unlocked. No external market makers on Omni, and no points for OLP. 100% of the allocation goes to real users.
We have so much left to build: trading API, 24/7 swaps liquidity, spread rebates, OLP deposits, spot markets, and Pro for options. TGE will be just the start of our journey to make Variational the best place for retail and institutions to trade any global market on-chain.
I'm excited to share more about our upcoming partnerships. For now I'll just say that the wait will be worth it. See you in Q4.
