We released another biweekly update in Discord yesterday! Here's the summary 👇

PRODUCT:

➡️ Drastically tightened spreads across virtually all assets, allowing for multi-million dollar BTC orders at 3-4 bip spreads: https://t.co/EAYFuVMdC0
➡️ Re-enabled listing engine to start picking up new listings again
➡️ Re-enabled HYPE trading with spreads ~half of what they were before: https://t.co/3cJGCDpRT7

COMMUNITY:

➡️ Multiple team members have been in New York for the Permissionless conference to meet up with partners and $Omni users. Catch us next at Korea Blockchain Week in Seoul!
➡️ We held a Twitter Space with Variational co-founder @variational_lvs to discuss $Omni’s trading rewards like loss refunds, spread discounts, and more. Check out the Space recording and AI summary: https://t.co/PIpu6RupZm
➡️ Variational co-founder @mr_plumpkin shared a post using Robinhood and Citadel’s relationship to demonstrate how much value can be captured and returned to users via an integrated market maker like OLP: https://t.co/FFmSIvgTeS

METRICS:

➡️ # of new tokens listed in past 2 weeks: 4 (due to listing engine being temporarily disabled)
➡️ Total tokens currently listed: 536
➡️ Total volume traded: $403,771,872
➡️ Total trades placed: 181,042
➡️ Total OLP PnL: $148,844
➡️ OLP APY (based on last 90d): ~87%
➡️ Daily Active Users (avg over past week): 227
➡️ Weekly Active Users: 633