About Omni

Learn about the Omni application.

The Omni Mainnet is currently live in Private Beta! Join Discord to look for a referral code.

If you've already gained access to the Beta, read "Getting Started with Omni" to learn how to onboard.

Variational Omni is designed to be a simple platform for day traders to access perps across a massive universe of underlyings.

Built on the Variational protocol, Omni is designed for the seamless trading of leveraged, permissionless perps. Traders have the ability to take long or short positions on hundreds of assets, many of which have no other perp listings.

Why Omni?

There are a variety of reasons you may choose to trade on Omni instead of other platforms.

Zero Fees

Omni charges no fees on any orders. Because of Omni's vertically integrated market maker (the Omni Liquidity Provider), Omni is a closed-loop system and the Variational protocol is able to make money on a volume-based percentage of OLP's revenue rather than by charging fees on user orders.

Huge Variety of Listings

One of Omni's key differentiators is the sheer number of listings it supports. Omni's automated listing process ensures that new tokens are listed immediately upon passing basic security and activity checks. By running sophisticated in-house quoting algorithms through OLP, Omni is able to provide immediate liquidity to each new listing without any reliance on external market makers.

Further, this lack of dependence on external market makers allows Omni to independently list perps on exotic markets such as volatility indices, interest rate swaps, in-game items, and much more as the platform matures.

Deep Liquidity

As the counterparty to all trades on Omni, OLP is responsible for both offering quotes on each listed asset and hedging out the risk it accumulates from user trades. To accomplish both of these goals, OLP is tightly integrated with leading CEXs, DEXs, AMM pools, DeFi platforms, and OTC channels. OLP's quoting algorithms use data from these sources as inputs for determining spreads, and actively hedges through exchanges and on-chain venues to minimize its risk.

Safe Design

Omni creates a new on-chain settlement pool (smart contract) for each user, which is used by both the user and OLP to deposit margin and clear trades. This design isolates risk by user, limiting the risk of contagion and socialized losses.

Omni also maintains a variety of risk checks, including platform-wide, user-specific, and market-specific limits, to protect itself from market manipulation and toxic flow.

Sustainable Yield

OLP vault deposits will be open to all users of Omni, allowing any user to get exposure to OLP's market making strategy on the platform. OLP employs a variety of strategies in an attempt to maximize yield, including external hedging and sophisticated quoting algorithms.

Simple Onboarding

All Omni users trade using default margin parameters and liquidation rules. Any user can get set up to trade in under 45 seconds by simply connecting a crypto wallet and depositing Arbitrum USDC. Due to Omni's use of modern Ethereum standards (EIP-712/EIP-2612), no gas is required for deposits, trades, or withdrawals.

How Does Omni Work?

Put simply, Omni works by:

1. Using the Variational protocol as infrastructure for clearing trades on-chain.

2. Using OLP as the sole market maker on the platform providing quotes and acting as a counterparty to user trades.

3. Using an in-house oracle for price feeds and collecting market data as inputs for OLP's quoting algorithms.

The largest technical difference between Omni and other perps platforms is that Omni has vertically integrated all market making occurring on the platform. The vast majority of trading platforms rely on external market makers to fill out the orderbook of each listed asset, which results in significant value being extracted from the platform ecosystem by these external parties.

By vertically integrating the entirety of Omni's market making via OLP, all profits (or losses) generated by market making on the platform remain within the Variational ecosystem. This allows Omni to offer users zero fees (since the Variational protcol can make revenue from the spread instead), potential loss rakebacks, and a massive variety of long-tail and exotic listings that aren't supported by existing market makers.