Skip to content

Research brief · week of September 24, 2026

Three perp DEX opportunities worth investigating.

A deliberately short board for users who want the next useful research lead—not another endless airdrop list. Each item has a status, an evidence trail, and a reason to stop and verify before spending money or time.

The user job

Find one sensible opportunity to investigate this week, understand what could make it unprofitable, and decide whether to act or skip.

01 · Live

Variational

No later than end of Q4 2026

Its own docs currently say weekly Omni Points continue no later than the end of Q4 2026. Zero fees, ~50% of VAR confirmed for the community, but the program and point totals remain changeable at Variational’s discretion.

Program
Omni Points
Evidence
official

02 · Live

Bulk Exchange

Season 1 start date not announced

Invite-only mainnet, no token yet, and the old 0% maker Genesis phase is historical. The current Phase 2 schedule starts at 2.0 bps maker / 3.5 bps taker and uses trailing 14-day tiers. The Challenger Series uses trading-earned Ranked Aura for weekly promotion, demotion, and Challenger playoffs; pre-deposit and BulkSOL AURA does not count toward rank. Access codes are one-time and reset weekly, so use the live access route rather than a copied list.

Program
Challenger Series / Ranked Aura
Evidence
official

03 · None confirmed

Ondo Perps

No date confirmed

Earlier research reported a points program and USDC rewards pool, but the current official app was not independently verifiable in this pass. Treat the reward amount, cadence, eligibility, and US restriction as unknown until the official terms are reachable.

Program
Rewards program — current status unknown
Evidence
unknown

How to use this brief

This is a research shortlist, not a trading instruction. Start with the venue review, confirm the current rules on the official source, and estimate fees, spread, funding, gas, and liquidation risk before deciding whether the activity fits something you already understand.

Why these three are here

They are pulled from the same evidence-labeled farming and season records used by the broader trackers. The selection favors a concrete program status, a specific reason to investigate, and a clear caveat for a new user—not the loudest social claim or the highest theoretical token upside.

What would make us remove one

  • The official program ends, changes its scoring rules, or becomes inaccessible.
  • The activity cost or dilution makes the opportunity unreasonable for a new user.
  • The strongest claim cannot be supported by a current primary source.
  • The venue develops a material access, liquidity, custody, oracle, or liquidation concern.

Continue from here

Use the season tracker for the complete status board, the farming roundup for the wider shortlist, and the rankings directory when you want to compare the venue itself rather than the reward campaign.