What podcasts say about Lucas Schuermann
Every statement, with the speaker, the exact quote and the moment it was said.
What Lucas Schuermann has said on podcasts
20 statements · 18 positive · 2 neutral
Variational operates as a principal broker rather than an order-book exchange.
“we're a broker-like model, not an exchange. We don't have order books on our platform. We take the other side of the trade and hedge it against aggregated global liquidity.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 1:09
Variational’s brokerage model enables zero-fee trading and many crypto-perpetual listings.
“This allows some really unique things like zero fee trading, like hundreds of listings and crypto perps.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 1:17
Variational offers substantially better RWA spreads and execution costs than competing platforms.
“in RWAs, we're able to show order magnitude better spreads and execution costs than competing platforms.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 3:04
Brokerage is the best long-term model for retail trading.
“we see ourselves more long-term competing on the brokerage side, which I actually do think is the best model for retail trading in particular.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 5:00
Variational expects users to prefer aggregated brokerage liquidity over direct exchange trading.
“I really don't see long-term, if I keep building the product well and we keep working hard at it, why a user might want to trade on one exchange directly rather than use our platform to face aggregated liquidity simultaneously.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 6:13
Traditional markets provide trillions of dollars in daily liquidity across many markets.
“two, three, five, even beyond trillion dollars of daily liquidity in many of these markets”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 7:09
Brokerage and liquidity routing are preferable to rebuilding liquidity on-chain.
“the right model here, just like traditional finance works, is brokerage and routing to where the liquidity is rather than trying to reinvent the wheel.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 7:18
Variational’s swaps provide retail traders a superior perp-like instrument.
“we're opening this type of instrument, which trades very much like a perp, but better to retail traders.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 7:46
Variational swaps are better than perpetual contracts.
“it's like a perp, but better.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 9:57
Variational aims to become a gateway to global markets.
“our vision is that, you know, variational is the gateway to global markets”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 14:18
Variational plans to offer 5,000–10,000 global markets long term.
“longer term we want. you know, 5,000, 10,000 different global markets”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 14:27
The founders previously managed a $250 billion flow book and electronic market-making system.
“we ran a $250 billion book of flow, building out their electronic market-making system”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 15:49
Variational intends to compete with major retail brokers globally.
“we're competing longer term with Pua in Indonesia, with Grow in India, with Interactive Brokers, longer term, let's say, with Robinhood in the U.S.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 26:26
Variational plans to broaden its user base beyond crypto traders.
“our goal is always to broaden that set”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 29:24
Variational is probably among Arbitrum’s top-five DeFi gas users.
“we're one of the largest gas spenders in Arbitrum One. I'd say we're probably in the top five, just DeFi protocols overall in terms of usage of the chain directly.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 31:20
Variational segregates user capital rather than pooling it in one hot wallet.
“all of our capital balances are completely segregated. They're not moving into one hot wallet pool.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 33:14
Variational has been highly profitable over the past year to eighteen months.
“We've been immensely profitable, both as a company operating OLP and variational in the past year, year and a half”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 43:13
Variational is very well capitalized.
“we are very, very well capitalized.”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 43:25
Variational intends to launch Pro for institutional options and structured-product trading in 2027.
“in 2027, our intention is to launch Pro, which is Variational's answer to the institutional product side options, structured products, other types of multi-dealer platform trading”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 45:52
Variational expects Variational and Omni to grow to major-competitor scale.
“we'll continue growing Variational and Omni to be the size of some of our large competitors and beyond”
Open the episode · Is Variational the Next Hyperliquid? | CEO Lucas Schuermann and Justin BramListen at 46:07
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.