Decentralized derivatives trading protocol Variational completes $50 million Series A funding, led by Dragonfly Capital

PANews May 20 News, according to Fortune, the decentralized derivatives trading protocol Variational announced the completion of a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Previously, its seed round raised $10.3 million, led by Bain Capital Crypto. Variational is headquartered in the Cayman Islands and provides on-chain derivatives trading, including real-world assets (RWA) such as oil and commodities, by aggregating liquidity from major crypto exchanges and traditional market makers, aiming to compete with traditional markets like CME. The project currently operates with zero fees and a broker-like model; its retail applications Omni and OLP (Omni Liquidity Provider) pools are still invitation-only and will gradually open to the public in certain jurisdictions, with plans to expand tradable assets and liquidity partners.
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