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Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives, built to bring retail and institutional derivatives trading on-chain. It powers Omni, a zero-fee perpetuals trading app that uses a request-for-quote model and an integrated Omni Liquidity Provider (OLP) for deep liquidity. Trades are cleared and settled on-chain with customizable settlement pools and developer APIs for building derivatives applications.

6 events
Tracking since 28 days ago
Raised 11.80

News (6)

Variational issued weekly points in its trading rewards program. Community observations indicate that position retention and trading low-OI, lower-volume pairs can improve points accrual, while the program may also factor in PnL and funding. Overall, participants report current average volumes of several thousand dollars per point, with stronger results from native, longer-held altcoin positions.

Variational is a perp DEX currently in beta with invite-only access.

Points farming started recently (within the last few weeks), and trading fees are 0% Maker / 0% Taker.

Reported daily volumes since beta are around $1–1.5B.

The project has raised $11.8M from tier-1 funds, including Coinbase Ventures and Dragonfly Capital.

OTC pricing for points is currently around $30–40 per point.

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