Arbitrum-based derivatives venue Variational raises $50 million Series A led by Dragonfly
Variational raised $50 million in a Series A funding round led by Dragonfly to bridge traditional finance liquidity to onchain derivatives trading.Summary
Variational, an Arbitrum-based derivatives platform, has successfully raised $50 million in a Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Founded by Lucas Schuermann and Edward Yu, the startup aims to integrate traditional finance liquidity into onchain trading by utilizing a Request-for-Quote (RFQ) system powered by its Omni Liquidity Provider vault.
The platform currently supports markets for commodities like gold, silver, copper, and oil, with plans to expand to over 100 traditional finance markets this summer. By routing directly to institutional sources, Variational seeks to overcome the liquidity challenges common in decentralized finance while providing a user-friendly, cross-margined trading experience through its upcoming Omni app.
(Source：The Block)