Funding Round attributes
Variational, a decentralized derivatives trading protocol built on Arbitrum, has secured $1.5 million in a strategic funding round. This investment comes from Mirana Ventures, Caladan, Zoku Ventures (formerly Superpotion), and other key partners.
The funds from this strategic round are intended to accelerate Variational's growth and expand its ecosystem. The company aims to leverage its investors' expertise to enhance the Omni platform, a decentralized perpetual futures trading platform that operates without order books. Omni utilizes a request-for-quote infrastructure and a proprietary market maker called the Omni Liquidity Provider (OLP) to offer zero-fee trading across hundreds of markets.
Looking ahead, Variational plans to implement loss rebates, introduce novel reward mechanisms, and release the public mainnet of Omni. The company is also preparing to open the OLP vault for community deposits, aiming to further decentralize its liquidity provision. Users interested in participating in the referral program can join Variational's Discord community for more information.
Founded in 2021, Variational began as a proprietary market maker before transitioning to developing its decentralized trading protocol. The company's team comprises professionals with extensive experience in market making and software engineering from leading firms. Variational's mission is to automate the end-to-end process of trading and clearing for safe bilateral trading of options, futures, perpetuals, and other derivatives.
