Odaily Planet Daily reports: Decentralized derivatives trading platform Variational has announced the completion of a $50 million Series A funding round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures. Headquartered in the Cayman Islands, Variational is building an on-chain derivatives protocol designed for institutions and traditional financial traders, aggregating liquidity from both traditional finance and crypto markets to create instantly tradable on-chain markets for real-world assets such as oil and commodities. Its core product, the Omni platform, employs a zero-fee model combined with a liquidity pool mechanism to enhance market depth and execution efficiency.
Variational indicates that its goal is not to directly compete with centralized exchanges, but rather to connect multi-source liquidity—including traditional financial market makers and major crypto trading platforms—through a "brokerage" model to address the "liquidity cold start" problem in on-chain markets. (Fortune)