Variational ra mắt thị trường hoán đổi cho vàng và Nasdaq 100

The Huoxing Finance report states that Variational, a derivatives protocol on the Arbitrum ecosystem, has launched its Swaps market, initially featuring markets for Gold (XAU) and the Nasdaq 100 Index (US100). Swaps provide exposure to underlying assets similar to perpetual contracts, but differ in liquidity sources and holding costs: the cost of holding Swaps is based on USD borrowing interest rates, with long positions currently paying an annualized rate of 4% to 6% and short positions earning an annualized rate of 2% to 3%, replacing the more volatile funding rates. The Swaps market charges zero trading fees throughout. The initial open interest limit is approximately $10 million per market, with the team planning to increase this limit to over $50 million within the coming days. The initial protocol supports open interest scales exceeding $1 billion. The team stated that over the coming months, they will continue to raise limits, launch additional Swaps and perpetual markets, introduce a trading API, and work toward achieving 24/7 liquidity.