Today, we’re excited to share that Variational has raised $10.3 million in seed funding through a round led by Bain Capital Crypto and Peak XV Partners (FKA Sequoia India and Southeast Asia), with support from Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC, and many more.

This round marks a major milestone for Variational, and demonstrates confidence from industry leaders in our vision for a future where perps are more accessible, more liquid, and available across more markets.

Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives. By automating the entire trading and clearing process through the use of on-chain settlement pools and a low-latency pricing oracle, Variational offers safe peer-to-peer trading of perpetuals, futures, options, and more.

We’ve been building in public since the Variational Omni testnet launch in April, and have a jam-packed calendar with key milestones over the next few months:

• Variational Omni invite-only mainnet launching by EOY

• Variational Omni public mainnet in early 2025

• Omni Liquidity Provider (OLP) vault open to community deposits

• Working on listing more assets and novel markets (baskets, volatility perps, rates markets, etc.) in Q4 & 2025

• Token planned for 2025

Read the full coverage of our raise from The Block.

Today, we’re excited to share that Variational has raised $10.3 million in seed funding through a round led by Bain Capital Crypto and Peak XV Partners (FKA Sequoia India and Southeast Asia), with support from Coinbase Ventures, Dragonfly Capital, North Island Ventures, Hack VC, and many more.

This round marks a major milestone for Variational, and demonstrates confidence from industry leaders in our vision for a future where perps are more accessible, more liquid, and available across more markets.

Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives. By automating the entire trading and clearing process through the use of on-chain settlement pools and a low-latency pricing oracle, Variational offers safe peer-to-peer trading of perpetuals, futures, options, and more.

We’ve been building in public since the Variational Omni testnet launch in April, and have a jam-packed calendar with key milestones over the next few months:

• Variational Omni invite-only mainnet launching by EOY

• Variational Omni public mainnet in early 2025

• Omni Liquidity Provider (OLP) vault open to community deposits

• Working on listing more assets and novel markets (baskets, volatility perps, rates markets, etc.) in Q4 & 2025

• Token planned for 2025

Read the full coverage of our raise from The Block.