V

Variational

1 funding round

Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more. Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives

Trading

Total Raised

$50M

Funding Rounds History

Series A

Synced

May 20, 2026

$50M

Lead Investors

Dragonfly Capital

Other Investors

Coinbase Ventures
Bain Capital Crypto