What it does
Variational is an onchain derivatives protocol supporting two applications. Omni provides perpetual trading across crypto and traditional markets within a cross-margined account. Its liquidity provider draws from centralized exchanges, decentralized exchanges and traditional-finance dealers.
Pro serves institutions creating customized derivatives. It automates booking, clearing and settlement, with configurable margin and liquidation rules and collateral escrowed in onchain contracts. The two applications use the protocol for different trading workflows.
Where it stands out
- Cross-margin trading across Omni markets
- Liquidity sourced from multiple venue types
- Custom derivative terms and settlement through Pro
What you can do
- 01Omni perpetuals
- 02Crypto and traditional markets
- 03Cross-margined accounts
- 04Pro institutional derivatives
- 05Onchain collateral escrow
Who’s behind it
Lucas Schuermann and Edward Yu co-founded Variational after founding Qu Capital and holding senior roles at Genesis Trading. The protocol's overview separately identifies Dragonfly Capital, Bain Capital Crypto and Coinbase Ventures as backers.
Fees & availability
Fees and costs
See the current Omni documentation.
Eligibility and availability
Restricted-person and geographic rules apply. Competition winners must complete KYC.