Variational announced the completion of a $1.5 million strategic financing and the launch of a growth plan.

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1 day ago

Variational is a peer-to-peer trading protocol for perpetual futures and general derivatives.

Variational provides technical support for Omni, a platform that allows users to trade perpetual futures across hundreds of markets with zero fees. Variational is a peer-to-peer derivatives trading protocol based on Arbitrum, and today it announced that it has raised $1.5 million in strategic funding from Mirana Ventures, Caladan, Zoku Ventures (formerly Superpotion), and other key partners. This follows Variational's $10.3 million seed round funding announced last September and the launch of the private testnet for Omni.

Omni is a perpetual futures trading platform based on the Variational protocol, supporting zero trading fees and tight spreads across hundreds of markets. Omni does not use an order book but relies on a request-for-quote infrastructure and vertically integrated market makers known as Omni Liquidity Providers (OLP).

Lucas V. Schuermann, founder and CEO of Variational, stated, "The goal of this strategic funding is to align with partners who can help Variational grow in the long term. Whether it's market makers who can assist OLPs or high-profile teams that can help introduce Omni to traders, every participant in this round will directly contribute to our success."

Since the launch of the Omni private testnet last January, Variational has announced that Omni will permanently have no fees, has welcomed thousands of waiting users, processed over $100 million in trading volume, and achieved an annualized return of 87% for the upcoming OLP treasury. Today, Variational took the next step in opening the Omni private testnet by launching the first version of a referral program, allowing users to invite their friends to join Omni.

Max Bibeau, head of growth at Variational, said, "Building a strong organic community around Variational has always been one of our main goals. The launch of the first version of the referral program will allow Omni to expand our core community through word of mouth while also giving our earliest supporters a chance to earn rewards."

Omni's referral program officially launched today: users unlock referral codes after reaching a trading volume threshold and gain the ability to invite other users based on their trading volume. These codes can be used to invite users to join the Omni private testnet—the only way to gain access at this time. While Variational commits to incentivizing referrals, details will be shared in the future, and a complete announcement from the Variational team will be available on their blog when the reward application goes live.

John Gu, co-founder and CEO of Caladan, stated, "Variational's unique market design provides differentiated pricing for different types of liquidity. As a result, retail traders will see better prices and a wider range of products, rather than implicitly bearing the costs of high-frequency trading flows in order book markets. We are excited to see retail traders take advantage of zero fees and tight pricing, along with a rich selection of tokens."

Variational's roadmap for the remainder of 2025 includes implementing loss reimbursement and other novel reward mechanisms, launching the public mainnet for Omni, announcing mainnet incentives, and opening the OLP treasury for community deposits. Users can track progress on Variational's X account. Users interested in obtaining a referral code to access the private testnet can join the Variational Discord.

About Variational

Variational is a peer-to-peer trading protocol for perpetual futures and general derivatives. Variational automates the entire process of trading and settlement to enable secure bilateral trading, including options, futures, and perpetual futures. The Variational protocol powers Omni, a zero-fee perpetual futures trading platform that supports hundreds of markets, many of which have no other listings.

Variational is built by a seasoned team with decades of experience in market making and software engineering, supported by Coinbase Ventures, Bain Capital Crypto, Dragonfly, and others.

For more information, users can visit https://variational.io.

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