Coinbase-backed Variational just airdropped 3 million points. Points will be distributed weekly for three quarters. TGE scheduled for Q3 2026. Still considered early stage, worth participating. After Lighter and EdgeX issued tokens, this is probably the best unissued Perp. Currently, a new funding round led by Dragonfly with tens of millions in USD raised. Not announced yet, but once it’s out, it’s likely to skyrocket.