Wu Blockchain has learned that the on-chain derivatives protocol Variational announced it will launch on-chain swaps products in Q3, aiming to bring traditional financial institution liquidity into the on-chain market. The protocol stated that it has signed cooperation agreements to provide over $1 billion in open interest (OI) capacity for the swaps market and has begun integrating traditional financial liquidity into perpetual contract markets for gold, silver, and WTI crude oil, narrowing related trading spreads by more than 20%. In May of this year, Variational completed a $50 million Series A funding round led by Dragonfly, with participation from Bain Capital Crypto, Coinbase Ventures, and others. https://(wublock123.com)/news/variational-onchain-derivatives-protocol-launches-onchain-swaps-q3-64106