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Variational Protocol is a permissionless derivatives protocol using bilateral settlement pools and configurable margining to offer deep liquidity and safe execution without relying on centralized listing gatekeepers. $VAR powers governance and captures protocol value through revenue-driven buybacks and burns, supporting long-term ecosystem sustainability.
On October 23rd, 2024, the project announced the successful closure of its $10.3M Seed funding round co-led by Bain Capital Crypto and Peak XV Partners, followed by participation from Coinbase Ventures, and others.