Variational Protocol
Series A Round
Past
TBA - TBA
Variational Protocol is a decentralized infrastructure for peer-to-peer trading, clearing, and settlement of customizable derivatives such as perpetual futures, options, and more on Arbitrum. Its flagship application Omni delivers zero-fee perps trading by aggregating liquidity, and the project is now expanding into real-world assets (RWAs). The $VAR token is positioned for governance and protocol value capture, including buybacks, burns, and community allocations.
On May 20, 2026, Variational announced a $50 million Series A funding round led by Dragonfly Capital with participation from Bain Capital Crypto and Coinbase Ventures. The capital will accelerate the public rollout of Omni and scale RWA offerings by routing TradFi liquidity on-chain.
Variational Protocol - Series A Round Overview
Variational Protocol - Series A Round Round Result
Variational Protocol - Series A Round Funds and Backers
Submit| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| Very High | 1.52x | 85 | ||
| Very High | 1.35x | 37 | ||
| N/A | 0.14x | 10 |
