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Variational (VAR)

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Variational is a peer-to-peer trading protocol for perpetuals and generalized derivatives. It automates the end-to-end process of trading and clearing for safe bilateral trading of options, futures, perpetuals, and more.

Seed Round: $10.3M

Strategic Round: $1.5M

Variational White Paper Whitepaper

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User Rating
Medium
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Ticker
VAR
Type
Utility-token
Token standard
ERC-20
FoundedUnited States
Registration countryPanama
Registration year2024
Office addressS.A. Bella Vista, Avenida Balboa, P.H. Bay Mall Building 3rd Floor, Office 304 Panama Republic of Panama

What is Variational

Variational is a protocol that provides infrastructure for peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. The Variational Protocol enables safe and efficient bilateral trading of options, futures, perpetuals, exotics, and more.

Multiple apps have been built on the Variational Protocol, including Omni for perpetuals trading and Pro for institutions to trade customizable OTC derivatives.

Our first app is Omni, a platform for trading leveraged perps on hundreds of different underlyings with zero fees. Our mission with Omni is to build the most user-friendly trading experience in crypto.

Variational Roadmap

1
Q2 2024:
  • Fully gassless user experience
  • Omni Liquidity Provider (OLP)
  • Omni testnet launch
  • Load testing and stability/scaling improvements
  • Omni mainnet waitlist
2
Q3 2024:
  • Advanced order types: TP/SL and limits
  • Permissionless listings
  • OLP yield projections
  • Data export pages
3
Q4 2024:
  • Bad debt protection (isolated settlement pools)
  • Portfolio and market pages
  • Contract audits
  • Production load testing/scaling
4
Q1 2025:
  • Omni closed mainnet launch (invite only)
  • Limited launch of Omni referral program
5
Q2 2025
  • Leaderboard page
  • PnL card images
  • Full launch of Omni referral program
  • Configurable leverage
  • OLP statistics page
  • Funding rate calculator
6
Q3 2025:
  • Open community vault for Omni Liquidity Provider (OLP)
  • Additional novel linear markets (volatility index perps, baskets, rates perps, NFT/rune perps, and more)
  • Initial implementation of loss rakebacks
  • Later (Undated Roadmap Items):

  • Omni public mainnet launch
  • Isolated margin
  • Launch of the Omni points program
  • Launch of the $VAR token
  • Bridging/depositing different collateral (auto-convert to USDC)
  • Support for exotic derivatives and extensible (bring-your-own) oracles
  • Additional collateral types (other stables, yield-bearing assets, etc.)
  • Multi-chain support for settlement pools
  • Variational Pro mainnet launch: institutional peer-to-peer options and structured products trading

Funding Details

Funds Raised (as of now) 11,800,000 USD

Project team

Edward Yu
Edward Yu
Founder
Edward Yu linkedin-team
Lucas V. Schuermann
Lucas V. Schuermann
Founder and CEO
Lucas V. Schuermann linkedin-team
Aradhya Sharma
Aradhya Sharma
Staff Software Engineer
Aradhya Sharma linkedin-team
Herry Lesmana
Herry Lesmana
Staff Software Engineer
Herry Lesmana linkedin-team
Andrey Bulgakov
Andrey Bulgakov
Senior Software Engineer
Andrey Bulgakov linkedin-team
Andrii Iermakov
Andrii Iermakov
Senior Software Engineer
Andrii Iermakov linkedin-team
Max Bibeau
Max Bibeau
Head of Growth
Max Bibeau linkedin-team

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