๐ Variational has just secured $10.30M in its latest funding round! ๐
๐นAbout: Variational project launched in 2021, focusing on enabling peer-to-peer trading of customizable crypto derivatives. Built on the Ethereum Layer 2 network Arbitrum, Variational aims to streamline and decentralize crypto exchanges by automating the entire trading and clearing process. The project's first application, Omni, is a retail-focused platform designed for seamless trading of permissionless perpetual futures. Variational recently secured $10.3 million in seed funding, led by Bain Capital Crypto and Peak XV Partners (formerly Sequoia India), to expand its offerings and enhance decentralization. The project is led by co-founders Lucas V. Schuermann and Edward Yu, both of whom have extensive experience in crypto derivatives.๐๐
๐น Lead Investors: Coinbase Ventures, DragonFly Capital, Bain Capital Crypto and many more.
๐น Total Raised: $10.30M.
๐น Project Category: DeFi, Perpetual Exchange.
๐If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha ๐ฆ๐๐ป
