Oct 23, 04:25 PM

Variational Raises $10.3 Million for Arbitrum-Based Derivatives Trading Platform, Launches $2,000 Prize Competition

Variational, a crypto derivatives trading protocol built on the Arbitrum network, has successfully raised $10.3 million in seed funding. The funding round was led by Bain Capital Crypto and Peak XV Partners, formerly known as Sequoia India, with additional support from CB Ventures, DragonFly Capital, Hack VC, and others. Variational aims to develop a next-generation derivatives trading platform that offers deep liquidity for a wide range of assets. In conjunction with the funding announcement, Variational also launched the Omni Testnet Trading Competition, which features a total of $2,000 in prizes and allocates 50% of its tokens to the community. The $VAR token is expected to launch in late 2024, further enhancing the platform's offerings.

#Variational #Arbitrum #Bain Capital Crypto #Peak XV Partners #Sequoia India #CB Ventures #DragonFly Capital #Hack VC #Omni Testnet Trading Competition

Written with ChatGPT (GPT-4o mini).

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