Variational is an onchain peer-to-peer derivatives protocol offering perpetuals across crypto, equities, commodities and indices (500+ markets, up to 50x leverage) via its Omni platform. Backed by Dragonfly, Bain Capital Crypto, Peak XV and Coinbase Ventures, it closed a $50M Series A (~$60M raised total). A points program launched December 2025 seeds a retroactive airdrop, with 50% of the VAR supply earmarked for the community. Token still unlaunched; TGE widely expected in the second half of 2026, with no official date confirmed.

Variational[VAR]