DeFi Derivatives Protocol Variational Raises $50 Million Series A Led by Dragonfly Decentralized derivatives trading protocol Variational has raised $50 million in a Series A round led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures.
The project aims to aggregate liquidity from major crypto exchanges and traditional financial market makers through a blockchain-based platform, supporting trading of real-world assets such as oil and commodities
Bain Capital Crypto previously led Variational’s $10.3 million seed round in 2021. — link