The startup is seeking to set itself apart from Hyperliquid by sourcing liquidity from traditional providers.

The startup is seeking to set itself apart from Hyperliquid by sourcing liquidity from traditional providers.

Variational is positioning itself as a retail-friendly brokerage via its in-development Omni app, which will offer "zero-fee" trading.

Variational raises $50M in a Series A led by Dragonfly Capital to build a peer-to-peer derivatives clearing layer and zero-fee retail trading app called Omni.