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.

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.