Variational Announces $1.5 Million Strategic Round and Launches Referral Program

June 4, 2025 – George Town, Cayman Islands

Variational powers Omni, a platform that allows users to trade perpetual futures on hundreds of markets with zero fees.

Variational, a protocol for peer-to-peer derivatives trading on Arbitrum, announced today that it has raised $1.5 million in strategic funding from Mirana Ventures, Caladan, Zoku Ventures (formerly Superpotion) and other key partners.

This follows Variational’s September 2024 announcement of their $10.3 million seed round and launch of the Omni mainnet private beta.

Omni is a perps trading platform built on the Variational Protocol that supports hundreds of markets with zero trading fees and tight spreads.

Omni does not use orderbooks, instead relying on request-for-quote infrastructure and its own vertically integrated market maker called the Omni Liquidity Provider (OLP).

Lucas V. Schuermann, founder and CEO of Variational, said,

“Our goal with this strategic round was to align additional partners who can help supercharge Variational’s long-term growth.

“Whether it’s market makers able to assist with OLP or well-connected teams able to help introduce Omni to traders, each participant in this round will directly contribute to our success.”

Since launching the Omni private beta last January, Variational has announced that Omni will permanently have zero fees, onboarded thousands of waitlisted users, processed over $100 million in volume and achieved an 87% annualized yield for the soon-to-be-public OLP vault.

Today, Variational is taking the next step in opening up the Omni private beta by releasing the first iteration of its referral program – allowing users to invite their friends to Omni.

Max Bibeau, head of growth at Variational, said,

“Building a strong organic community around Variational has always been one of our primary goals.

“Launching the first version of our referral program will allow Omni to grow our core community through word-of-mouth, while also giving our earliest supporters an opportunity to be rewarded.”

Omni’s referral program launches today – users unlock a referral code after hitting a volume threshold and gain the ability to refer additional users based on volume traded.

These codes can then be used to invite users to Omni’s private beta – currently the only way to gain access.

While Variational has committed to incentivizing referrals, details will be shared in the future when rewards claims are live.

The Variational team’s…