Dragonfly Leads $50M Bet On RWA Derivatives Startup Variational
Variational, an onchain derivatives protocol, raised $50M led by Dragonfly to build real-world asset perpetual markets it predicts will become DeFi's largest.
➤ Onchain derivatives protocol Variational has raised $50 million, led by Dragonfly, to build real-world asset (RWA) perpetual markets. ➤ The protocol aims to address the 'cold start' liquidity problem in onchain derivatives by enabling peer-to-peer contract settlement without deep order books. ➤ This funding round signifies strong institutional conviction in the RWA derivatives vertical as a significant growth area within DeFi.












