The first equity and index perps are now live on Variational, powered by aggregated crypto-native liquidity.
Trade $TSLA, $INTC, $SOXL, $US500, and $QQQ with up to 50x leverage and zero fees.
Onchain order books face a massive cold start problem, requiring millions in subsidies to attract market makers for new assets, and it's still unclear if they will ever match TradFi liquidity.
Our RFQ model bypasses this entirely, tapping directly into existing CEX, DEX, and TradFi liquidity to list new crypto and RWAs faster and with best in class execution.
Read the full interview via @DefiLlama:
We’ve raised $50M led by @dragonfly_xyz to go all in on RWAs and bring TradFi liquidity on-chain.
Today, we're launching Phase 1 of our RWA rollout to stress-test our infrastructure before bringing 100+ TradFi markets on-chain this summer.
The bear case seems at best more chop; meanwhile, the bull case is a multi-week counter-trend rally with some fatter right tails
And when crypto broadly is on its arse after multiple months of perpetual selling, thin(er) books can create some interesting upside moves on alts
As already mentioned, long and strong, any flushes are buys imo