Introduction

Our mission is to build the most user-friendly trading experience in crypto.

The Omni Application

Our first app is Omni, a platform for trading leveraged perps on hundreds of underlyings with zero fees.

• Zero Fees: Omni charges no fees on any orders. The only fees on the platform are a 0.1 USDC fee for each deposit or withdraw to protect against spam. This is only possible due to Omni's unique design where the Omni Liquidity Provider is the counterparty to each trade on Omni.

• Huge Variety of Listings: Omni has hundreds of markets listed on mainnet, with more added daily via our automated listing process. Omni is also able to independently list perps for exotic markets like volatility indices, interest rate swaps, and in-game items due to Omni's in-house quoting algorithms and lack of dependence on external market makers.

• Deep Liquidity: The Omni Liquidity Provider accesses liquidity from CEXs, DEXs, DeFi, and OTC channels to offer the tightest possible spreads on each listed market. Omni's RFQ-based design unlocks immediate liquidity for each newly listed asset.

• Safe Design: Each user on Omni has their own on-chain settlement pool (smart contract) that both the user and OLP deposit funds into. This design isolates risk by user, avoiding the potential for socialized losses or platform-wide contagion, even when dealing with volatile or illiquid assets. Omni also maintains a variety of risk limits to protect itself from market manipulation and toxic flow.

• Sustainable Yield: Deposits to the Omni Liquidity Provider will be open to all users, allowing them to receive yield from its market making activities on the platform. OLP is not risk free — it is a sophisticated market making strategy that can experience both gains and losses.

About Omni

The Variational Protocol

The Omni app is built on top of the Variational protocol, which is infrastructure for the peer-to-peer trading, clearing, and settlement of perpetuals and generalized derivatives. Variational automates all aspects of the trade end-to-end for safe bilateral trading of options, futures, perpetuals, and more. Omni is the first application built on top of this protocol, with many more (such as Pro) coming in the future.

Technical Overview

Development Team

Variational is built and maintained by a veteran team active in crypto algorithmic trading since 2017 with prior experience at Google, Meta (Facebook), Goldman Sachs, Etsy, Twilio, and more. All members of our core technical team each have more than a decade of experience in software engineering.

Investors

Variational is backed by industry leaders, including Bain Capital Crypto, Peak XV (formerly Sequoia India/Southeast Asia), Coinbase Ventures, Dragonfly, Hack VC, North Island Ventures, Caladan, Mirana Ventures, Zoku Ventures and more.