POPA ReconVariational Launches Onchain Gold and Nasdaq 100 Swaps
Variational Launches Onchain Gold and Nasdaq 100 Swaps Variational launched its first onchain swap markets for gold and the Nasdaq 100, sourcing liquidity directly from TradFi venues. The new XAU and US100 swaps replace the volatile funding rates of typical perps with stable carry rates tied to USD borrowing costs, giving traders more predictable holding costs. Pricing runs through an RFQ (request-for-quote) model backed by an off-chain liquidity provider, which lets Variational offer deeper books with zero trading fees. By wiring in TradFi liquidity, the launch pushes onchain derivatives p…
The excerpt is quoted from a public Telegram channel, which owns its text.