Description
Variational Protocol is a peer-to-peer trading protocol for on-chain derivatives covering the full trade lifecycle—booking, clearing, margin management, liquidation, and settlement. It combines on-chain smart contracts with off-chain infrastructure components including a pricing oracle, a core margin and liquidation engine, a settlement and funding rate engine, and an on-chain transaction handler. The protocol supports trading of perpetual futures, options, and custom instruments, and serves as the underlying infrastructure for applications including Omni and Pro.