Perp DEX VariabLend Completes $50 Million Series A Financing Round, Led by Dragonfly Capital

BlockBeats News, May 20th, Perp DEX VariabLend Completes $50 Million Series A Financing, Led by Dragonfly Capital, with participation from Bain Capital Crypto and Coinbase Ventures.

VariabLend focuses on decentralized derivative trading protocols, aiming to bring traditional financial market liquidity to the blockchain instead of relying on native cryptocurrency liquidity pools. The platform aggregates liquidity from major crypto exchanges and traditional financial market makers to provide deep liquidity services for real-world assets, addressing the on-chain order book "cold start" issue.