TechFlow news, June 5 — According to official announcements, Variational has completed a $1.5 million strategic funding round with participation from strategic partners including Mirana, Caladan, and Zoku Ventures. The primary goal of this funding round is not capital raising, but rather onboarding partners who can support the protocol’s development, as Variational's development is primarily funded by the team's past market-making profits.
Additionally, Variational announced the expansion of Omni platform’s referral program to all users. Omni is currently in private beta, where new users can only gain access via referral codes from existing users. This expansion of the referral program will enable more users to join the Omni platform on Arbitrum.
