According to CoinMeta, the decentralized derivatives trading protocol variational announced that it will conduct a var in the fourth quarter of 2026. 32% of the total supply will be airdropped to users in proportion to their points, and 18% of this amount will be locked into the ecosystem reserve upon TGE. The team and investors will collectively receive 50% of this amount, which will only be unlocked over a period of at least three years after being locked in for 12 months. The project also plans to use 100% of the protocol income that flows into treasury for the repurchase and destruction of var. variational has received investments from Dragonfly, Bain Capital Crypto, Coinbase Ventures, etc., with a total financing of at least approximately 50 million US dollars.