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Variational, a protocol enabling leveraged peer-to-peer trading for customizable crypto derivatives, announced Wednesday it has secured $10.3 million in seed funding. The round was co-led by Bain Capital Crypto and Peak XV Partners (FKA Sequoia India) with support from Coinbase Ventures, Dragonfly Capital, North Island Ventures, HackVC, Brevan Howard, and many other VCs, angel investors, and industry leaders.