Bringing Tradfi Liquidity On-Chain w/ Lucas V. Schuermann

Lucas V. Schuermann, Co-Founder of Variational, joins us to talk about building a high-performance crypto brokerage model on Arbitrum. Lucas explains how Variational routes execution to TradFi venues, eliminates external market maker extraction through its in-house LP, introduces flat-rate swaps to fix funding rate volatility, and builds isolated smart contracts to protect user capital.

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## Notes:

* Variational sees $1B daily volume on platform.

* Platform holds $1.4B in total open interest.

* Swaps feature a flat carry cost around 4% to 5%.

* LP takes the other side of 100% of platform trades.

Timestamps:

00:00 Start

00:46 Lucas' background

03:20 Hedgefund strategies