[Interview] ‘Everyone Should Be Trading Perps’: A Conversation With Variational Founder Lucas Schuermann

Fresh off a $50 million raise led by Dragonfly, the Goldman Sachs and Google alum explains why his platform is built like a brokerage instead of an exchange and why the real demand for on-chain markets hasnt been discovered yet. Lucas Schuermann has spent nearly a decade trading crypto without ever really owning any. He and Edward Yu the first person he met in his dorm at Columbia, and his business partner ever since launched a quantitative hedge fund straight out of college in 2016, running market-neutral strategies that profited from inefficiencies rather than price. I wish I held some…  Read more

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