# Interviewing the CEO of Variational: A Different Model for Onchain Trading

> Perps are one of crypto’s largest markets, but still carry trade-offs around liquidity and liquidation handling.

- Source: https://castlelabs.io/research/interviewing-the-ceo-of-variational-164
- Published: 2026-08-09
- Authors: Castle Labs
- Topics: Trading, DeFi, Markets
- Publisher: Castle Labs (https://castlelabs.io)

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Perps are one of crypto’s largest markets, but still carry trade-offs around liquidity and liquidation handling.  
  

Variational uses RFQ to list more markets faster and source deeper liquidity. Now, they’re adding swaps too.  
  
Join us with [L](https://x.com/variational_lvs)ucas Schuermann, Co-Founder & CEO of Variational.