Edward Yu – Bringing OTC On-Chain and the VariationalOMNI Perp Dex (S7E18)

Corey Hoffstein speaks with Edward Yu about his journey from the early days of crypto OTC markets to co-founding Variational. Edward shares insights into the evolution of crypto trading, the challenges of pricing in OTC markets, and the importance of understanding client relationships. They discuss Variational's mission to bring the OTC derivatives market on-chain by introducing programmable primitives. Edward explains OMNI, a decentralized perpetual futures exchange, and its unique RFQ structure designed to provide deep liquidity. The conversation also covers risk management, competition among crypto exchanges, and the balance between decentralization and user experience in protocol design.