Stablecoins Becoming Margin Asset of Choice A big change is coming about in BTC market structure....The vast majority of futures open interest was margined by actual BTC as collateral....positions (BTC) to cash margined positions (stablecoins)....At the same time, coin margined open interest has been trending downwards since Apr. 2021. ...

Chart of The Day: GMX Users Increase Through Integrations  GMX is a DEX and margin trading platform...Chart of The Day: GMX Users Increase Through Integrations  GMX is a DEX and margin trading platform that...

Margin traders are affected by OI skews....Cross-margin is extremely difficult to implement on-chain....Cross-margin brings much-needed capital efficiency to DeFi....Vertex Strengths: Vertex is the first cross-margin perps exchange in DeFi....Feature-wise, Vertex is only lacking isolated margin and limit orders.

Introduction  Level Finance is an oracle-based margin and spot trading decentralized exchange (DEX)...Level Finance is an oracle-based margin and spot trading decentralized exchange (DEX) that emerged following...

Aevo’s Margin System Aevo incorporates a three-part margin system that allows them to facilitate margin...The portfolio margin is derived using the sum of two other margin methods: scenario margin and floor...margin....The combined margins are then used to calculate the initial and maintenance margin of the portfolio.

While in a more dynamic market structure new entrants would erode Tether’s margins by reallocating these...For example, imagine a trader went 100x long ETH-PERP with 10k USDT as margin....If ETH suddenly gapped down 4%, there would only be enough margin to cover a 1% move....Importantly, the maintenance margin increases as the size of the derivatives position increases.

Users may loop pegged assets such as wstETH to enhance yield, or simply loop a CDP on Maker to mimic margin...Money Markets Margin vs....Contango lends margin on money markets, occasionally resulting in negative funding....The race is not quite as close as the chart suggests; Contango OI includes margin plus borrowed, and...

...throughout history can be reduced to the same fundamental characteristic: they drastically reduce the marginal...The steam engine reduced the marginal cost of power. Cars reduced the marginal cost of travel....The internet reduced the marginal cost of information sharing....And more recently, AI is increasingly lowering the marginal cost of intelligence.

There is a global position management layer on Zetachain that takes care of margin requirements, risk...For example, a user on Zetachain could post their margin to the hub contract and have positions on all...Managing margin requirements and pricing disparities is a big one....Sovryn DEX is an AMM platform for spot (CLOB), margin, and simple swap trading on RSK.

The max leverage a user can get to farm or margin trade via Aries will always be under 2x due to the...Aries was reliant on Econia’s CLOB for its spot margin trading....Aries uses a unified margin account, where collateralization is done on the account or address level....Moar has a distinct advantage over the competition for margin trading.

A native margin system enables undercollateralized and leveraged trading on Zeta....The margin system used by Zeta introduces a feature called “strategy accounts.”...Mark price serves an important role in the margin system as it is used to manage a user’s margin account...margin check.

Preventing loss, given default: Equity cushion – 70% Loan-to-Value (LTV) ratio provides a safety margin...Maker/Sky’s net asset margin business generates 6-7% while retaining strong liquidity.

The marginal cost of intelligence is heading to zero....Importantly, this is not merely a question of margins....DeWi networks can target value-conscious consumers while maintaining healthy margins....Is the supply side willing to operate the necessary infra for free or very low marginal costs because...

There are two types of margined contracts available to market participants: coin margined and stablecoin...margined....Stablecoin-margined contracts use stablecoins as collateral for these same positions....When prices start to decrease is when issues arise for coin-margined collateral.

When users swap USDT for deUSD, this will briefly cause USDT to trade at a marginal discount relative...Conversely, if users sell deUSD for USDT, deUSD would then trade at a marginal discount....especially hurt (1) those looping their deUSD exposure through money markets (2) those using deUSD as margin...

Since most searchers have less than a 10% profit margin on liquidations, incentivizing them to liquidate...Liquidators or searchers face very tight profit margins because heavy competition and they often pay...We quantify OEV and explore: - How lending protocols fail to capture OEV and why liquidator profit margins...

While blockchains may provide a marginal improvement to DTCC for existing securities, they offer a step...’s framework is a more granular framing of the numerous forces that inherently erode any business’s margins...oligopolies where they either implicitly or explicitly keep prices high enough to maintain lucrative margins...

Voltz uses a margin engine to handle liquidations and settlement....The margin engine interfaces with an oracle to track the variable interest rate over the term of the...On Voltz, a user’s margin is still locked until maturity, even if without notional exposure....In IPOR’s case, there is diminishing marginal benefit of staking additional pwIPOR, which favors small...

See, Gearbox uses futures-style margining, which means you can borrow more than you put up as collateral...Furthermore, this style of margining allows the borrower to use their loan and posted collateral to conduct...which protocols, tokens, and specific actions you can do, and that entails a whole lot more than just margin-longing...

Binance’s Cash Margined OI Back to Pre-Correction Binance’s BTC open interest took a hit with the recent...sell-off, and cash-margined positions have led to the recovery in OI....Cash margined OI recovered to pre-correction levels, while crypto margined OI is relatively flat.