Cōnfīdentia (n.): Assurance, Confidence, Boldness
There is no network like the Pyth network. Pyth is unlocking the best data for equities, commodities, FX, and crypto to empower pioneers across the DeFi space. The Confidentia is your weekly tidbit of alpha from these builders — but that’s a secret between us, OK?
This week’s literal alpha: marginfi
marginfi recently announced their mainnet with live testing beginning with a private group of traders. (Invitations open). The promise? A single universal interface and omniprotocol margin engine to trade across DeFi. In other words, “one account you trade an entire ecosystem of financial markets through, on Solana and beyond”.
In volatile times like these, it’s good to have new risk management tools…
What is marginfi?
marginfi is an infrastructure layer that creates a unified DeFi trading experience. By leveraging a global margin account, positions can be cross margined against each other that are locked on different protocols. This leads to greatly improved capital efficiency on the upside and fluid risk management on the downside.
marginfi’s alpha is live on Solana and currently integrates the largest perpetual future venues on the chain. We plan to expand to other financial products and chains in the near future.
marginfi x Pyth
marginfi uses Pyth indirectly through integrated trading protocols. Pyth’s price feeds keep markets up to date, and Pyth’s confidence intervals give protocols the power to design robust mechanisms that protect from third party asset or exchange issues. marginfi will use Pyth to robustly track prices for supported collateral types (even USDC and other stablecoins!) as well as additional data points that may be integrated into marginfi’s lending and risk architecture.
marginfi on Mainnet (Alpha)! How can people try it out?
We are looking for early testers from all around the ecosystem. Whether you bought SOL this week or run a hedge fund, we believe the infrastructure we’ve built can provide you value. We are specifically interested in people running their own algorithmic strats or discretionary traders that use perp venues on Solana.