Why DeFi has built everything except the risk engine that actually makes it scalable.

Intro: DeFi’s Stack Is Almost Complete

We’ve built a lot in DeFi:

• AMMs
• Lending markets
• Perp DEXs
• Collateralized stablecoins
• Yield vaults
• Rollups and appchains

But the thing every market depends on —

the logic that governs margin, risk, and liquidation —

is still either missing or custom-built per protocol.

There’s a word for that: Fragile.

Without Clearing, You Just Have Apps

Clearing is the thing that makes systems scale.

It:

• Lets capital flow
• Prevents collapse under stress
• Keeps trust intact — even when prices break

Right now, DeFi has:

• Isolated margin models
• No standard liquidation behavior
• Fragmented risk logic
• Repeated reinvention of critical infrastructure
• No real-time enforcement layer

The stack looks finished — until the market moves.

Pascal: The Risk Layer DeFi Never Had

Pascal makes clearing a layer, not a feature.

It provides:

• Portfolio-based, composable margin
• Smart contract–enforced liquidation
• Shared risk engine across product verticals
• Real-time enforcement with predictable behavior
• API-first integration for builders

With Pascal, risk logic doesn’t need to be rebuilt in every product.

Why This Matters for the Whole Ecosystem

For builders:

• Launch faster with less infrastructure debt
• Integrate into an ecosystem that clears together
• Gain user trust through transparency and structure

For traders:

• Understand risk across markets
• Avoid margin fragmentation
• Know how liquidation works before it happens

Final Thought

You can build a protocol. But if it doesn’t clear — it won’t scale.

Pascal is the missing layer.

Now the stack is complete.