Why duplicating risk infrastructure across DeFi stalls innovation and fragments liquidity.

Intro: The Cost of Doing It Yourself

Every DeFi product comes with a hidden cost.

It’s not the audit.

It’s not the interface.

It’s the margin engine you had to write — again.

Risk logic.

Liquidation conditions.

Collateral math.

All built from scratch.

Again.

The real problem isn’t that builders do this. It’s that everyone has to.

That’s not innovation.

That’s redundancy at scale.

Why This Breaks Markets

When every protocol rolls its own risk model:

• Capital gets trapped in silos
• Margin can’t be netted
• Exposure can’t be priced across platforms
• Liquidation behavior becomes unpredictable
• Composability dies at the risk layer

Builders duplicate work.

Users shoulder the inefficiency.

And the market never scales.

Pascal: One Engine for the Entire Ecosystem

Pascal makes risk logic composable — and shared.

• Portfolio margin across product types
• Real-time smart contract liquidation
• Standardized, auditable margin enforcement
• Plug-and-play APIs for vaults, perps, options, RWAs
• Composability built at the risk layer

You don’t just stop building risk logic.

You start building on top of it.

What It Unlocks

For builders:

• Cut development cycles by half
• Focus on strategy and product — not risk enforcement
• Launch with interoperable capital efficiency from day one

For traders:

• Use capital across products
• Avoid fragmented margin
• Know how liquidation behaves ahead of time

Final Thought

DeFi doesn’t need more vaults with new logos. It needs fewer protocols building the same risk engine — alone.

Pascal clears the market —

so builders can stop duplicating it.