Your Margin Engine Is a Risk Model — Not a Feature

Every trading protocol needs real-time risk logic at its core — not bolted on as an afterthought.

Intro: Risk Isn’t a Plug-In

In much of DeFi, risk is treated like a widget:

• Build a vault
• Code a strategy
• Add “margin logic” near the end

It’s often custom. Often opaque. Often broken.

But here’s the truth:

If margin is a feature,

your protocol isn’t managing risk — it’s absorbing it.

Pascal flips that logic.

It makes risk the protocol itself — not a patch.

The Core Problem: Rules Without a Model

Most DeFi protocols still rely on:

• Static margin formulas
• Oracle-based liquidation triggers
• No netting of exposure
• Isolated PnL assumptions
• Hope that liquidators act fast

That’s not risk management.

That’s risk outsourcing — to bots, oracles, and chance.

Pascal Treats Risk Like a First-Class Engine

Pascal is a shared clearing layer for margin logic that actually works:

• Portfolio-based margin via smart contracts
• Real-time VaR enforcement
• Composable risk parameters
• On-chain liquidation triggers
• Ready-to-integrate with DEXs, vaults, and structured products

Pascal doesn’t guess or hope.

It clears risk — transparently, deterministically, and on-chain.

Why Builders and Traders Finally Trust the System

For builders:

• Inherit pre-tested risk models
• Focus on your product, not rewriting margin math
• Build faster with clearing primitives already live

For traders:

• Know exactly when and why margin moves
• Manage risk across positions, not in isolation
• Escape opaque, protocol-specific liquidation logic

Final Thought

Risk isn’t a feature. It’s the foundation.

Pascal makes that foundation solid — so your protocol doesn’t need to pretend.