Why clearing isn’t just infrastructure — it’s the core layer DeFi should be built on.

Intro: You Don’t Build the Market on Top of the Risk Engine — You Build It With One

Most DeFi products treat the risk engine as a backend service.

Something to integrate.

Something to patch.

Something to explain to users only when it fails.

But in real markets, risk logic is the system.

Clearing isn’t the backend. It’s the protocol.

And Pascal makes that model possible in DeFi — for the first time.

When Risk Is Just a Module, It Fails

DeFi’s current approach to risk enforcement:

• Each protocol builds its own
• Margin logic varies per product
• Liquidation bots are external
• Capital is trapped
• Exposure can’t be netted

This creates brittle protocols and isolated users.

It doesn’t scale.

It doesn’t clear.

Pascal Embeds Risk Logic Into the Market Layer

Pascal doesn’t “add” clearing to DeFi.

It replaces the need for every product to build its own risk logic.

Instead of reinventing the wheel, Pascal becomes the road.

• Portfolio margin shared across markets
• On-chain enforcement of liquidation rules
• Modular APIs to connect products to margin infrastructure
• Real-time risk updates
• Transparent, programmable risk parameters

Risk becomes predictable, testable, and enforceable.

What This Unlocks

For builders:

• Skip risk logic entirely — inherit Pascal’s instead
• Integrate without assumptions about asset type or trading frequency
• Reduce infrastructure debt by 90%

For traders:

• Capital efficiency across markets
• Predictable behavior under stress
• No surprises from custom logic or governance tweaks

Final Thought

The market isn’t a UI. It’s a clearing engine.

Pascal puts the risk engine at the center of the protocol — where it belongs.