Introduction: The Hidden Weakness in DeFi

DeFi prides itself on transparency and decentralization. But behind the glossy dashboards, one critical function is still missing: real-time, on-chain clearing.

Without clearing, protocols reinvent risk logic in silos. Some over-collateralize to stay safe. Others cut corners and create systemic fragility. Either way, the result is inefficiency.

Pascal Protocol is here to change that.

Why Clearing Matters

In traditional finance (TradFi), clearing houses sit at the center of every trade. They don’t just move collateral; they manage risk. By netting exposures and enforcing margin rules, clearing houses keep markets liquid and safe.

DeFi, by contrast, has fragmented or absent clearing. This leads to:

• Over-collateralization — locking up 150–200% of capital.
• Inefficient use of margin — every venue demands its own reserves.
• Systemic risks — no cross-venue offsets, so liquidations cascade.

If DeFi wants to scale, it needs a universal clearing layer.

Pascal’s Solution: Clearing as Code

Pascal Protocol is the first modular clearing engine built on-chain.

• Portfolio Netting: offset risk across multiple positions and venues.
• VaR-based Margining: dynamic margin requirements that reflect real exposure.
• Transparent Logic: settlement and liquidation visible to all, enforced by code.
• Composable Infrastructure: DAOs, exchanges, and structured products can all plug in.

Pascal doesn’t just clear trades — it clears portfolios.

Proof of Adoption

Pascal isn’t a concept. It’s live and running today:

• Jetstream — a futures DEX already clearing every trade through Pascal.
• Treehouse Collaboration — testing smart clearing for decentralized rate products.
• Arbitrum Orbit Migration — institutional-grade scalability now in production.

On-chain clearing is no longer theory. It’s real.

The Role of $PASC

Infrastructure only matters when users can own it. That’s the purpose of the $PASC token.

• Staking Yields: 15–35% APY depending on term.
• Jetstream Points: earned alongside staking, convertible to JETS at Jetstream’s TGE.
• Fee Sharing: 20% of Pascal fees distributed in USDC to stakers.
• Supply Sink: staking reduces circulating supply, supporting long-term stability.

Owning $PASC means holding a share in DeFi’s clearing backbone.

TGE in September

The $PASC Token Generation Event is scheduled for early September.

• IDO Venue: Uniswap (permissionless, transparent).
• Initial Unlock: ~13% of supply with vesting to smooth selling pressure.
• Liquidity Incentives: concentrated pools + LP rewards to deepen markets.

This isn’t just a launch. It’s the first time the community can own the infrastructure layer of DeFi.

Conclusion

Clearing is invisible until it fails. TradFi solved it decades ago. DeFi hasn’t — and it shows.

Pascal Protocol brings clearing on-chain, making DeFi safer, more efficient, and truly scalable. With Jetstream live, partnerships expanding, and $PASC launching in September, the foundation is set.

DeFi’s next chapter is infrastructure. Clearing is the core.

Pascal is delivering it.