After raising a round and quickly assembling a founding team, we are focused on making marginfi the primary cross-margining engine for all of Solana DeFi. The core team is working closely with its 4 strategic investors — Multicoin, Pantera, Sino Global Capital and Solana Ventures — to build ecosystem partnerships, cross-chain relationships, governance & tokenomics, and general composability across products.
We are rapidly approaching our devnet launch to give traders the power to unify the underlying positions they’re in across Solana DeFi. For example, from a single marginfi account, traders can manage a long perpetual position on Drift with a short options position on Zeta plus a futures position on Hxro Network. This infrastructure opens up new opportunities to build more complex, structured portfolios with globalized risk safeguards. Traders have a single interface to execute on strategies and maximize capital efficiency.
As a team building at the center of Solana DeFi, mrgn labs is launching initiatives that will continue to build out the trading experience for retail and institutional traders alike. One of the team’s first initiatives is Fedaykin — built for elite traders actively trading cross-chain. Initial applications are now open to join.
At mrgn labs, we fully believe 2022 will be the year of Solana, the year of on-chain derivatives, and the year of composability. Our team is focused on building optimized infrastructure for this movement, enabling faster flywheels and greater capital flows across the ecosystem. Decentralized cross-margining is a challenging problem, but we’ve put together a shrewd team with backgrounds ranging from TradFi and DeFi to robotics and healthtech to solve it. We’re working closely with traders to bring higher volume and deeper liquidity to the Solana ecosystem, and we believe this starts by onboarding large capital bases like institutions.
We mentioned 2022 will be the year of composability. If you’ve been on crypto twitter lately, you might have already seen this trend gaining steam. Composability simply means having the freedom to combine different parts of your financial life, creating a custom portfolio that puts you in the driver’s seat. At marginfi, we simplify composability through a single interface where you can manage everything. Putting things on a single, open blockchain is what makes DeFi amazing — it’s also what makes it hyper-composable. This is what we’re building for.
To learn more about marginfi, click here. To sign up for Fedaykin updates, click here.
