“DeFi prime broker” Project 0 Launched on Solana with a unified margin

According to Coinjie.com, the Project 0 program based on Solana has become a tool that allows traders to manage all their DeFi positions in one place. DeFi has long promised to be an open alternative to Wall Street, but its popularity has been affected by the dispersed and inefficient user experience. However, this situation is slowly changing. Project 0 was launched on Solana (SOL) on Thursday, September 11, claiming to be the first DeFi native master broker. "Today's launch marks the first time users can use a unified margin to borrow against their entire portfolio in places like Kamino, Drift, and Jupiter. This removes the frustration that users are liquidated on one platform, despite having offset positions elsewhere," said MacBrennan Peet, founder of Project 0. The project will provide traders with a unified margin across multiple platforms, including Drift, Kamino and Jupiter. According to Project 0, traders will no longer have to worry about being liquidated on one platform, even if they have enough collateral on another. As liquidation risks are reduced, the platform will also reduce the over-collateral demand for margin transactions. “The cryptocurrency industry is overly focused on reinventing existing, available applications; the Project 0 team is committed to pushing the industry forward,” Peet said. In this way, the project “fundamentally revolutionized the DeFi transaction experience”, he added. In addition to making trading more capital-efficient, MacBrennan Peet, founder of Project 0, believes that the platform also has the potential to change the way traders participate in DeFi. He explains the role the main broker plays in TradFi and why mature DeFi needs them. “Main brokerage services are the basic infrastructure in traditional finance,” Peet said. “For the first time, we have equip DeFi traders with the same cross-platform portfolio management advantages that hedge funds and institutional participants have long enjoyed, fundamentally achieving fair competition,” he added.