Clearing is a Secret Sauce
Clearing: The Invisible Engine Behind Markets
Crypto Derivatives missing entire category of infrastructure. Its volume should be 5-10x larger than they are today. The scale of clearing is difficult to comprehend.
Clearing is what happens between a trade and its settlement.
It the amount of money and assets move to the right parties, at the right time — without counterparty risk.
clearinghouses do this process. They calculate margin, net risk across positions, and handle collateral, settlement, and liquidation — so trades don’t default.
It’s invisible, but critical. It's largely missing. Without clearing, DeFi trading is overcollateralized, fragmented, and inefficient. With it, we unlock the next $35T opportunity.
Pascal is the first on-chain clearing protocol designed to bring that same infrastructure — margining, risk offset, and settlement — fully on-chain, composable, and trustless.
Want to understand clearing at its foundation? Read the Investopedia Guide
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