# Vision & Mission

### Vision

> What does the organisation aspire to become, or the impact it hopes to have?

Pascal enables a global financial system where derivatives trading is capital-efficient, trustless, and fully decentralized. Capable of competing with traditional systems.

* It aspires to become the **clearing infrastructure DeFi is built on**, doing for derivatives what Layer 1s did for value transfer (settlement & finality).
* Its impact is to **replace opaque, centralized clearing systems** with transparent, composable, and trustless logic that anyone can verify and build on.
* If successful, Pascal will enable a world where exchanges, structured product protocols, DAOs, and market makers all coordinate on a shared clearing layer, eliminating systemic opacity and bringing real capital markets on-chain.

### Mission

> What do we do to achieve the vision?

We build and maintain a decentralized clearing protocol that enables capital-efficient, risk-managed derivatives trading across DeFi. This includes:

* the core margining logic,
* risk models (e.g. VaR),
* collateral settlement flows,
* liquidation systems,
* and integration pathways for exchanges, vaults, and structured product builders.

> What does it mean in practice?

* Pascal Enables the use of our version of **real-time portfolio margining** and deterministic risk models to minimize required collateral
* Pascal Enables the handling **clearing and settlement logic** independently of execution as well as a platform template for execution.
* Pascal Offers **open governance mechanisms** to adapt to market needs without introducing centralization, to assess and manage control systems for platforms.
* Pascal Implements **risk controls and rejection logic** that mirror TradFi systems in outcomes
* Pascal Communicates a clear narrative on why clearing is important, how hard this is and how we can solve this.
* Pascal Provides leadership in crypto trading infrastructure.