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.