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2 min
Published on
August 11, 2025
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Clearing Isn’t a Feature. It’s the Market Itself

Most protocols think clearing is a back office task. That’s why they trade like toys.

Execution is surface-level.

Liquidity is rented.

Incentives are temporary.

But clearing?

Clearing is what makes the market real.

Without clearing, you don’t have risk. Without risk, you don’t have price. Without price, you don’t have a market.

Most on-chain venues still treat clearing like a post-trade function

something to handle after the transaction.

A formality.

That’s why they break under pressure.

What Actually Makes a Market Work

  • Margin logic that reflects strategy
  • Risk management that adapts in real time
  • Offset recognition for structured portfolios
  • Liquidation paths that don’t spiral
  • Price formation that reacts to real flow

You can’t bolt this on later.

You either clear intelligently — or you don’t trade at scale.

Why DeFi Keeps Misunderstanding the Point

Every protocol is racing to list more markets.

But without a clearing layer that prices portfolio risk, manages margin offsets,

and handles stress — you’re not scaling liquidity.

You’re multiplying liabilities.

DeFi’s obsession with volume hides the truth:

If the system can’t clear, the volume doesn’t matter.

Jetstream Puts Clearing at the Core

Jetstream isn’t a frontend with clearing attached.

It’s a clearing engine with execution built around it.

  • Margin calculated across your full book
  • Capital deployed with precision
  • Risk evaluated dynamically
  • Structured trades netted by design
  • Execution routes transparent by default

You don’t just execute.

You clear with clarity.

Bottom Line

Clearing isn’t a feature.

It’s the market.

If your venue doesn’t lead with clearing logic,

you’re trading in a simulation — not a system.

Jetstream is the first DeFi trading venue where the clearing layer is the product.