Category
Trading
Read time
3 min
Published on
August 18, 2025
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Stop Punishing Smart Traders — Fix the Margin Model

You hedge risk. Structure positions. Offset exposure. And you’re still posting full margin like it’s a directional YOLO.

DeFi protocols love to talk about innovation.

But most of them still margin trades like it’s 2017.

You run a delta-neutral spread?

You’re margined like a degenerate.

You ladder volatility?

They ask for collateral on every leg.

You hedge risk with structure?

They ignore it.

The more you trade like a pro, the more you get punished.

This isn’t innovation.

It’s regression in slow motion.

The Broken Logic of Most DeFi Margin Engines

Most venues apply fixed rules:

  • Isolated margin per position
  • No offset logic
  • No portfolio netting
  • Full collateral for every leg

Why? Because it’s easier.

But easier doesn’t scale.

That’s why smart traders either size down, trade less, or leave.

What Jetstream Does Differently

Jetstream doesn’t just clear orders — it clears logic.

  • Margin is calculated across your full book
  • Structured trades are recognized
  • Hedged exposure reduces your requirements
  • Offsets are priced in real time

This means:

  • Capital isn’t double-counted
  • Risk is treated as risk — not just size
  • Sophisticated trades get rewarded, not penalized

Capital That Moves Like Your Strategy

Markets evolve.

Your portfolio changes.

Your margin should reflect both.

Jetstream recalculates in real time, so:

  • Hedging is efficient
  • Sizing is fluid
  • Liquidations are fair
  • Capital is free to work harder

Bottom Line

DeFi doesn’t need another incentive scheme.

It needs a clearing layer that respects actual strategy.

Jetstream does.

We’re not here to reward noise.

We’re here to scale smart capital.