Margin Trade brings fully on-chain CLOB perpetuals exchange to Solana mainnet
Margin Trade is a non-custodial perpetuals exchange built on Solana that uses a central limit order book (CLOB) rather than the AMM or oracle-vault models common in DeFi. The platform allows traders to take leveraged positions across crypto, equities, commodities, and indices from a single cross-margined USDC account, operating 24/7. Built by contributors from Solayer Labs and traditional trading backgrounds, it targets order execution of around 400 milliseconds via gRPC and REST APIs. Liquidations are triggered using a fair mark price rather than last-traded prints, with an insurance fund and on-chain auto-deleveraging as fallback mechanisms. The design aims to deliver the price transparency and tight spreads of a traditional order book while settling trades fully on-chain without bridging.
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