Defx Docs
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  • About Defx
  • Defx Platform Overview
    • Self-Custodial
    • Central-Limit Order Book (CLOB)
    • APIs & Webhooks
  • Defx Product Docs
    • Orders
    • Margin
    • Liquidation
    • Insurance Fund
    • Auto-Deleveraging
    • Just-in-Time (JIT) Funding
    • Self Trade Prevention
    • Price Oracle
    • Fees
    • Multi-Asset Mode
      • Collateralization & Liquidation Ratios
      • Liquidation in Multi-Asset Mode
    • Glossary
  • Defx Smart Contracts
  • Contract Specifications
  • Defx Developer Hub
    • REST APIs Documentation
      • REST API Postman Collection
    • WebSocket Documentation
      • User Data Streams (Closed Socket)
      • MarketFeed Streams (Open Socket)
  • Referrals
  • Points
  • Using our Testnet
  • Audits
  • Risks
  • Restricted Territories
  • Terms & Conditions
  • Features
    • Trade Smarter: How Defx's Multi-Asset Collateral System Transforms Crypto Trading
    • sUSDe support
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On this page
  • Keep Your Tokens, Access Trading Power
  • Double-Duty Assets: Earn Yield While Trading
  • Multi-Chain Flexibility for Modern Portfolios
  • How It Works: Smart Collateralization
  • Superior Capital Efficiency
  • Getting Started Is Simple
  • Why This Matters
  1. Features

Trade Smarter: How Defx's Multi-Asset Collateral System Transforms Crypto Trading

Defx has launched a groundbreaking feature that's changing how crypto traders can utilize their existing assets. With Multi-Asset Mode, you can now trade USDC-margined perpetual contracts using virtually any supported token as collateral—without converting your valuable holdings.

Keep Your Tokens, Access Trading Power

The core innovation is simple yet powerful: use your existing crypto assets as direct trading collateral while maintaining your investment positions. This eliminates the traditional requirement to convert your tokens to USDC before trading on perpetual markets.

For holders of tokens like stETH, sUSDe, wBTC, JitoSOL and others, this means you can now:

  • Trade without sacrificing your positions in the assets you believe in

  • Maintain exposure to your preferred tokens' price movements

  • Access leverage while keeping your original investment strategy intact

Double-Duty Assets: Earn Yield While Trading

Perhaps most exciting is Defx's support for yield-bearing tokens like sUSDe. As highlighted in our documentation:

"You can now use your sUSDe as collateral on Defx while continuing to earn approximately 5% APY on your underlying staked assets."

This means your capital works twice as hard:

  • Earning yield from staking

  • Backing your trading positions simultaneously

For example, with sUSDe (which has a collateralization ratio of 0.8), your deposited tokens continue generating ~5% APY while providing effective margin for perpetual trading.

Multi-Chain Flexibility for Modern Portfolios

Defx's Multi-Asset Mode supports tokens from multiple blockchain networks including:

  • Ethereum

  • Arbitrum

  • Solana

  • Berachain

This cross-chain compatibility allows seamless management of diverse portfolios regardless of the originating network.

How It Works: Smart Collateralization

The system calculates each asset's USD value by applying its designated collateralization ratio (CR) to the current index price (sourced from Pyth oracle):

Effective USD Margin = Asset Quantity × Index Price × Collateralization Ratio

Different assets have varying collateralization and liquidation ratios based on their risk profiles:

  • Stablecoins like USDT and USDC: 1.0 CR / 1.0 LR

  • Yield tokens like sUSDe: 0.8 CR / 0.9 LR

  • Major cryptos like wETH and wBTC: 0.7 CR / 0.85 LR

Superior Capital Efficiency

Unlike traditional systems that might liquidate an individual underperforming asset, Defx uses your entire basket of deposited assets to mitigate losses. This approach minimizes the impact of any single underperforming token on your overall margin.

Getting Started Is Simple

  1. Connect your wallet to Defx

  2. Deposit your supported tokens

  3. Start trading immediately with your assets as collateral

  4. Continue earning yield on applicable tokens while trading

Why This Matters

Before Defx's Multi-Asset Mode, traders faced a painful choice: earn yield OR trade. Now you don't have to choose. Your capital never sits idle—it generates returns from both yield and trading opportunities simultaneously.

For serious traders who hold diverse crypto portfolios, this represents a fundamental shift in capital efficiency and portfolio management.

Trade smarter on Defx, where your tokens work as hard as you do.

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Last updated 1 month ago