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
Connect your wallet to Defx
Deposit your supported tokens
Start trading immediately with your assets as collateral
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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