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Marginal

Marginal is a permissionless, fully onchain DeFi protocol for leveraged trading. It enables users to go long or short on tokens with onchain liquidity and provides liquidity pools with automated hedging and insurance mechanisms.
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Description

Marginal is a fully onchain, permissionless DeFi hyperstructure operated by Marginal Finance Inc. Its web application offers leveraged long and short trading, token swaps, liquidity pools, and position management. The protocol states that it supports permissionless leverage on tokens with onchain liquidity, without relying on offchain oracles, and uses physical settlement to avoid auto-deleveraging.