0xResearch Solana's Fastest Growing DeFi App | MacBrennan Peet
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Nov 14, 2025 Join MacBrennan Peet, a DeFi builder and entrepreneur at the helm of MarginFi and Project 0, as he delves into the innovative landscape of decentralized finance. He shares insights on Project 0's mission to be a prime broker to streamline capital efficiency and tackle fragmentation. MacBrennan also discusses the rise of proprietary AMMs, their impact on market structures, and forecasts for Solana's growth. With tales of liquidity challenges and risk management, this conversation is a treasure trove for anyone interested in the future of DeFi.
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On-Chain Prime Brokerage Changes Capital Fragmentation
- Project Zero is an on-chain prime broker that unifies capital across multiple DeFi venues to reduce fragmentation and improve capital efficiency.
- Making the prime brokerage on-chain enables real-time verifiability of venue solvency and safer credit underwriting.
Validate Venues Before Underwriting Credit
- Validate integrations before offering credit and only underwrite venues with proven risk engines and security track records.
- Build integrations selectively to avoid underwriting immature venues and limit contagion risk across the credit pool.
Prioritize Spot Coverage Before Derivatives
- Project Zero will first focus on spot lending coverage on Solana then add derivatives to keep risk manageable while maturing the risk engine.
- The team prioritizes mastering spot credit risk before tackling complex derivatives and Greeks.