coin-img-BTCBTC-0.30%coin-img-ETHETH+0.16%coin-img-SOLSOL-1.73%coin-img-XRPXRP-1.28%coin-img-USDCUSDC-0.01%coin-img-TRXTRX+0.15%coin-img-HYPEHYPE+0.74%coin-img-LABLAB-38.53%coin-img-BTCBTC-0.30%coin-img-ETHETH+0.16%coin-img-SOLSOL-1.73%coin-img-XRPXRP-1.28%coin-img-USDCUSDC-0.01%coin-img-TRXTRX+0.15%coin-img-HYPEHYPE+0.74%coin-img-LABLAB-38.53%coin-img-BTCBTC-0.30%coin-img-ETHETH+0.16%coin-img-SOLSOL-1.73%coin-img-XRPXRP-1.28%coin-img-USDCUSDC-0.01%coin-img-TRXTRX+0.15%coin-img-HYPEHYPE+0.74%coin-img-LABLAB-38.53%coin-img-BTCBTC-0.30%coin-img-ETHETH+0.16%coin-img-SOLSOL-1.73%coin-img-XRPXRP-1.28%coin-img-USDCUSDC-0.01%coin-img-TRXTRX+0.15%coin-img-HYPEHYPE+0.74%coin-img-LABLAB-38.53%

Phoenix Trade to add SOL and other tokens as collateral for perpetuals positions

AI Market Summary
Phoenix Trade plans to enable SOL and other tokens as perp collateral, reducing USDC conversion friction and improving capital efficiency for Solana-native traders. Spot collateral can deepen onchain perp liquidity, support spot-perp basis strategies with less manual rebalancing, and increase venue stickiness for users trading both spot and derivatives. If executed, the upgrade strengthens Solana DeFi composability and may lift activity across SOL-linked markets.
Impact level
● Medium
Affected assets
SOL/USDT-1.66%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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Phoenix Trade said it will roll out support for posting SOL and other tokens as collateral for perpetuals trading, allowing Solana users to margin positions with native assets instead of relying only on USDC. The feature is designed to take advantage of Phoenix’s fully onchain architecture to enable capital reuse across spot and derivatives. It also aims to reduce asset-conversion friction and improve capital efficiency, including for long-spot/short-perp basis strategies. The company said Phoenix is among a small set of fully onchain perpetuals venues on Solana that support this model.
SOL
SOL-1.74%
USDC
USDC-0.01%
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DeFi

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