More collateral = more possibilities, which also means more complex risk parameters. Lighter's margin model is worth a close look.

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CryptoFrontier
Lighter Launches Multi-Asset Margin With ETH Collateral
Decentralized perpetuals exchange Lighter has launched Multi-Asset Margin today, enabling traders to post non-USDC assets as collateral for perpetual trading, according to Lighter's documentation. ETH is the first supported collateral asset. Users deposit a supported asset into their margin
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