Project 0 Upgrades Add PT Tokens and Multi-Venue Collateral

Steady attention without excessive speculation.

Background on Project 0 and Unified Margin Infrastructure

Project 0 is a Solana-based DeFi prime broker that allows users to manage a unified portfolio across multiple protocols. The platform enables borrowing, lending, and trading positions to be managed as a single margin account rather than separate fragmented balances.

The protocol integrates with platforms such as Kamino, Drift, and Jupiter, allowing users to deploy capital across venues while sharing collateral and risk management. Its architecture focuses on unified credit, cross-protocol leverage, and one-click strategy execution.

The platform rebranded from marginfi in 2025 and has since expanded into a broader prime brokerage model covering a significant share of Solana’s lending total value locked.

Project 0 Upgrades Add PT Tokens as Collateral

Project 0 upgrades include support for Pendle PT tokens as fixed-yield collateral within the unified margin system. These tokens represent tokenized yield positions that can now be used alongside native assets across supported venues.

The addition allows users to improve account health and margin efficiency while maintaining exposure to yield-generating strategies. PT tokens can be used to support borrowing and trading activity across Project 0 and integrated platforms. This feature introduces a new category of collateral that combines yield generation with credit utility.

Project 0 Upgrades Introduce Multi-Venue Collateral and LST Support

Project 0 upgrades expand collateral options to include new liquid staking tokens and venue-native assets across Drift and Kamino. These assets can be deployed across multiple venues within a single unified margin account.

The integration allows users to capture yield spreads between lending rates and borrowing costs across platforms. By combining collateral sources, users can optimize capital deployment without moving assets between protocols. The change reflects growing demand for composable collateral that can be used across DeFi ecosystems.

Upgrade Expands Strategy Tools and Flashloan Swaps

Project 0 upgrades introduce new strategy tools that allow users to adjust collateral or debt positions without closing existing trades. Flashloan-based swaps enable users to shift into higher-yield collateral or refinance debt at lower rates.

These tools are designed to reduce friction in managing leveraged positions and allow more active risk management. The system supports mid-position adjustments within unified margin accounts. The update builds on Project 0’s existing one-click strategies for looping and leveraged yield generation.