I'm incredibly excited to support SOL as collateral on @PhoenixTrade: not for what it enables today, but for what it represents for the future of on-chain trading. Getting this feature to work was very technically involved: - We had to properly recognize a new collateral type on Phoenix accounts without breaking existing interfaces and integrations - We added the capability for the on-chain risk engine to value SOL for margin - We directly integrated every current (and any future) spot DEX into Phoenix to allow for atomic spot liquidations and swaps This feature only scratches the surface of what an on-chain exchange can offer when paired with a generalized asset ledger. Solana spot markets already facilitate billions of dollars of daily trading activity across a diverse selection of assets. With multicollateral support just around the corner, any asset with a liquid Solana spot market becomes a candidate for margin. Only possible on @solana