DeFi Prime Broker 'Project Zero' Aims to Unify Solana Capital
A new DeFi-native prime broker called Project Zero is being built to unify margin and collateral across fragmented DeFi venues, including Solana protocols like Jupiter and Drift. Founder MacBrennan Peet explained the goal is to create a permissionless, open-access system where assets on one platform can be used as collateral on another. The project aims to solve capital fragmentation for users with assets scattered across multiple protocols.
- Project Zero founder MacBrennan Peet also co-founded the popular Solana lending protocol marginfi and MRGN Research. - A token launch is planned for the first quarter of 2026; the team has stated it will not be a "low float/high FDV" model, with governance discussions kicking off in October 2025. - A new product, "Project Zero Pay," is scheduled to launch in January 2026, which will allow users to borrow against their DeFi collateral to pay real-world credit card bills without selling assets. - The protocol is backed by notable investors including Pantera Capital, Multicoin Capital, and Solana Ventures. - As of a December 2025 announcement at the Solana Breakpoint conference, the platform had attracted approximately $300 million in assets. - The system's proprietary risk engine is named "Brutus"; it currently supports spot assets and is slated for an upgrade to handle derivatives risk systems in 2026. - The unified account structure is designed to enable complex, capital-efficient strategies like delta-neutral positions and multi-venue cash-and-carry trades, which protect traders from being liquidated on one venue if they hold an offsetting position on another. - Following initial integrations, the roadmap includes adding Drift support in January 2026 and Jupiter Lend in the first half of Q1 2026.
