Spark's institutional level CeDeFi cross platform margin feels like it's tailor-made for Lihua. Assuming you're a hedge fund and want to earn risk-free funding rates and staking returns, you need to borrow money on the chain to buy spot goods and open short orders on the exchange. However, the problem is that the capital utilization rate is too poor. On chain only recognizes 100% spot collateral, while the exchange only recognizes short order margin. Because there is no interoperability between on chain and off chain, you cannot offset the risk, and ultimately you have to pay double the margin. Spark Prime can scan all your positions on the chain, on exchanges, and in custodial accounts at the same time, calculate and collect margin based on real net risk, and open larger positions with less capital, thus increasing the utilization of funds. However, the problem arises, isn't this more risky? On the contrary, this approach actually reduces the overall risk, because if you are doing basis trading with the same position, Spark Prime margin will be closer to the actual money you may lose. Although less margin leads to a thinner buffer, the saved margin can be used as an additional cash buffer because the risk itself has already been hedged. In traditional lending operations, because all platforms are isolated from each other and cannot identify hedging risks, you need to pay margin far exceeding the actual risk on any platform, and all funds are locked up, resulting in one-sided waste. However, once a risk occurs, there is no cash buffer left. For example, during the Spring Festival travel rush, if you want to grab tickets to go home, you need to grab tickets on multiple apps and pay the corresponding deposit for payment after grabbing them. For you, just one app is enough to grab tickets, but because the apps are not interconnected, you need to pay multiple deposit fees, and these apps may grab several tickets for you at the same time. However, if these apps are interconnected, you only need to pay one deposit and let them grab tickets. Whoever grabs the ticket will receive the deposit, and the others will automatically stop grabbing tickets. So you don't have to pay the deposit for several tickets at once, nor do you have to keep an eye on the apps all day long for fear of having to grab more tickets for you. Step back. Spark Prime achieves position recognition and unified risk management across multiple platforms through deep integration with Arkis. Users authorize Arkis to access their CEX and DEX such as Binance, OKX, Bybit, Hyperliquid, etc. Arkis then reads their position data in real-time and aggregates it into a unified investment portfolio to identify hedging relationships and calculate the actual net risk.