“Convergence made the decision to integrate with Hxro Network for a variety of reasons, including composing with Hxro’s complex derivatives risk engine (also referred to as “Spandex”) to enable portfolio margining, which makes this a very compelling offering for DeFi derivatives. It enables Convergence users to be capital efficient and to participate in multi-leg strategies. For example, a use case for options/vol traders is vol arbitrage opportunities that occur across asset offerings on CeFi and DeFi. In the current market, market makers buy cheap on-chain vol and arb it vs. CeFi counterparts like Deribit. A strong capital-efficient margin risk engine like Hxro’s customized Spandex risk engine is needed to execute such trades.