Been digging into how
@reya_xyz handles margin lately and honestly it's pretty elegant
Most platforms treat your collateral like dead weight sitting in an account
Reya actually prices it, monitors your risk continuously, makes you implicitly pay for the exposure you're taking on
What that does is filter out the casino leverage plays without outright banning them
You end up with cleaner orderbooks, less garbage positioning, volume that actually matters
It's not flashy but that's the point
When margin becomes an actively managed resource instead of passive collateral, the whole market structure just behaves better