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Project 0

Permissionless prime broker on Solana

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Sep 11, 2025
Project 0 is live on mainnet

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About Project 0

Project 0 is a DeFi-native prime broker built on Solana, offering unified margin across multiple venues like Kamino, Drift, and Jupiter. Its core business lets users borrow against their entire portfolio without selling assets, while automated vaults use AI to optimize yield across markets. The main pain point it solves is capital inefficiency and liquidation risk when positions are scattered across isolated protocols. Over the past six months, Project 0 launched AI-powered vaults (SOL/LST and stablecoin strategies) and introduced Project 0 Pay, which allows users to pay credit card bills using portfolio liquidity. However, in April 2026, the protocol suffered a temporary halt due to a Drift exploit, leading to an average 2.61% haircut for lenders. It has since resumed operations. No reliable information on funding, roadmap, or team background is included.

Updated: Sep 4, 2026

Project 0, as an on-chain unified margin protocol, has key milestones in its development. The launch of Project 0 Pay allows users to borrow against their DeFi portfolios, bridging on-chain assets with fiat spending and marking a shift from a pure trading tool to a comprehensive financial platform. Additionally, integrating Solana ecosystem DeFi protocols to enhance liquidity expands asset coverage and trading depth, providing a stronger foundation for the unified margin system. These nodes reflect Project 0's long-term evolution toward a crypto-native prime brokerage.

Updated: Sep 4, 2026

Project 0 has made significant strides in the past six months. In February 2026, it launched AI-driven vaults for automated yield strategies, including SOL and stablecoin products. It expanded its unified margin platform by integrating Drift and Kamino, enabling cross-margin positions across major lending venues. The P0 Strategies tool was introduced, offering one-click execution for complex yield loops and collateral/debt swaps, reducing repositioning costs by 20-50 basis points. The platform added support for STKESOL and PT tokens, broadening collateral options. Looking ahead, Project 0 aims to deepen AI integration for adaptive portfolio management, expand venue coverage to over 98% of Solana lending TVL, and introduce more interest rate derivatives. The roadmap emphasizes enhancing cross-venue capital efficiency and developing more sophisticated risk management tools, positioning itself as the leading DeFi prime broker.

Updated: Sep 4, 2026

Founder: MacBrennan Peet (Twitter: https://x.com/macbrennan_cc).

He is the founder and CEO of Project 0, a DeFi-native prime broker on Solana. Previously, he co-founded marginfi and MRGN Research, and founded Temporal. He also built and sold a healthtech company and worked in traditional finance, including at Morgan Stanley. No other co-founders or core executives are confirmed from reliable sources.

Updated: Sep 4, 2026

Recent team changes at Project 0: Head of Product Adam Chambers joined in September 2025 and departed in June 2026. His Twitter handle is @chambaz, with LinkedIn profile available. This transition may influence product strategy, though the specific impact remains to be observed.

Updated: Sep 8, 2026