Solana’s DvP settlement program, announced by the Foundation on Oct. 6, requires both legs of any trade to be fully funded before execution can occur. The atomic exchange protects against principal delivery risk, but neither the Foundation nor the program supplies the cash or financing needed to reach that point. The system performs no netting across trades, meaning participants must source the full amount for every trade they submit. A security audit by Cantina, conducted May 21-28, covered an earlier version of the code repository. JPMorgan contributed securities settlement practice input but expressly disclaimed any role in the program’s design, development, or endorsement.
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