Margarita Finance

Margarita Finance is an AIxDeFi protocol built on Solana that packages institutional-grade structured investment products on-chain through autonomous AI agents. Founded in 2024 and incubated within Obligate, an on-chain capital markets platform, it aims to replicate traditional finance structured products in permissionless form. Co-founder and CEO Matthias Wyss, a former derivatives structurer at a Tier 1 investment bank in London, designed the protocol around the insight that retail users should access the same yield customization available to private banking clients, without the fees or opacity.

Margarita Finance offers two main product lines. Yield Boosters are structured notes modeled on the Barrier Reverse Convertible. Users choose an underlying asset (SOL, BTC, or ETH), a lock-up period (one day to three months), and a target yield (up to 100% annualized). The protocol sets a protection level. At maturity, if the asset price holds above that level the user collects principal plus full yield. If it falls below, the user still earns the yield but receives the underlying asset at the entry price, effectively buying the dip. Minimum investment is 10 USDC.

The second product line, launched in February 2025, is Agentic Yieldcoins. An autonomous AI agent designs and executes institutional options strategies on-chain, packages them into monitored vaults, and tokenizes vault positions as tradeable yield-bearing tokens. The flagship SOL20 targets approximately 20% APY. Margarita Finance subsequently expanded to NEAR20 on RHEA Finance, demonstrating that any L1 or protocol treasury can issue native yieldcoins backed by the same infrastructure.

The protocol sits within the DeFAI category, where AI agents execute financial strategies autonomously with full on-chain verifiability. All trades are published in real time to the project X profile. The company compares this approach to the 2015 robo-advisor wave in retail finance.

In November 2024 Margarita Finance closed a 1 million USD Pre-Seed round with investors including Tomahawk.VC, NV Capital, Outrun Ventures, and the Solana Foundation, which also provided an earlier hackathon grant. The project is based in Zurich, Switzerland.

Within the Solana ecosystem Margarita Finance fills a niche that lending, LP, and liquid staking protocols do not address: quantified risk-return structured products backed by options. A parallel B2B track lets protocol treasuries and foundations mint native yieldcoins for their communities, as demonstrated by the NEAR20 deployment.