Marginal is a decentralized exchange offering permissionless spot and perpetual trading with leverage, leveraging Uniswap V3 Oracles for asset management. The protocol operates similarly to overcollateralized short-selling, with interest payments determined by perpetual funding rates. Marginal aims to democratize leveraged trading through an Automated Market Maker (AMM), emphasizing the creation of DeFi Hyperstructures and expanding on-chain derivatives.