SYMMIO (SYMM)

Pioneering automated Markets For Quotes, allowing on-chain leverage trading of any asset with hyper hyperefficient just-in-time liquidit.

Funding Round: $1.1M

Whitepaper

Onepager

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What is SYMMIO

SYMMIO introduces a method for digitalizing bilateral Over-The-Counter (OTC) derivatives in a permissionless, on-chain manner using:

• An Intent-Centric execution environment
• A peer-to-peer (P2P) bilateral escrow system for settlements
• Economically motivated MEV researchers called "Arbiters"

SYMMIO introduces the concept of symmetrical contracts, a new trading primitive for facilitating on-chain OTC derivatives trading. SYMMIO is built on intent-centric architecture. A requesting party (PartyA) and a responding party (PartyB) are matched and a trade is executed when both parties commit collateral, locking them into an isolated, symmetrical trade.

This isolation ensures that there is no system-wide risk as all losses are isolated to the trade in question. This also enables unprecedented capital efficiency. Unlike vAMMs that require idle, pooled liquidity, capital is only required to be committed when entering a trade.

SYMMIO is committed to maintaining censorship resistance of its intent-based technology, and thus, partners with 3rd-party frontends to facilitate end-user trading.