Introducing SYMMIO: Welcome to the revolution of on-chain derivatives
SYMMIO is a revolutionary protocol suite for on-chain derivatives trading, enabling hyper-efficient liquidity and true leverage trading for any asset on-chain.
What is SYMMIO?
SYMMIO is an infrastructure protocol that is pioneering automated markets for quotes (AMFQs) and revolutionizing the way on-chain derivative liquidity is accessed. Liquidity providers are not required to provide dormant liquidity, but rather the liquidity is fetched “just-in-time. “
SYMMIO blends the capital efficiency of order books with the throughput of AMMs. It is an infrastructure layer for peer-to-peer trading utilizing symmetrical agreements. Every trade is isolated, enabling unrivaled capital efficiency and eliminating system-wide risk for other participants.
Symmetry, Isolation, and Efficiency
A Symmetrical Agreement within SYMMIO constitutes a contract between two parties. Each party maintains a mirrored yet counterbalanced position to the other. Thus, one side’s gain equates to the other’s loss and vice versa. Profit and loss, solvency, and full settlement of each trade are automated and finalized within every agreement.
The SYMMIO protocol’s true power is realized in its isolation aspect. Each trade represents a self-contained instance that cannot leak any loss beyond the two participating parties, unlike more typical LP-centric models where liquidity providers take on system-wide risk.
SYMMIO enables unrivaled capital efficiency, calculated by how effectively a protocol can utilize its deposited capital. By embracing a peer-to-peer transaction structure similar to order books and adopting a delegated matchmaking process, SYMMIO is able to avoid the throughput limitations of on-chain order books.
Compared to its counterparts like GMX, Gains, and Level, SYMMIO’s capital efficiency shines by enabling true leverage within its system, while others rely on over-collateralization.
Build with SYMMIO
Adopting a strict business-to-business (B2B) approach, SYMMIO offers its infrastructure exclusively to developers and exchanges. This way, the complexities of backend development are significantly reduced. An SDK release is expected in Q3/Q4 2023 to further enhance offerings and allow developers to create their own SYMMIO DEX from scratch.
Through an iFrame or SDK, SYMMIO’s comprehensive perpetual exchange infrastructure can be effortlessly integrated into existing or newly developed exchanges. Projects can establish their perpetual and derivatives exchanges using the SYMMIO technology stack. This innovative approach prevents liquidity fragmentation often encountered in forking projects and concepts, thus significantly improving the user experience.
The first 3rd-party building on the SYMMIO tech stack is Thena, who will be launching their ALPHA perpetual engine in the coming weeks.
Join the SYMMIO Community
To experience the power of SYMMIO, users can trade on the Cloverfield, a demo frontend built on SYMMIO infra to showcase the tech and to test new features. Fill in the whitelist form here to start trading.
Learn more about SYMMIO:
Join our growing community on Discord and Telegram and be sure to follow us on Twitter to stay up to date with developments and partners building with SYMMIO.
