Introduction

Last updated 4 months ago

Introduction

The Symmio Protocol - a trustless clearing house for derivatives.

Symmio is a trustless hybrid (combining on and offchain) clearing house acting as communication, settlement & clearing layer for permissionless derivatives. At its core, Symmio is an intent-centric, meta-derivatives engine, with its first use case being a new type of hyper-efficient perps trading technology.

Symmio explained for different demographics

For Crypto Natives:

Symmio is to Derivatives, what Celestia is for Rollups.

Celestia and Eigenlayer enable Rollups as a Service (RaaS) Symmio offers “Derivatives as a Service” (DaaS)

DaaS can be used by exchanges or "Subnets" to create a derivatives trading protocol without any technical implementation work or liquidity onboarding; Symmio and its partners take care of everything. Several 3rd parties are already running their own exchanges using our DaaS (https://intentx.io, https://based.markets, https://thena.fi, https://morphex.trade) on several blockchains, including on BNB.

We are currently generating $1 Billion in monthly volume with over $10 Billion in total volume (source: ) .

Symmio takes a settlement fee from all subnets that settle on Symmio. The fees generated from settlement flow 100% back to SYMM stakers.

In this open ecosystem, actors (integration partners (protocol/exchanges), liquidity providers (MMs), oracles, clearing operators and traders) can collaborate and compete for the best prices and solutions, driving feature innovation and cost efficiency.

For the nerds: The term Symmio stands for "Symmetrical Input & Output"

In , input/output (I/O, i/o, or informally io or IO) is the communication between an information processing system, such as a , and the outside world, such as another computer system, peripherals, or a human operator. In Symmio, the SYMM in SYMM-IO stands for the Symmetrical nature of the derivatives, bilaterally cleared with all parties existing only in symmetrical form, as all trading parties being a symmetrical counterpart to each other, the IO in SYMM-IO protocol describes the OTC-Derivatives communication & clearing layer between:

Exchanges (Frontends) (like ),

Solving for Symmio (like ),

Network (Liquidators or simply MEV researcher),

(like or ) &

SYMMIO CORE v0.82 the "Symmetrical" or Bilateral Settlement Contract (like the Symmiio core deployed on a State machine like Ethereum).

Symmio itself is not only the contracts that live ontop of a State machine, Symmio is the Input and Output protocol that defines the rules how these diverse set of players should interact with each other, implemented as trustless as possible, with the goal to replace the existing traditional Derivatives status quo, like , which rely on enforcability by Law and replace it through a Mathematical and Economically based protocol that enforces through code.

Vires in Numeris.

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