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 $1Billion in monthly volume, currently growing on average 50% per month (source: https://analytics.symm.io) .
Symmio takes a settlement fee of all subnets which settle on Symmio, fees generated from settlement flow 100% back to future through our .
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 computing, input/output (I/O, i/o, or informally io or IO) is the communication between an information processing system, such as a computer, 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 https://intentx.io),
Liquidity Provider (like https://www.enso.finance/),
Network (Liquidators or simply MEV researcher),
(like https://muon.net or https://www.orbs.com/) &
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 ISDA Master Agreements, which rely on enforcability by Law and replace it through a Mathematical and Economically based protocol that enforces through code.
Vires in Numeris.
Learn more: Protocol Introduction
Next steps:
Try out a frontend and start trading.
Become a Symmio Liquidity Provider also called Hedger, check out the Hedger Outlook to see what is possible as Hedger.
Launch your own perpetual trading platform using Symmio
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