# What is SYMMIO? ## The Symmio Protocol - a trustless clearing house for derivatives Symmio is a trustless hybrid (combining on and off-chain) clearing house acting as communication, settlement & clearing layer for permissionless derivatives; without relying on traditional liquidity pools or order books. Instead of trading against a pool, you trade directly against professional market makers (called [**solvers**](https://docs.symm.io/getting-started/glossary-of-terms)) who lock up collateral to guarantee the trade. It's peer-to-peer derivatives, settled on-chain. {% hint style="success" %} ## 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://carbon.inc/)**,** [**https://vibe.trading/**](https://vibe.trading/)**,** [**https://thena.fi**](https://perps.thena.fi/)**)** on several blockchains, including on BNB. We are currently generating $7 Billion in monthly volume with over $40 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. {% endhint %} ## What makes SYMMIO different? * **No liquidity pools.** Trades are bilateral agreements between you and a solver. No slippage from pool mechanics, no liquidity fragmentation. * **Any asset, any direction.** Solvers can create markets for anything with a price feed — crypto, stocks, commodities, FX, even prediction markets. The protocol doesn't limit what can be traded. * **On-chain settlement, off-chain speed.** Quotes and pricing happen off-chain for speed. Settlement and collateral are fully on-chain for security. * **Permissionless.** Anyone can build a frontend. Anyone can become a solver. The protocol is the shared infrastructure underneath. ## The Gateway to OTC derivatives **S‍ymmio allows anyone to permissionlessly** issue and trade any asset **with infinite leverage, in every direction.** The only DeFi primitive this industry needs. For example through our engine solvers can create:
List of potential Assets * **Cryptocurrency Futures / Perpetuals / Options, Stocks & Equities** * **Low-Cap Perpetuals, Bonds, Yield-Swaps, Low-Cap Options** * **Forward Rate Swaps, Commodities, Volatility Indices, Real Estate Indexes** * **FX Pairs, Inflation-Protected Assets, Basket Indices** * **ETFs, Options, Carbon Credits, Weather Markets** * **Energy Contracts, Macroeconomic Indicators, Credit Default Swaps** * **NFT Floor Prices, IPO Exposure, Metaverse Land Parcels, Prediction Markets** * **Election Outcomes, Sporting Events** O**r any other asset not listed here, with any possible price function.**
{% hint style="info" %} Symmio supports [options trading](https://docs.symm.io/options-protocol-architecture), allowing users to place call and put options across a diverse range of assets. {% endhint %} ### Who uses Symmio? * **Traders** access Symmio through frontends like IntentX, Thena, Based Markets, and others. You don't interact with Symmio directly — you use an exchange built on top of it. * **Frontends** (exchanges) build trading interfaces on Symmio's infrastructure. They handle UX, branding, and user acquisition while Symmio handles settlement. * **Solvers** provide liquidity by taking the other side of trades. They're professional market makers who hedge risk externally and compete to offer the best prices.