# 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.symm.io/getting-started/what-is-symmio.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.