Intent-Based Trading
Most crypto derivatives today are traded on order-book exchanges. Traders place bids and asks on a shared book, and a matching engine decides when two orders meet.
Instead of using a centralized order book, traders on SYMMIO express intents. An intent is simply a request that says: “I want to go long or short this market, here is my price, my size, and the collateral I’m using.” When a trader submits this intent, it becomes visible to a network of independent counterparties called solvers. Each solver can decide whether they want to take the other side of that trade. So rather than fighting for priority in a centralized orderbook, traders using SYMMIO simply declare what they want and the market comes to them.
This model removes the need for a centralized matching engine and makes the system permissionless, flexible, and peer-to-peer. It allows anyone to create and trade derivatives in a trustless manner, without relying on a central exchange.
To make this possible, SYMMIO introduces three main roles:
Party A: the trader who creates an intent.
Party B: also called the solver or hedger, who chooses to accept that trade.
Liquidators: impartial actors who monitor positions and step in if collateral falls below safe levels.
When a solver accepts a trader’s intent, the position opens on-chain, with collateral from both parties locked into the protocol. When the user wishes to close his position, he simply declares an intent to close his position, the solver handles the close request, and both parties' balances are updated.
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