SYMMIO Options Protocol Documentation

Overview

The Symmio Options Protocol is a decentralized, intent-based options trading system that enables peer-to-peer options trading without the need for traditional market makers. Built on the Ethereum Virtual Machine (EVM), the protocol implements a bilateral settlement mechanism, allowing two parties (Party A and Party B) to engage in option contracts with advanced collateral management.

The system employs the EIP-2535 Diamond Pattern architecture, organizing functionality into modular facets while maintaining shared storage. Symmio options are implemented as ERC-721 NFTs, granting holders the right (but not the obligation) to buy or sell underlying tokens at specified prices and expiration dates.