đĄSYMM - The Token
Last updated
Last updated
All rights to the people (c) 2023 Symmetry Labs A.G.
STAKE it to get fees generated from all frontends (For investors) Staking program
LOCK it to get better profit share as frontend (For Frontends & Builders) Perps - Settlement Costs
BURN it to get a discount on your trading fees (For Traders) MMs have 0% Fees in SYMM.Using $SYMM as a Fee token (similar to Binance $BNB)
Staked $SYMM earn 100% of all Symmio protocol revenue across all frontends.
Learn more about Fees
$SYMM allows traders, frontends, to receive fee rebates when trading on Symmio or offering others to trade.
This especially incentivizes high-volume users like Frontends to buy and hold $SYMM.
learn more Perps - Settlement Costs
Additionally, $SYMM can be used to pay trading fees, offering traders (in collaboration with Frontends) or market makers a discount. Notably, $SYMM used for fee payments will be permanently burnt, introducing a deflationary aspect to the token economy.
Holding $SYMM will also grant users governance rights, which can be exercised in the later-introduced on-chain and off-chain snapshot-based voting systems.