- No Order Books
- No Virtual AMMs
- No pre-locked liquidity
Intent-Based Bilateral OTC Derivatives.
both sides provide collateral
one party requests and another party responds & executes.
Simple, it's peer to peer.
The Flow of an INTENT on SYMMIO
Sending an INTENT makes you Party
Wait for your INTENT to be accepted by a Hedger & the Hedger becomes your Party
Counterparties or Solvers in SYMMIO are called HEDGERS
An INTENT is:
- Sent by a User
- Seen by all Hedgers
- Accepted by one Hedger or more Hedgers
3rd Party FRONTENDS and DRIVERS help you with selecting the best Hedger.
(Selecting Hedgers can be as easy as selecting an aggregator on Defillama Swap.
Frontends might also offer to auto select the best route / solver like 1inch.)
When a Hedger,
accepts your INTENT, he becomes YOUR Party for this Trade.
A trade is active until closed by Party, or if any of both Parties becomes insolvent.
MAKE UP A TRADE
As long as a TRADE is active, Watchdogs ensure that:
- all Party A/B pairs are playing by the rules,
- All Parties ensuring their solvency at all times.
The moment a Party becomes insolvent they will get liquidated, which makes the system trustless as well as capital efficient.
Party and Party are isolated &
- Party LONGs 1 BTC,
- Party SHORTs 1 BTC,
- Watchdogs observe solvency 24/7.
- Win forequals Loss for ,
- isolated within each pair.
Every trade requires a Party A&B pair, one taking the LONG the other taking the SHORT side.
Infinite Party A&B pairings are possible.
No Liquidity Pools involved.