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A PROTOCOL FOR

SYMMETRICAL AND

SYNTHETIC

No Order Books
No Virtual AMMs
No pre-locked liquidity

Intent-Based Bilateral OTC Derivatives.

Bilateral

both sides provide collateral

Intent-based

one party requests and another party responds & executes

OTC

simple, it's peer to peer

The Flow of an INTENT on SYMMIO

Send your Intent

Like sending a limit order on Binance, but trustlessly.

Wait for the response of your Counterparty

Similiar to waiting for an execution on 1inch fusion.

Observe your trade to remain solvent at all times

Identical to managing a margin balance on Binance, but on SYMMIO without custody risk.

Visit a 3rd Party frontend to Formulate and send your INTENT to the Pool.

UX mimics CEXs like Binance
sending an intent is done seamlessly
via 3rd-party frontends.

Sending an INTENT makes you PartyA

Wait for your INTENT to be accepted by a Solver & the Solver becomes your PartyB

Counterparties or Solvers in SYMMIO can also be called HEDGERS

An INTENT is:

Sent by a User
Seen by all Solvers
Accepted by one Solver or more Solvers

3rd Party FRONTENDS and DRIVERS help you with selecting the best Solver.

(Selecting Solvers can be as easy as selecting an aggregator on Defillama Swap.
Frontends might also offer auto select options for the best routes like 1inch.)

When a Solver

accepts your INTENT they become YOUR PartyB for this Trade.

A trade is active until closed by PartyA or if any of both Parties becomes insolvent

TWO INTENTs
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.

PartyA and PartyB are isolated &

SYMMETRICAL

PartyA LONGs 1 BTC
PartyB SHORTs 1 BTC
Watchdogs observe solvency 24/7
Win for B equals Loss for A
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.