Wait for your Intent to be accepted by a Solver, that Solver becomes your PARTY B
Counter-parties 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 Frontend builders and Drivers help you with selecting the best Solver.
Selecting Solvers can be as easy as selecting an aggregator on Defillama Swap. Frontend builders might also offer auto select options for the best routes like 1inch.
When a Solver accepts your Intent they become your Party B for this trade
A trade is active until closed by Party A or if any of both Parties become insolvent
Two Intents make up a trade
As long as a Trade is active, Arbiters ensure that:
Neutral Parties act as ARBITERS
All Party A/B pairs are playing by the rules
All parties are 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.
Neutral Parties act as ARBITERS
Party A and Party B are isolated & Symmetrical
Party A longs 1 BTC
Party B shorts 1 BTC
Arbiters observe solvency 24/7
Win for B equals loss for A
Isolated within each pair
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Every trade requires a Party A&B pair, one taking the LONG the other taking the SHORT side.
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Infinite Party A&B pairings are possible.
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No Liquidity Pools involved.
Symmetrical Trading
Significantly reduced risk through isolated, peer-to-peer transactions
