Science of intent based trading
copied from symm.io how it works
Last updated
copied from symm.io how it works
Last updated
SYMMIO is a protocol for
is not based on:
No Order Books
No Virtual AMMs
No pre-locked liquidity
Counterparties or Solvers in SYMMIO are called HEDGERS.
3rd Party FRONTENDS and DRIVERS help you with selecting the best Hedger.
When a Hedger,
accepts your intent, he becomes YOUR PartyB for this Trade.
A trade is active forever, or until closed by PartyA, or if any of both Parties goes insolvent.
TWO INTENTs MAKE UP A TRADE
The moment a Party becomes insolvent they will get liquidated, which makes the system trustless as well as capital efficient.
Every trade requires a Party A&B pair. Infinite Party A&B pairings possible. No Liquidity Pools involved.
©2023 All rights to the people.
Sent by a User
Seen by all Hedgers
Accepted by one Hedger or more Hedgers
all Party A/B pairs are playing by the rules,
constantly ensuring their solvency.
PartyA LONGs 1 BTC,
PartyB SHORTs 1 BTC,
Win for B equals Loss for A,
isolated within each pair.
