Science of intent based trading
copied from symm.io how it works
SYMMIO is a protocol for
SYMMETRICAL TRADING
is not based on:
No Order Books- No Virtual AMMs
- No pre-locked liquidity
How it works?
Formulate and send your INTENT to the Pool.
Sending an INTENT makes you PartyA
Wait for your INTENT to be accepted by a Hedger to become your PartyB
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.
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
As long as a TRADE is active, Watchdogs ensure that:
- all Party A/B pairs are playing by the rules,
- constantly ensuring their solvency.
The moment a Party becomes insolvent they will get liquidated, which makes the system trustless as well as capital efficient.
PartyA and PartyB pairs are SYMMETRICAL
- PartyA LONGs 1 BTC,
- PartyB SHORTs 1 BTC,
- Win for B equals Loss for A,
- isolated within each pair.
Every trade requires a Party A&B pair. Infinite Party A&B pairings possible. No Liquidity Pools involved.
SYMMETRICAL TRADING
is one hundred percent sound.
INTENT to learn more?
OR CONNECT
WITH US
WHICH TRADE IS YOUR NEXT INTENT?
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