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?

Check our Gitbook

OR CONNECT WITH US

WHICH TRADE IS YOUR NEXT INTENT?

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