$SYMM Token to Launch on Base Network,Revolutionizing Decentralized Derivatives
Symmio, a decentralized derivatives protocol with over $8B in trading volume, has raised $3.1M in funding, including $2.1M in new investments from top-tier investors including Spartan Group, Orbs, MCLB and Blockchain Founders Fund as well as previous investments by @AgentChud (Messi), MS2 Capital, Gametheorizing (Selini Capital), GMoney & Prime Ventures. The funding comes as Symmio gears up for its Token Generation Event (TGE) on December 16, 2024, introducing the $SYMM token on the Base network. Initial liquidity will be provided via SYMM/ETH pairs on Aerodrome Finance.
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Simplifying Decentralized Derivatives
Symmio addresses DeFi’s liquidity and fragmentation issues through its intent-centric clearing layer. This infrastructure enables users to create synthetic derivatives markets with minimal barriers.
Derivatives-as-a-Service (DaaS): Symmio offers an industry-first solution that allows exchanges to launch decentralized derivatives trading platforms within days. Symmio empowers partners to focus on user acquisition and community growth by managing liquidity onboarding.
Symmio provides $200M in open interest and 600+ trading pairs across networks like Arbitrum, Base, BSC, and Mantle, with non-EVM chains coming soon. MarketMakers can permissionlessly create new markets such as Forex, Commodities, and Memes, while Front-End partners focus on expanding user engagement.
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