Horizon Protocol Partners with Symmio, A Trustless Clearing House for Derivatives
We’re thrilled to announce Symmio as our infrastructure partner for building intent-based perpetual futures. This partnership marks a new era for Horizon Protocol, transforming it into a multi-layered liquidity system that delivers advanced and highly competitive liquidity solutions for perpetual futures.
Through this partnership, Horizon Protocol will introduce a groundbreaking Intent-Based architecture to tackle the liquidity challenges in Web3. This innovative approach enables deep liquidity, improved capital efficiency, and access to over 270 markets at the launch. It seamlessly bridges liquidity from centralized exchanges (CEXs) to the blockchain, all while maintaining top-tier security.
Intro to SYMMIO
SYMMIO is a financial protocol in the decentralized finance (DeFi) space that aims to revolutionize digital on-chain derivatives’ creation, trading, and settlement. At its core, SYMMIO is an intent-centric, meta-derivatives engine, with its first use case being a new type of hyper-efficient perps trading technology.
Symmio simplifies and enhances on-chain derivatives trading with its innovative Automated Markets for Quotes (AMFQ) system. By integrating OTC practices with trustless technology, Symmio facilitates efficient, peer-to-peer agreements without reliance on order books or automated market makers. This framework offers greater liquidity, fair trade matching, and security through collateralized agreements, ensuring a seamless trading experience. With features like customizable derivatives, oracle-backed dispute resolution, and a competitive free market for liquidity, Symmio redefines decentralized finance.
How intent-based trading works on Horizon:
- The trader specifies their trade details (e.g., long 1 BTC at 10x leverage).
- A market maker offers trade conditions (price, slippage, fees, funding rates, etc.).
- The trader reviews the offer and, if satisfied, submits a “Request to Trade” along with their collateral.
- The liquidity provider (solver) accepts, deposits matching collateral, and forms a bilateral agreement.
- Depending on price movements, one party pays the other as profit or loss (PnL).
- The solver manages their exposure by hedging on CEXs, DEXs, OTC desks, or netting positions with other trades.
Moving Forward
In partnering with Symmio, Horizon Protocol is setting the stage for a transformative leap in Web3 derivatives trading. By leveraging Symmio’s intent-based architecture and innovative technologies like AMFQ, Horizon Protocol is addressing liquidity challenges head-on and offering diverse liquidity-layered to different types of traders. This collaboration is a step toward redefining how decentralized derivatives are traded and settled.
Horizon Protocol is a decentralized derivatives AI-trading and liquidity protocol that provides decentralized access to the real-world economy through synthetic assets. Through Horizon Protocol, users can access swaps and perpetual futures of crypto and RWA (real-world assets), including, fiat (i.e. USD, EUR, JPY, etc.), and commodities (i.e. gold, silver, etc.).
With a peer-to-pool model where a counterparty is not required for trading, Horizon Protocol can offer DeFi traders low fees, deep liquidity, and zero slippage when trading borderless synthetic assets. Horizon Protocol sets itself apart with a strong focus on seamless UI/UX and educational content to help the community understand the power of DeFi derivatives.
