Solana

Engine

Jupiter

Symmetry

Paris, France, May 3rd, 2023, Chainwire

Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as <a href="https://symmetry.fi" rel="nofollow noopener" target="_blank">Symmetry</a> launches its highly anticipated User Interface at <a href="https://app.symmetry.fi/" rel="nofollow noopener" target="_blank">https://app.symmetry.fi/</a>.
The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.
Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on <a href="https://solana.com" rel="nofollow noopener" target="_blank">Solana</a>, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.
The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.
Symmetry&#8217;s liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as <a href="https://twitter.com/prism_ag" rel="nofollow noopener" target="_blank">PRISM</a> and <a href="https://twitter.com/JupiterExchange" rel="nofollow noopener" target="_blank">Jupiter</a> when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.
The Symmetry Engine relies on <a href="https://pyth.network/" rel="nofollow noopener" target="_blank">Pyth</a>, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.
Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.
With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.

<h5>Contact</h5>
PR S. Martin Symmetry operations@symmetry.fi

Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana

Cryptopolitan_News

2023년 5월 3일에 게재된 다른 기사

Banking Bunkum Continues as Half of US Banks Could Be Insolven

Cybercriminals are Selling Account Info of Crypto Users

Ankr and Mantle Partner to Empower Developers with Remote Procedure Calls (RPCs)

Standard Chartered News: BTC Will Reach $100,000 by the end of 2024. HedgeUp Grows 30x in less time.

Africa records the lowest YoY funding in April 2023

What Does It Take to Build in GameFi?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!