The decentralized derivatives protocol Symmio has completed a $3.1 million financing round, with participation from Spartan Group and others

2024-12-13 13:39:34

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ChainCatcher news, according to a report by PR Newswire, the decentralized derivatives protocol Symmio has announced the completion of a $3.1 million funding round, with investment firms such as Spartan Group, Orbs, MCLB, and Blockchain Founders Fund contributing approximately $2.1 million, while MS2 Capital, GMoney, and Prime Ventures are early investors in the company.

Symmio is an intent-driven derivatives clearing layer aimed at addressing the liquidity and fragmentation issues in DeFi, currently supporting four networks: Arbitrum, Base, BSC, and Mantle. The project revealed plans to launch its token TGE on December 16, with the token debuting on the Base blockchain, and initial liquidity will be provided through the SYMM / ETH trading pair on Aerodrome Finance.

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SYMMIO Decentralized Derivatives Protocol