Hedgers

SYMMIO essentially mirrors the risk on-chain, creating a unique hybrid model that balances the strengths of both centralized and decentralized systems. It serves as a marketplace facilitating third parties, known as hedgers, to execute orders. These hedgers can be anyone—operating on exchanges like Binance, Bybit, KuCoin, Bitfinex, or running their own market-making or structuring operations.

If you’re interested in becoming a Hedger, reach out on Discord or contact the SYMMIO team.

Example of a Delta-Neutral Strategy

Institutional actors such as market makers can leverage SpookySwap to execute their operations.

A simple strategy: fill a user intent on Spooky Perps and open the opposite position on a CEX. The hedger’s PnL becomes delta-neutral; revenue comes from the initial spread and any premium on the funding rate. Cross-margining multiple positions with one user lets you replicate this low-risk strategy with lower collateral.

Trustlessness

Although adding off-chain operations can be profitable for institutions, SYMMIO is designed to remain fully independent of any external actions. Counter-party risk for a symmetrical agreement is always covered on-chain by the required capital.

Keep in mind:

• Educational Use: The example above is educational and not a complete representation of SYMMIO.
• Avoid Misconceptions: SYMMIO does not depend on hedgers hedging themselves; off-chain actions don’t introduce trust assumptions into the protocol.
• Top-Down Relationship: Hedger actions off-chain have no bearing on on-chain events.
• Independent On-Chain Contracts: SYMMIO contracts function independently of any off-chain actions.
• Isolation: SYMMIO is isolated from issues that might arise from CEXs, trading desks, or other hedging systems.

For more, see the SYMMIO docs.