Solana-based Symmetry Launches Its Highly Anticipated User Interface

Solana-based Symmetry Launches Its Highly Anticipated User Interface
фото показано с : zycrypto.com

2023-5-4 19:12

Decentralized finance (DeFi) on the Solana blockchain takes a giant step forward today with the debut of Symmetry’s eagerly awaited User Interface at https://app.symmetry.fi/.

The platform offers a one-stop shop for creating, managing, buying, and selling funds to revolutionize the way users manage their portfolios through actively managed funds and cryptocurrency indices.

Built on Solana and powered by the Symmetry Engine, Symmetry is a decentralized infrastructure layer for Crypto Indices and Actively Managed Funds. This ground-breaking on-chain asset management infrastructure includes public APIs for other DeFi projects to seamlessly integrate Symmetry products, on-chain funds, indices, multi-token liquidity pools, and liquidity routing between indices and DEX aggregators.

Both consumers and fund managers have access to various options on the site. Managers can establish and administer trustless Crypto Indexes using predefined rules, or they can create and manage funds with numerous tokens that reweigh, rebalance, and refilter by the manager’s unique criteria. Users have the option to construct their own actively managed funds or indices, as well as purchase and sell other users’ or protocols’ funds.

When their token weights depart from the target weights, Symmetry’s liquidity provision functionality enables indices and actively managed funds to serve as liquidity providers on DeFi aggregators like PRISM and Jupiter. This innovative feature marks a substantial shift from conventional ways in which indexes and funds normally pay fees on exchanges to rebalance by enabling funds to rebalance at no cost and also generating income for fund managers and holders from aggregator users.

Pyth, a trustworthy price oracle, is used by the Symmetry Engine to ascertain the real costs of each asset used in Symmetry products. This is essential for funds to reliably calculate fund valuations, rebalancing thresholds, and buy/sell prices for users.

Retail onboarding apps, decentralized fund management apps, treasury management tools, copy-trading apps, and investment apps are a few examples of use cases for Symmetry. The platform imagines a world where anybody can start an index fund by managing on-chain funds and portfolio strategies, converting wallet portfolios to funds, and integrating index or actively managed fund tokens for trade.

A fundamental shift in how users engage with and manage their cryptocurrency portfolios will occur in decentralized finance on the Solana blockchain with the introduction of the Symmetry User Interface. The platform’s future appears promising as it continues to roll out its capabilities to consumers.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Solana (SOL) на Currencies.ru

$ 224.67 (+0.65%)
Объем 24H $7.106b
Изменеия 24h: 1.82 %, 7d: -2.47 %
Cегодня L: $216.53 - H: $230.49
Капитализация $106.775b Rank 5
Цена в час новости $ 22.37 (904.34%)

symmetry user interface funds solana selling revolutionize

symmetry user → Результатов: 3


Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices

Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface here. 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.

2023-5-4 20:03