Defi Protocol Symmetry posted it on Twitter on Tuesday, July 19, 2022. The company has just created Symmetry Engine, the first asset management framework on Solana. Thanks to it, it is now possible to design applications to manage on-chain assets. And this without any impact on costs and loss of liquidity.
From the experience point of view, $500 million has already been easily reached from 2021, in volume on the DEXs. It is the result of close collaboration between the box and Prism Aggregator.
Since then, there has been a revolution in financial management and Symmetry Engine has been at the forefront of the quest for financial freedom. For traditional finance, the process is still complicated and it cools due to investments. It is indeed necessary to take into account the creation and management of indices, without forgetting the need to manage the capital to avoid risks.
In less than 5 minutes, anyone can design a fund using Symmetry. Everything is designed to simplify the task. A signal called “matic” is generated as soon as a fund index appears. To determine its value, it is sufficient to examine the weighting of the tariffs it contains.
Another benefit is also available. Those with token funds can draw from the pool of concentrated liquidity. So the market can be maintained for DEXs. This creates many opportunities for those in the business, as the application allows suppliers to be paid in cash. The first release of the Symmetry Engine of Funds SDK provides a design, management and liquidity SDK that provides access to fund liquidity.