PANews reported on December 13 that according to PR Newswire, the decentralized derivatives protocol Symmio announced that it has completed US$3.1 million in financing, of which investment institutions such as Spartan Group, Orbs, MCLB and Blockchain Founders Fund invested approximately US$2.1 million in it. MS2 Capital, GMoney and Prime Ventures are the company's early investors.
Symmio is an intent-centric derivatives clearing layer that aims to solve DeFi's liquidity and fragmentation problems. It currently supports four networks: Arbitrum, Base, BSC and Mantle. The project revealed plans to launch the token TGE on December 16 to launch tokens on the Base blockchain. The initial liquidity will be provided through the SYMM/ETH trading pair on Aerodrome Finance.
