Symmetry has launched its user interface on the Solana blockchain, which represents a groundbreaking step towards decentralized finance (DeFi). The platform aims to transform the way users manage their portfolios through crypto indices and actively managed funds, providing a comprehensive solution for creating, managing, buying, and selling funds.
Symmetry’s Infrastructure Layer
Symmetry’s infrastructure layer is decentralized Crypto Indices and Actively Managed Funds, built on Solana and powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.
Opportunities for Fund Managers and Users
The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.
Symmetry’s Liquidity Provision Feature
Symmetry’s liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.
Symmetry’s user interface launch on the Solana blockchain represents a paradigm shift in how users interact with and manage their crypto portfolios. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading. With the full suite of features rolling out to all users, the future of Solana DeFi looks brighter than ever.