Orbs and SYMMIO Join Forces to Revolutionize Onchain Derivatives

Orbs, which relies on a network of unrestricted inspectors, functions as an accessible, decentralized blockchain architecture. Orbs’ decentralized execution layer creates a hierarchical blockchain stack by sitting between the application layer and the current layer-1 (L1) and layer-2 (L2) solutions thus eliminating the need to move liquidity to a new chain. Apart from creating superior blockchain solutions, Orbs also actively supports initiatives that share its Web3 vision. There has been an increase in demand for Orbs’ Liquidity Hub as well as its decentralized exchange (DEX)-agnostic as it provides a solution that addresses liquidity fragmentation problems in decentralized finance (DeFi).

On the other hand, SYMMIO is a protocol built for symmetrical futures that will revolutionize bilateral OTC derivatives. SYMMIO allows Unrestricted leveraged trading for any asset with extremely effective, just-in-time liquidity. This is made possible by its new and improved design which makes it easier for numerous parties to issue and trade.  

SYMMIO is looking to address the issue of restricted onchain liquidity by using an advanced technique to enable intent-based OTC derivatives.

For SYMMIO’s framework to function, the front end must choose the best quote according to the user’s requirements and create an intent that is sent onchain. If this matches the given quote, the solver verifies the purpose, and the trade is carried out onchain, locking down the collateral from both sides.

What does this Integration mean for the future?

Layer-3 blockchain Orbs announced on February 15 that it was partnering with over-the-counter (OTC) derivatives platform SYMMIO by investing $1 million in SYMMIO. By utilizing Orbs’ current layer-3 technology, this partnership with an emphasis on onchain derivatives. This collaboration seeks to increase capital efficiency and availability of large liquidity pools, eventually boosting the growth of onchain trading of derivatives by introducing features specifically designed for hedging. The creation of an oracle to facilitate smooth communication between on- and off-chain contexts is one of the initial concepts being investigated.

In addition, the integration will put in place a bidding mechanism designed specifically for hedging which will ensure risks are reduced and traders can enjoy profits from trading derivatives. Traditionally, centralized exchanges have dominated derivative trade volumes at a 4:1 ratio, while onchain, derivatives only make up $2 billion of DeFi’s $60 billion Total Value Locked (TVL). The integration between SYMMIO and Orbs will seek to address this imbalance by enabling onchain traders to make leveraged trades while optimizing capital utilization and safeguarding against potential losses.

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Compared to other derivatives platforms,  SYMMIO’s technology can obtain external liquidity from multiple sources, like Binance, thus significantly increasing liquidity, which then enhances capital efficiency. Through its partnership with SYMMIO, Orbs aims to promote the wider use of this innovative technology and give traders a secure means of utilizing onchain derivatives.

Conclusion

Orbs and SYMMIO are joining forces to create a novel solution for onchain derivatives trading, leveraging their respective layer-3 and symmetrical futures technologies. This partnership aims to overcome the challenges of liquidity, capital efficiency, and risk management that have hindered the growth of decentralized derivatives. Orbs and SYMMIO hope to attract more users and liquidity to the DeFi space by offering a unique platform for hedging and leveraging any asset,