SYMMIO raised $1 M in a new round of funding on 2023-12-04.
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According to media reports, SYMMIO raised $1 M in a new round of funding on 2023-12-04. the investors in this funding round include Selini Capital, MS2 Capital,Dovey Wan,Darryl Wang,Gmoney,Ivan Brightly,Squirrel,Pool2Paulie and others. Following this round, SYMMIO's total funding reached $3 M.
SYMMIO is a decentralized derivatives protocol introduces the concept of symmetrical contracts, a new trading primitive for facilitating on-chain OTC derivatives trading. SYMMIO is built on intent-centric architecture. A requesting party (PartyA) and a responding party (PartyB) are matched and a trade is executed when both parties commit collateral, locking them into an isolated, symmetrical trade. SYMMIO itself doesn't offer any trading or promotes the trading of any derivatives, SYMMIO only provides the infrastructure for peer to peer bilateral matchmaking, that can be used by 3rd party providers to build a fully functional on-chain derivatives exchange.
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SYMM Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| -- | $1 M | -- | 2023-12-04 | Selini Capital, MS2 Capital,Dovey Wan,Darryl Wang,Gmoney,Ivan Brightly,Squirrel,Pool2Paulie |
Key Milestones
- 2024-12-16$SYMM was live for trading
- 2024-12-16
- 2024-12-13SYMMIO raised $ 2.1 M in funding round
- 2023-12-05SYMMIO raised $ 1 M in funding round
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