Exploring Symmio’s Vision for DeFi and Intents in Cryptocurrency Trading

In this special episode of the Building Web3 podcast, we're joined by Jack, Head of Business Development at Symmio, to explore how Symmio is pioneering a new approach to decentralized finance (DeFi) through intent-based trading and blockchain innovations. With over a decade of combined experience, Jack and the team at Symmio are setting a new standard for on-chain derivatives by providing capital-efficient trading tools and bridging gaps between centralized exchanges and the decentralized world.

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Chapters

00:00 Introduction to Web 3 and Jack's Journey
02:31 Understanding Symmio and Its Challenges in DeFi
05:40 The Role of Intents in Symmio's Architecture
11:20 Types of Trading and User Experience 
14:30 Business Development and Partnerships
20:30 Future and Upcoming Milestones

Jack shares his personal journey, starting from his early days in crypto community building with projects like Keep Network (now Threshold) to his work in fiat on-ramps and major acquisitions within the crypto space. Now with Symmio, Jack is focused on reshaping how traders, market makers, and solvers interact in the DeFi ecosystem by enhancing accessibility, functionality, and liquidity in cryptocurrency derivatives.

Learn how Symmio's innovative approach to on-chain perpetuals could disrupt traditional centralized markets: Symmio leverages a unique architecture that supports an extensive array of trading pairs and offers high capital efficiency, attracting both retail traders and high-frequency trading firms. Jack explains how Symmio aims to bring decentralized derivatives to the forefront of Web3, allowing for diverse trading options from Bitcoin and Ethereum to lesser-known assets like meme coins and long-tail assets.

Key topics covered in this episode:

Intent-based trading: Discover how intents are transforming DeFi by allowing users to submit preferred trading outcomes without predefined constraints, as third-party solvers compete to execute trades efficiently and cost-effectively.

Market maker partnerships: Jack delves into Symmio's unique model for partnering with market makers, providing them flexibility over funding rates, margin requirements, and trade parameters—a revolutionary shift from traditional platforms like GMX and Hyperliquid.

Decentralized bilateral OTC trading: Understand how Symmio achieves decentralized over-the-counter trading without pre-locked liquidity pools, ensuring risk containment and efficiency.

Trading competition: Get the scoop on Symmio’s upcoming 12-week trading competition with IntentX, designed to encourage new users and showcase Symmio’s streamlined user interface, which closely resembles the ease and speed of centralized exchanges.