Decentralized derivative protocol Symmio completes $3.1 million financing, with participation from Spartan Group, etc.

On December 13th, PANews reported that decentralized derivative protocol Symmio announced that it has completed a financing of $3.1 million, with investment institutions such as Spartan Group, ORBS, MCLB, and Blockchain Founders Fund investing about $2.1 million, while MS2 Capital, GMoney, and Prime Ventures are early investors in the company. Symmio is an intent-centric derivative clearing layer designed to address the liquidity and fragmentation issues in DeFi. It currently supports four networks: Arbitrum, Base, BSC, and Mantle. The project has revealed plans to launch the token TGE on December 16th to introduce the token on the Base blockchain. Initial liquidity will be provided through the SYMM/ETH trading pair on Aerodrome Finance.