Symmetry has launched its user interface on the Solana blockchain to revolutionize decentralized finance (DeFi) through crypto indices and actively managed funds. The platform offers an all-in-one solution for creating, managing, buying, and selling funds. Symmetry is decentralized crypto indices and actviely managed funds infrastructure layer on Solana, powered by the Symmetry Engine. The 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. The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens while 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 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. The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized. Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. 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.
Symmetry’s user interface on the Solana blockchain will shift the landscape of decentralized finance. While the platform continues to roll out its full suite of features, the future of Solana DeFi looks brighter than ever. The article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content.