The Solana blockchain has taken a significant step in its decentralised finance (DeFi) offering, as Symmetry launches its User Interface. The platform aims to revolutionise portfolio management through crypto indices and actively managed funds. It provides an all-in-one solution for creating, managing, buying, and selling funds, and functions as a decentralised crypto indices and actively managed funds infrastructure layer built on Solana, powered by the Symmetry Engine. The on-chain asset management infrastructure covers on-chain funds, indices, and multi-token liquidity pools, liquidity routing between indices and DEX aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.
Both fund managers and users can realise significant opportunities with Symmetry’s platform. Managers can create and manage funds or create a trustless crypto index with predefined rules. 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, generating fees from aggregator users for fund managers and holders. The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilised in Symmetry products.
Symmetry 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. The launch of the Symmetry User Interface strengthens Solana’s position in the DeFi space and is a significant step towards a new paradigm in decentralization and crypto portfolio management.
