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 Symm.io and Its Challenges in DeFi
05:40 The Role of Intents in Symm.io's Architecture
07:40 How Intents Work: Solvers, Execution, and Efficiency
09:28 User Interaction: Choosing Solvers and Trading Options
11:20 Types of Trading and User Experience
13:18 Decentralized Bilateral OTC Trading Explained
14:30 Business Development and Partnerships
16:47 Symm.io’s Focus on Market Makers and Capital Efficiency
18:40 Finding Solvers: Challenges and Strategies
20:30 Future and Upcoming Milestones
22:12 Expanding Derivatives, Meme Coins, and Hedging Tools
24:06 How to Connect with Symm.io and Join the Community 

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.

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Disclaimer: Nothing said on Building Web3 is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jax, and our guests may hold positions in the companies, funds, or projects discussed.

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