What is Staking?

Overview

Staking is a core component of the Symmio ecosystem, designed to reward long-term participation and support for the platform. By staking the native $SYMM token, token holders can directly contribute to the network’s security and liquidity, while earning a portion of the settlement fees generated from derivatives trading.

What is Staking?

Staking involves depositing your $SYMM tokens into a dedicated staking contract, which in turn grants you a share of the platform’s daily settlement fees. As a “clearing layer” for derivatives, Symmio processes a high volume of trades and collects settlement costs. Stakers earn passive income from these fees, reflecting their role as active supporters of the network.

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How Staking Works

Key Concepts

• Clearing Layer: Unlike general-purpose smart contract platforms that cater primarily to developers, Symmio is tailored for financial creators. By acting as a specialized clearing layer for derivatives, Symmio streamlines the process of opening, settling, and managing positions between multiple parties.

• Stakeholders: The ecosystem involves three main groups:

  • Front-ends (Exchanges): User-facing platforms that integrate with Symmio’s clearing layer to offer trading interfaces.

  • Market Makers and Solvers: Entities that provide liquidity and price discovery on top of Symmio.

  • SYMM Token Holders (Stakers & Validators): Individuals or organizations that stake $SYMM and earn a share of settlement fees, guiding the network’s governance and long-term direction.