The decentralized derivatives protocol Symmio has completed a financing of 3.1 million US dollars, with participation from investors such as Spartan Group

According to PR Newswire, the decentralized derivatives protocol Symmio has announced that it has completed a $3.1 million financing round. Investment institutions such as Spartan Group, Orbs, MCLB and Blockchain Founders Fund have invested about $2.1 million in it, while MS2 Capital, GMoney and Prime Ventures are among the company's early investors.

Symmio is an intent-centric derivative clearing layer designed to address liquidity and fragmentation issues in DeFi. It currently supports four networks: Arbitrum, Base, BSC and Mantle. The project revealed plans to launch its token TGE on December 16th on the Base blockchain with initial liquidity provided through SYMM / ETH trading pairs on Aerodrome Finance.