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Symphony Finance

Symphony Finance

A decentralized protocol that allows generating yield on limit orders.

OverviewStructured DataIssuesContributors

Contents

symphony.finance
app.symphony.finance
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Cryptocurrency exchange
Cryptocurrency exchange
Decentralized Finance
Decentralized Finance
Location
Spain
Spain
Founder
‌
a_variable_
‌
0x_kakashi
‌
Rohan Agrawal
AngelList URL
angel.co/company/sy...ony-finance
Number of Employees (Ranges)
11 – 50
Investors
Polygon
Polygon
‌
Mstable Grant DAO
‌
Balancer Grant DAO
Aave
Aave
Founded Date
2021
0
Wellfound ID
symphony-finance

Other attributes

Blog
symphony-finance.medium.com
Company Operating Status
Active
Medium URL
symphony-finance.medium.com

Symphony Finance maximizes the total return using limit order + yield generation. The sell asset is deposited to a yield generating protocol like Aave, Stable, Yearn, etc. This feature allows limit orders to earn yield for the time they are on the order book. The order creator receives the buy asset automatically when the order is filled. The orders are filled automatically by "Executors". The executor receives a small fee for executing the orders as they have to bear the expenses for running the relayer service and transaction costs.

Stop-loss is another great feature that allows for minimizing risk in case the sell asset price goes below a certain price threshold. Symphony limit orders are obviously different from the traditional limit orders where the seller assets are not utilized while the order is on the order book.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Symphony Create Order Steps

https://www.youtube.com/watch?v=kY9yuc9eKtc

Web

April 22, 2021

Symphony Finance - Medium

https://symphony-finance.medium.com/

Web

Symphony Finance Airdrop : Biggest Airdrop of 2022 | SYM Token

https://www.youtube.com/watch?v=oXzpbn-RYbE&t=69s&ab_channel=CryptoBank

Web

February 15, 2022

Symphony Finance limit order V2 (YOLO V2)

https://www.youtube.com/watch?v=XBUAPktQlzI

Web

February 18, 2022

References

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