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Symphony Finance

Symphony Finance

A decentralized protocol that allows generating yield on limit orders.

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All edits by  Denis Yankovich 

Edits on 28 Jan, 2022
Denis Yankovich profile picture
Denis Yankovich
edited on 28 Jan, 2022
Edits made to:
Infobox (+8 properties)
Article (+832 characters)
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Symphony Finance

A decentralized protocol that allows generating yield on limit orders.

Article

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.

Infobox
YouTube channel
https://www.youtube.com/channel/UCzrBPd7Un3688560lOblb_w
Blog
https://symphony-finance.medium.com/
Discord
https://discord.com/invite/HsVP3KP3VD
GitHub
https://github.com/symphony-finance
Industry
Cryptocurrency exchange
Cryptocurrency exchange
Decentralized Finance
Decentralized Finance
Twitter
https://twitter.com/SymphonyFinance
Whitepaper
https://symphonyfi.gitbook.io/docs/
"Created via: Web app"
Denis Yankovich profile picture
Denis Yankovich
created this topic on 28 Jan, 2022
Edits made to:
Infobox (+2 properties)
Topic thumbnail

 Symphony Finance

A decentralized protocol that allows generating yield on limit orders.

Infobox
Is a
Company
Company
Website
https://symphony.finance/

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