--Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain. PARIS, France, May 3rd, 2023/Chainwire/ Today, launches its highly anticipated . Symmetry User Interface The platform aims to revolutionize how users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds. About Symmetry Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on , powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators and public APIs for other DeFi projects to integrate Symmetry products seamlessly. Solana The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols. Symmetry's liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as and when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance. PRISM Jupiter The Symmetry Engine relies on , a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users. Pyth Example use cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading. With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever. Contact PR S. Martin Symmetry operations@symmetry.fi *: This story was distributed as a release by Chain Wire under HackerNoon’s Brand As An Author Program. Learn more about the program .* Disclaimer here

This is a PR written by or for the company mentioned within it. The writer has a vested interest in the company and products mentioned within.

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Decentralized Crypto Indices & Actively Managed Funds Arrive on Solana via Symmetry

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