decentralized derivatives protocol Symmio has announced the completion of a $3.1 million financing round, with investment institutions such as Spartan Group, Orbs, MCLB, and Blockchain Founders Fund investing approximately $2.1 million. MS2 Capital, GMoney, and Prime Ventures are early investors in the company.

Symmio is an intent-based derivatives clearing layer aimed at solving DeFi's liquidity and fragmentation problems. It currently supports four networks: Arbitrum, Base, BSC, and Mantle. The project plans to launch its token TGE on December 16th, with the token being launched on the Base blockchain. Initial liquidity will be provided through the SYMM/ETH trading pair on Aerodrome Finance.