pSymm

Private & Symmetric OTC Trading

The Problem

• Current Trading Options are Suboptimal:
• DEX: Complete exposure of trading activity
• CEX: Loss of fund custody and control
• Public orderbooks (CLOB/AMM):
  • No privacy possible
• Existing OTC solutions
  • High costs and barriers to entry
  • Limited access for smaller traders

Our Solution: pSymm

• Trade privately off-chain
• Collateral secured on Aztec L2
• Dispute resolution mechanism
• P2P architecture enabling full private OTC
• Trade any derivatives: perps, stocks, FX, ETFs

Solution: Case Study

Traditional DEX Scenario:

• A whale wants to open a $300M+ position
• Uses Hyperliquid, exposes their position
• Traders try to liquidate the position

With pSymm:

• Same whale opens $300M+ position privately
• With pSymm, executes trade off-chain
• Only trader and counterparty see the trade

Market Opportunity

• 100x cost reduction of OTC operations
• Onchain perps revenue in 2024 is $250M
• Enabling small players to bypass traditional banking barriers
• Growing demand for private, trustless trading solutions

"Traditionally, dark pools are way bigger than ... orderbooks" - CZ, co-founder of Binance

Demo

Team

Vision

• Onchain OTC offers deeper liquidity than orderbooks, and is the solution to list thousands of assets
• Messari report on Symmio: link