Introducing Symmetry
Symmetry is a decentralized index protocol on Solana blockchain that would allow anyone to create and buy custom indices — baskets of tokens with different weights.
Here are some of the reasons why holding an index is order of a magnitude better than just holding crypto.
- Easier way to diversify your portfolio instead of buying & selling assets separately. Saves time & fees.
- Improved risk-to-reward ratios for any budget user. Whether you prefer higher risk higher reward portfolio, or a less volatile one with a steadier growth, there can be an index for you.
- Rebalancing. This is one of the most important aspects of an index. Without rebalancing, more volatile assets start taking higher and higher portion of an index making it riskier over time. In such case, all it takes is for that one asset to go down that will bring a substantial part of your portfolio down with it. This is why every index needs to update its holdings regularly to maintain the target asset weights and therefore perform reliably. Our protocol rebalances automatically whenever needed.
With Symmetry, you can create your own index, or purchase one created by someone else. When creating an index, you can select all assets that you want to be included in the index, as well as their corresponding weights, and rebalancing method. Type of rebalancing you choose is important and will affect overall performance of the index, because of this, we created Index Simulator, which we’ll talk about next.
What is Solana?
Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption.
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