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Protocol Introduction

Gryps.trade is built on Symmio, a trustless, intent‑centric clearing layer for bilateral perpetuals. Traders express intents; solvers respond with quotes; accepted quotes are settled on‑chain via Symmio’s contracts, preserving self‑custody and verifiability.

Key actors:

  • Traders: submit intents and hold collateral in cross‑margin accounts.
  • Solvers/Hedgers: provide executable quotes and hedge inventory off‑chain as needed.
  • Clearing contracts: enforce bilateral settlement and margin constraints.

Gryps integrates Orbs’ solver network for reliable quoting and competitive spreads while maintaining on‑chain settlement guarantees through Symmio.

Solvers (or Hedgers)​

Solvers are third parties that plug into Gryps to fill user intents. They may operate across centralized exchanges or other venues to manage inventory and hedge risk. Key points:

  • Educational use: The following is illustrative, not exhaustive of all solver strategies.
  • No trust dependency: On‑chain contracts are designed so off‑chain hedging actions do not introduce trust into settlement.
  • Top‑down relationship: Solver actions off‑chain do not affect on‑chain guarantees.

Example: Delta‑Neutral Strategy (illustrative)​

A solver fills a user’s long intent on Gryps and opens an offsetting short on a CEX. PnL becomes near delta‑neutral; profits derive from initial spread and funding premiums. Cross‑margining multiple user positions can lower collateral needs.

We recommend reviewing the Architecture pages for risk controls (IM/MM/CVA), funding, and oracle/pricing model to understand how Gryps maintains robust on‑chain settlement while enabling competitive off‑chain hedging.