1. SYM is NOT another JonesDAO, Vesta Finance, Alpaca, or Rage Trade. It enables the first real long-term (perpetual) leverage on yield bearing assets, and creates a special AMM to price the leverage fairly, which brings consistent SUPPLY to the leveraged yield market. By receiving a grant we will make GMX the first protocol that benefits from this new mechanism.
2. Leveraged positions on SYM tend to be long-term positions, since there’s no liquidation or interest rate. This will make GMX v2 liquidity more sticky, by providing HODLers a more profitable option for long-term holding and converting more users into HODLers. With a grant, SYM can accelerate this process.
3. SYM Finance will provide the highest organic APR to both passive LPs and active traders. A grant will help us speed up GTM and make GM the asset that earns the highest real yield in DeFi.
4. Under the hood, SYM is matching long-term LPs and short-term traders/speculators to let them provide value to each other. A market is thus created for better value discovery of both the yield-bearing asset per se and the yield outlook. A more efficient value allocation becomes possible. With a grant, we can introduce this new paradigm to the GMX ecosystem and enable more legos to be built on top of us, such as financialization of leveraged GM, yield trading, etc.