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SYM Finance

Whitepaper

SYM Core Team

PRESENTED BY

SEPTEMBER 2023

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Introduction & Background 3

Leverage Yield Problem 4

Risk-minimized Leveraged Yield 6

Price Discovery of Risk-minimized Leverage 8

User Profile 12

Q&A 13

Table of

Contents

2

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3 SYM FINANCE WHITEPAPER

Price Discovery for

Leveraged Yield

0. Introduction

This whitepaper introduces an innovative price discovery mechanism (Tidal AMM) of

leveraged yield in DeFi. Leveraged yield refers to the multiplied yield generated by

obtaining a spot leverage on the underlying yield-bearing assets. Additionally, this

whitepaper delves into the implementation of Tidal AMM by SYM Finance.

1. Background

Yield-bearing assets are one of the largest and most popular asset classes in DeFi.

This category includes assets like Liquid Staking Derivatives (LSD), restaked ETHs, LP

tokens, AAVE's aTokens, and more. Holding these assets inherently generates yield

for the user.

Moreover, yield-bearing assets are the best demonstration of composability and

interoperability, the defining characteristics of crypto. Users can utilize yield-bearing

assets for various purposes, such as using them as collaterals to secure loans, all

while continuing to benefit from the underlying yield. The majority of DeFi TVL is

yield-bearing, and its size is only going to grow with more assets being introduced

on-chain, including potential additions like Treasury Bills.