📝 Hello everyone, I am 𝟏𝟎, welcome back to the #Blockchain Development History project research series. Today, we will focus on (Symphony).
More and more AI projects are joining Kaito, from @TheoriqAI to @Calderaxyz, and we welcome a new member @symphonyio. It is currently the first Agentic Financial Layer, enabling AI agents to truly achieve cross-chain transactions, autonomous decision-making, and secure execution.
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I. What is Symphony
As the first Agentic Financial Layer, Symphony has built a complete verifiable execution architecture that allows smart agents to autonomously complete the cross-chain transaction process without any human intervention, from strategy generation to fund allocation.
Rather than being just an AI project, Symphony is an automation execution layer for DeFi. Any strategy, any trading logic can be entrusted to on-chain agents to achieve a true leap from composable finance to executable finance.
II. Symphony Technical Focus
Orchestrator is the conductor of Symphony, the core that connects multiple chains and liquidity.
It operates in a chain-agnostic manner, intelligently coordinating various blockchains and liquidity sources, providing a smoother cross-chain experience.
Orchestrator unifies the cross-chain transaction view, allowing you to operate transactions on different chains from a single interface while reducing slippage through smart routing for more precise execution, further optimizing the overall experience and making DeFi operations simpler and more efficient.
III. How Symphony addresses the pain points of DeFi
1 / Let's first take a look at several major issues currently facing DeFi
1. Complex operations: Ordinary users find it challenging to grasp cross-chain bridging, gas fees, protocol rules, etc., resulting in a steep DeFi learning curve.
2. Fragmented liquidity: The funding pools of different chains and protocols are isolated, requiring users to manually seek the best opportunities.
3. Security risks: Bridging and manual operations can easily lead to fund loss, and AI-driven transactions may also fail due to misjudgment (hallucination).
2 / How Symphony addresses these challenges
1. Secure and verifiable execution layer
Its smart wallet and end-to-end proof mechanism ensure the operational safety and traceability of AI agents. If an agent operation fails, the system will automatically roll back the transaction to protect user funds.
2. High-speed cross-chain orchestration
Symphony's technology supports cross-chain transactions in 3 seconds, 45 times faster than traditional bridging solutions. At the same time, it optimizes the protocol calling process, allowing AI agents to focus on strategies rather than technical details.
3. User-friendly design
From logging in via email to one-click operations, Symphony makes DeFi usage as simple as online shopping.
Symphony recently completed the first AI agent cross-chain execution in crypto history, proving the reliability of its technology. This means that in the future, your funds can flow seamlessly between chains like Ethereum, Solana, Arbitrum, etc., while you only need the time to drink a cup of coffee.
IV. Symphony's Technology and Team
Symphony's technological strength comes from its strong R&D background, with team members from top crypto companies such as Axelar, ConsenSys, Kraken, Metamask, Kava, etc., developed over 18 months. Its core technologies include:
1. Cosmos Ecosystem: Symphony is built on the Cosmos SDK, featuring efficient cross-chain interoperability.
2. Sympson AI Agent: Symphony's AI agent (like Sympson) can handle complex DeFi strategies, supporting over 400 types of assets and forex trading, executing transactions 45 times faster than solutions like LayerZero.
3. Sharding Engine: Symphony's sharding technology allows agents to execute transactions simultaneously across multiple protocols, reducing slippage (price deviation), making it suitable for large transactions.
V. $SMY Tokenomics
$SMY is the utility and governance token of the Symphony network, which has not yet been issued. The specific time for TGE will be announced through the official community channel as soon as possible, so please keep an eye on the latest updates.
When staking on Symphony, the staking mechanism is designed specifically for long-term holders, ensuring they can receive ongoing and attractive returns:
1. Incentivize long-term stakers: The longer you hold, the higher your returns.
2. Enjoy protocol APY: Provide stable annualized returns for stakers.
3. Balance trading activity: Balance trading behavior with long-term healthy growth through incentive mechanisms.
$SMY token supply information:
Total supply: 1 billion $SMY
The distribution mechanism and usage will be detailed after the TGE.