Led · Seed · May 2023

Asymmetry Finance is a liquid staking tokens (LST) protocol that launched its platform alongside a seed fundraise. Its flagship product, Simple Asymmetry Finance Ethereum (safETH), uses a fee-free decentralized asset basket, simplicity/accessibility, and indexed products to deliver passive, diversified staking yield. The team positions safETH as a way to mitigate centralization risk in the LST market, which the article notes is a $13.6 billion market with 88% currently staked via Lido. Co-founders Justin Garland and Hannah Hamilton framed the protocol as complementary to existing providers rather than a direct challenge, emphasizing decentralization and capital efficiency. Asymmetry plans to use its new capital to further develop the protocol, hire top talent, and onboard DeFi users and institutions.