Asymmetry Finance

Asymmetry Finance, founded in 2022, operates as a decentralized finance (DeFi) protocol focused on addressing centralization within the staked Ether market. The company was co-founded by Justin Garland and Hannah Hamilton. Garland, who discovered Bitcoin in 2011, holds degrees in software engineering and finance. Hamilton began her journey in the crypto space in 2014 while studying mathematics and previously worked as an actuary in traditional finance, bringing a risk-management perspective to the firm's product development. Their combined expertise aims to create structured DeFi products that offer optimized, sustainable yields.

The firm's business model centers on creating and managing a suite of DeFi products that generate yield for users through complex staking and lending strategies. Asymmetry Finance targets DeFi users seeking higher, yet sustainable, returns on their crypto assets, particularly staked Ether. The protocol operates on the Ethereum blockchain and generates revenue through its various yield-generating products. The core of its offerings includes Liquid Staking Token (LST) solutions designed to provide market-leading yields while promoting decentralization. The protocol also features a native governance token, $ASF, which allows holders to vote on proposals and shape the platform's future.

Asymmetry's product line includes afETH, a hybrid Liquid Staking Token that combines Staked Frax Ethereum (sfrxETH) and vote-locked Convex (vlCVX) to generate yields significantly higher than standard ETH staking. This is achieved through the 'Asymmetrical Allocation Algorithm,' which splits user deposits to optimize rewards from the Curve and Convex ecosystems. The firm has also developed afCVX for high-yield Convex staking and is introducing afUSD, a fully on-chain synthetic dollar designed to offer stable, high APY with minimized risk. The protocol previously offered safETH, a diversified basket of LSTs, which is now a legacy product in withdrawal-only mode as the company shifts focus to newer, higher-yield offerings. Keywords: Decentralized Finance, DeFi, Liquid Staking Tokens, LST, Ethereum staking, yield optimization, crypto yield, afETH, Justin Garland, Hannah Hamilton, synthetic dollar, afUSD, Convex Finance, Curve ecosystem, blockchain finance, digital assets, crypto asset management, high-yield staking, staking protocol, governance token, ASF, risk-adjusted returns, structured crypto products