Symbiosis Finance aggregates decentralized exchange liquidity overall Ethereum Virtual Machine (EVM) and non-EVMs, as the project is adding soon Solana, Terra and a few more, compatible blockchains to transfer members interactions with low slippage interoperably.
The native token, $SIS, is deployed through the Ethereum (ETH) network and used for staking to run a relevant node of relayers’ distribution on the platform to aid governing the Symbiosis Finance Decentralized Autonomous Organization (DAO) and treasury.
All current supported networks include: Ethereum, Binance Smart Chain, Polygon, Avalanche, Huobi Eco Chain and OEC (previously OKEx Chain).
Symbiosis Finance smart contracts are deployed and tuned by the platform administrators to perform cross-chain swaps and create a cross-chain liquidity engine for users.
Doing this creates a blockchain metaverse with unified interoperability for the platform with cross-chain communication to increase real-time exchange possibilities.
The platform uses two different AMM design’s for swapping namely, Curve like AMM to any other tokens, stable coins, or assets and Uni-Swap for gas fees for utilization.
The Threshold Signature Scheme (TSS) holds the trustless non-custodial system and Multi-Party Computation the platform used to operate the platform.
Symbiosis Finance is decentralized and anyone can become a relayer and benefit from the network’s community-driven, incentivized nodes bonded to the platform.
Users can discover the most efficient trade nodes and avoid getting lost in multiple applications with ease.
Symbiosis Finance is an easy way for users to utilize Uniswap without using a key file, downloading a new browser wallet or installing some special software.
The cornerstone of the platform is providing multi-chain gas-less transactions for users without the need for different native assets for gas fees.
User’s main incentives will be provided by the #relayers staking rewards program and be proportionally divided based on the amount of work done by members. Liquidity Pool (LP) staking is already live on the platform with a $SIS-$ETh pairing.
The platform is backed and supported by the Algorand (ALGO) network, Dragonfly Capital, Spartan, Blockchain.com, Kucoin, and many more.
Stay on top of project news such as the audits underway with their Twitter.
To start Harvesting #SIS visit the website: https://rewards.symbiosis.finance
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