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Symbiosis Finance is a liquidity protocol that combines decentralized exchange liquidity from various blockchain networks, including EVM and some non-EVM networks. It aims to address the issues of liquidity fragmentation and poor user experience in the Defi and web3 economy. Symbiosis simplifies the process of finding cross-chain bridges, allowing users to easily swap tokens with just one click, regardless of the network they are on. The SIS token serves as the governance token for Symbiosis DAO and Treasury, and relayers network nodes are required to stake SIS for consensus and swap processing.
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What is Symbiosis and its key features?
Symbiosis is a decentralized multi-chain liquidity ecosystem designed to enable seamless token swaps across different chains while ensuring users maintain ownership of their funds. The Symbiosis solution is built on the following principles:
- Fully decentralized: The protocol cannot be stopped or censored by any central party.
- Interoperable: Symbiosis aims to connect all chains with sufficient market attention.
- Non-Custodial: Neither the Symbiosis team nor any other entity can access user funds.
- Limitless cross-chain liquidity: The protocol targets a wide range of token pairs across all chains, offering competitive swap prices.
The Symbiosis protocol consists of two main components:
- Relayers network: A permissionless P2P network of relayers, independent of any specific blockchain, incentivized through crypto economics.
- Cross-chain liquidity engine: Smart contracts managing concentrated cross-chain liquidity pools and off-chain routing mechanisms, enabling users to tap into AMM liquidity across all supported chains.
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