Symbiosis Finance is a multi-chain AMM DEX and a liquidity protocol that allows users to perform any crypto token swap.
After a long period of testing, Symbiosis announced the beta mainnet launch, which enables instant swaps with no need for special software, a simple solution for moving liquidity across different chains.
The protocol of Symbiosis is the heart of it.
As a multi-chain protocol, Symbiosis allows users to swap assets between different blockchains while remaining the sole owners of the funds.
The protocol has supported networks such as BNB Chain, formerly BSCEthereum, Polygon, and Avalanche. In the future, more networks will be added.
The protocol supports four leading DEXes, including Uniswap, PancakeSwap, Pangolin and QuickSwap.
The protocol intends to expand its list of supported DEXes, ensuring that Symbiosis users get the best prices during their token swaps, according to the announcement.
Symbiosis protocol token is deployed onEthereum and is used for the DAO and DAO Treasure governance, and for staking to run a node in the relayers network.
All the supported Symbiosis networks work as liquidity pools, which makes asset prices dependent on the amount of funds available in a pool.
Easy-to-use solution for moving liquidity across different chains is available.
There is no need for special software to swap a token with the help of the Symbiosis beta mainnet.
It is compatible with leading wallets, including MetaMask, Coin 98, Trust Wallet and ONTO Wallet.
The protocol has had three severe security audits performed separately by SlowMist, Omniscia, and Zokyo, with more to follow, according to Symbiosis Finance.
Symbiosis will add new blockchains, including Solana, Terra, Celo, and Boba Network, amongst others.
The protocol announcement said Symbiosis v. 2 with implemented sidechains and additional features, including unified AMM pools, cross-chain farming, and smart order routing, is in the works.