19 November, 2021
Symbiosis Finance is a multi-chain liquidity protocol that aggregates decentralized exchange liquidity across all EVM and some non-EVM networks.
Symbiosis aim at solving the twofold problem: liquidity fragmentation across different blockchain networks, and poor user experience while working with Defi and web3 economy. Symbiosis simplifies the time-consuming process of finding a suitable cross-chain bridge so you can get the tokens you need. With a single click, crypto enthusiasts can get token swaps done — regardless of the network they’re on.
The SIS token is used as a governance token of Symbiosis DAO and Treasury. On top of that, relayers network nodes have to stake SIS to participate in consensus and process swaps.