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Symbiosis Finance is a multi-chain liquidity protocol that aggregates exchange liquidity across all Ethereum virtual machine (EVM) and non-EVM compatible blockchains.
Symbiosis aims 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.
referencePosted on 28 Dec 2024, this text provides information on Miscellaneous in Cryptocurrency related to Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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