Symbiosis Declares Release of Its Mainnet Beta Version

Symbiosis Finance is a multi-chain Automated Market Maker Decentralized Exchange as well as liquidity platform enabling users to conduct swap for any cryptocurrency token.
As per its announcement, protocol is looking for extension for its list of backed Decentralized exchanges, it currently includes Pangolin, QuickSwap, etc.
The protocol also declared that its beta version with implemented sidechains as well as extra features involving smart order routing and more.

At The Heart Of Symbiosis Protocol

Symbiosis, as a decentralized multi-chain liquidity protocol, it allows the users to swap tokens among distinct blockchains while keeping ownership of funds to themselves.

Thus far, protocol backed some of the networks involving BNB Chain (previously BSC), Avalanche (AVAX), Polygon (Matic), and Ethereum (ETH). However, the protocol has said it will include more projects in upcoming years.

That said, Symbiosis currently backs 4 top-notch decentralized exchanges, involving QuickSwap, Pangolin, PancakeSwap, and Uniswap.

Symbiosis announced that, protocol is eyeing to constantly expand its queue of backed DEXes, raising competition among them, making sure that users of this protocol receives a good amount of profit when they put their tokens on work.

An attraction, so divine, strong reaction, so alive.
So good, so right.
The Symbiosis β-mainnet is here.https://t.co/Ju21KSeyWX
— Symbiosis works ? (@symbiosis_fi) March 9, 2022

Token of Symbiosis protocol is SIS-deployed on ETH and utilized DAO Treasure governance as well as Symbiosis DAO, and for staking to operate a node in network of relayers.

All backed blockchain networks on Symbiosis operate as liquidity pools, making asset values rely upon fund volumes available in pool.

That said, an uprise or downside in volume of asset in the pool will generate investment opportunities for traders.

User-Friendly Solution For Mobilizing Liquidity Across Distinct Chains

Symbiosis beta mainnet enables the folks to swap any token for any token without the requirement of any distinct software.

Additionally, it is compatible with top-notch wallets, involving ONTO wallet, Trust Wallet, Coin98, and MetaMask.

According to Symbiosis Finance, protocol has gone through 3 critical security audits, conducted safely via Zokyo, SlowMist, Omniscia, with more to come.

Following release of Mainnet, Symbiosis will include news blockchains, Boba Network, Celo, Terra, and Solana, among others.

As per the declaration of protocol, version 2 of Symbiosis with implemented sidechains as well as extra features, involving smart order routing, cross-chain farming, and unified AMM pools are under development.

How Is Symbiosis Beta Mainnet Distinct?

As it is already mentioned in the article, this version will allow folks to swap without any requirement of special software to utilize Symbiosis.

It is user-friendly with mobile as well as web browsers. Apart from this, it has a complete compatibility with ONTO, Trust, MetaMask, and Coin98 wallet, with an option to connect wallet additionally.

Through this protocol, it is easy to handle liquidity on any chain from just one interface, which is a massive perk in itself. In respect to planning, protocol primarily focuses on B2B with mobile SDK as well as JS/TS libraries all set. Lately, two more wallets were added, and many are on integration waitlist.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing