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Symbiosis

Symbiosis

Symbiosis is a cross-chain liquidity aggregation protocol.

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All edits by  Aleksandr Leonichev 

Edits on 21 Jul, 2022
Aleksandr Leonichev profile picture
Aleksandr Leonichev
edited on 21 Jul, 2022
Edits made to:
Infobox (+2 properties)
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Partner organizations
Liquidifty
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Edits on 20 Jul, 2022
"All information is taken from the project documentation, I will add more tomorrow. I will be glad to receive feedback"
Aleksandr Leonichev profile picture
Aleksandr Leonichev
edited on 20 Jul, 2022
Edits made to:
Article (+1 images) (+1719/-166 characters)
Article

Symbiosis is a decentralized multi-chain liquidity protocol. It allows users to swap assets between all the blockchains while remaining the sole owners of the funds.

The Symbiosis Protocol meets the following requirements:

  • Simple user experience

No additional wallets, long waiting time, or extra steps to proceed with a swap.

  • Interchain communicating

Supplying liquidity to third-party DeFi protocols via Symbiosis. Yes, it's in one click (one transaction) and cross-chain.

  • Interoperable

It connects every blockchain that gets enough market attention. Our ultimate goal is to bridge all networks together.

  • Non-Custodial

No one (including the Symbiosis team) has access to users' funds.

  • Limitless cross-chain liquidity

It targets as many tokens pairs as possible across all blockchains, while providing the good prices for swaps between any arbitrary token pair.

There is a high level scheme of the Symbiosis protocol.

...

Symbiosis is a decentralized multi-chain liquidity protocol. It allows users to swap assets between all the blockchains while remaining the sole owners of the funds.

  1. The front-end is a web interface or mobile application. It collects information about assets on the blockchains supported by the Symbiosis protocol, builds optimal routes for swaps (the routes with the good price), helps users to sign and send transactions to the blockchains.
  2. The cross-chain liquidity engine is a set of smart contracts deployed on every blockchain supported by the Symbiosis protocol. It operates concentrated cross-chain liquidity pools and off-chain routing mechanisms, allowing to tap into AMM liquidity across all blockchains.
  3. The relayers network is a P2P node network of decentralized custodians. The relayers listen to events emitted by the cross-chain liquidity engine on every supported blockchain, reach a consensus on each event, sind and send transactions to appropriate blockchains.

Aleksandr Leonichev profile picture
Aleksandr Leonichev
edited on 20 Jul, 2022
Edits made to:
Infobox (+3 properties)
Infobox
Announcement URL
https://t.me/symbiosis_announcements
Official Website
https://www.publish0x.com/symbiosis-finance-blog
Whitepaper
https://docs.symbiosis.finance/

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