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Symbiosis Finance
Is a decentralized multi-chain liquidity protocol that allows you to exchange synthetic tokens (sToken) in one click, regardless of the blockchain network.
It works as follows: the protocol blocks the cryptocurrency in the original blockchain and releases sToken in another network in a 1:1 ratio. When cryptocurrency returns to the original blockchain, synthetic assets are burned, thus maintaining the overall balance in the networks. At the same time, the average transaction fee is only ≈ 0.01%.
At the moment, the protocol supports blockchains: Ethereum, BNB Chain, Polygon, Avalanche, Boba Network, Telos, Aurora, Milkomeda, zkSync Era, Arbitrum, Optimism and Tron.
Another feature of the project is the Cross-chain Zap service, thanks to which users get the opportunity to quickly invest in various farming protocols (e.g. AAVE, Cream, etc.).
In addition, Symbiosis provides application developers with JS SDK and Mobile SDK software to integrate technology into their projects. 4 replies
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