I always thought and wrote that the future of cryptocurrencies is multi-chain. That's probably the reason why I am so excited about a project called Symbiosis Finance. Symbiosis Finance is a revolutionary DeFi cross-chains liquidity protocol that allows exchanging tokens on different blockchains while the user remains the owner of its funds. 

Here is all you need to know about Symbiosis Finance.

Making Cross-Chain Swaps Simple

The first thing that you really need to know about Symbiosis Finance is that it makes token swaps across different blockchains very simple. 

Symbiosis Finance is fully decentralized which means that you do not need to have an account to trade on Symbiosis Finance. All you need are some funds in a non-custodial wallet like Metamask, Trust Wallet, or Atomic Wallet. You always remain the owner of your funds, even during the process of the actual token swap. No staff member from Symbiosis Finance or any other person has access to your funds. This is typical for Decentralized Finance products.

What is really revolutionary about Symbiosis Finance is that it is not only fully decentralized but also limitless multi-chain. Symbiosis Finance connects any blockchain like Ethereum or BNB chain as long as it receives enough attention from the market while e the ultimate goal of Symbiosis Finance is to connect ALL blockchains. At the same time, the target is to offer as many token pairs for swapping across different blockchains.

Especially by supporting these multi-chain swaps across different blockchains, Symbiosis Finance offers a quite simple user experience compared to traditional Decentralized Exchanges that are only supporting one blockchain.

The important thing is that you know how to take advantage of this revolutionary protocol. Knowing every single technical detail is less important. It is like electricity. You do not need to know how electricity works in detail, important is that you know how to use electricity for your own benefit. However, if I try to put it as simple as possible, it works like this: Symbiosis Finance routs swaps through liquidity pools containing stablecoins. The initial asset gets swapped for a stablecoin and then that stablecoin gets swapped for another stablecoin on the destination blockchain. In the end, this stablecoin on the other blockchain gets finally swapped for the destination asset. All this is happening "behind the scenes" so that the user experiences this complex process as one single seamless process with only one gas fee payment.

$SIS Token

The $SIS token is the native token of Symbiosis Finance. It is an ERC20 token running on the Ethereum blockchain. The network's security is maintained by staking $SIS tokens. Everyone who wants to run a node in the relayers' network needs to stake $SIS.

The $SIS token will also be used for governance in the Symbiosis DAO. The Symbiosis DAO determines the future direction of the network as well as the allocation of the DAO treasury.

$SIS has a circulating supply of 9.7 Million tokens and a total supply of 100 Million. If you are looking to buy or sell $SIS tokens, Bybit exchange is currently the most active exchange.

My Final Words

I hope that I could provide you with some interesting and useful information about Symbiosis Finance, a decentralized multi-chain liquidity protocol that allows its users to exchange tokens between different blockchains.

At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of Symbiosis Finance and my intention is not to replace your own research. Please note that this post is my entry to the #SymbiosisDeFined writing competition here on Publish0x. However, let me ensure you that I would not have participated in this competition if I weren't 100% convinced by this project. Symbiosis is revolutionary as it is the first DeFi cross-chains liquidity protocol that allows exchanging tokens on different blockchains.

If you want to keep yourself up to date with the developments of Symbiosis Finance, I recommend following them on their social media like here on Publish0x as well as on Twitter, Facebook, Telegram, Medium, and Discord.

Thank you guys as always for your support and if you like, you can also follow me on Twitter and also on noise.cash 😉

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