In v.1 (or beta-mainnet) used to test initial hypotheses, collect feedback from partners and community and so on. Now, Symbiosis V2 Launch!

0 to 1: feasibility

To stand out from the crowd, they dared to build a fully-fledged cross-chain AMM DEX, not just yet another bridge with USDJxyz illiquid useless tokens.

1 to 2: efficiency

In v1, for each pair of networks, they need to have one liquidity pool. If there is no such pool, then it is impossible to make a direct exchange between networks.

To perform cross-chain operations on the network, there are smart contracts (or an analogue of smart contracts) that implement checks and exchange logic. And blockchain networks sometimes vary a lot.

To sum up, in v1 we stuck at (1) liquidity being split among different pools equals capital inefficiency (the demand for particular swap direction in the moment of time can vary), yet liquidity is stuck just-in-case in all pools, and (2) limitation as per how many networks they can support.

Single-Sided AMM pool

All in all, in Symbiosis v2 they’re having much better pool efficiency (thus positively affecting quoted price per swap for the end users and partners using their SDK/API) and can add much more networks with ease.

What’s next?

Practically, they’ll be adding more networks (including non-EVMs) in the coming months based on the market sentiment and demand from the community and partners. Also, for some time, v1 and v2 will be working simultaneously. Those using Symbiosis API will need to just change the URL to address to v2 instead.

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About Symbiosis

The Symbiosis protocol acts as a cross-chain AMM DEX and interchain communication protocol while meeting the following requirements:

• Simple, Uniswap-like user experience
• Interchain communicating
• Fully decentralized
• Interoperable
• Non-custodial
• Limitless cross-chain liquidity

Website | Twitter

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SOURCE: MEDIUM

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Rango exchange has officially pimped with Symbiosis solutions under the hood. One of the top multi-chain systems for DEXs and bridges in the cryptocurrency industry is Rango. Symbiosis Collaboration with Rango Exchange Rango will be able to discover the quickest, cheapest, and safest path for the user regardless of where they are or where they wish to go.

They are currently supporting more than 20 blockchains, 10+ bridges/DEXs, and 6 different wallets, with the current most modern and user-friendly UX in the market.

About Symbiosis

Symbiosis aggregates decentralized exchange liquidity across any EVM and non-EVM networks. Swap any token and transfer liquidity. As a decentralized multi-chain liquidity protocol, Symbiosis enables users to swap assets between different blockchains while remaining the sole owners of the funds. Thus far, the protocol supported for networks including BNB Chain (formerly BSC), Ethereum, Polygon, and Avalanche

Website | Twitter

About Rango Exchange

Rango is the first cross-chain DEX aggregator built for the dynamic crypto industry as it supports different blockchains including EVM-based. It performs complex and multi-step swaps to provide the ultimate user experience through its easy-to-use interface. Rango will be able to find the most secure, fast, and easy path for it.

SOURCE: Symbiosis

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Symbiosis Finance is a multichain liquidity protocol that allows you to perform cross-chain swaps with ease. Recently has integrated the Milkomeda network to their protocol which therefore allows users to swap $BLUES tokens from Blueshift. As Symbiosis Extended Partnership with BlueShift.

The Partnership

This allows users to swap any token that is on the Blueshift DEX without using bridges. This also includes any token in the Cardano Native Token portfolio giving exposure to CNTs directly to other chains.

Users can swap and exchanges tokens and provide liquidity quickly and easily with little fuss and minimal steps.

As blockchain technology matures, more and more opportunities for cross-chain interoperability will emerge and give users a more seamless experience.

Blueshift is proud to be partnered with Symbiosis to make these cross-chain swaps possible and movement of liquidity easy for users.

What does BlueShift offers?

For Investors: Branded portfolios that generate yield and rebalance automatically with in 10 times less impermanent loss.

• Multichain Index
• Occam Index
• Top Metaverse Index
• DeFi Index

Traders: Each token can be swap with any other token in the protocol

• Lowest price slippage in the industry
• Zero fee for arbitrage operation

For Token Holders

• Reward for liquidity providers
• Staking reward for token holders
• Decentralized portfolio management

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About BlueShift

Bluesshift is a cross-chain decentralised exchange protocol that uses a unique portfolio pool model instead of the standard paired AMM model that most DEXes use.

This allows for efficient swaps with low slippage using our virtual pair algorithms, simple single asset liquidity provisioning and portfolio management of crypto assets as opposed to traded liquidity pairs.

Blueshift is an EVM based DEX built on the Milkomeda side chain for Cardano and Rollup for Algorand allowing for cross chain interoperability.

Website | Twitter

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About Symbiosis Finance

Symbiosis protocol is a cross-chain AMM DEX with interchain communication protocol. Provides a simple user experience, is fully decentralised, non-custodial, interoperable with EVM and non-EVM chains, and can access limitless liquidity across multiple different chains.

Website | Twitter

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SOURCE: MEDIUM

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To ease token swapping, decentralized exchanges enable crypto trading with automated market makers (AMMs). Symbiosis is a new, multi-chain protocol that aggregates token pairs across blockchains to allow quick transfer of liquidity. Symbiosis is also the latest partner to collaborate with The Standard, the creator of the innovative stablecoin protocol based on precious assets. As part of the collaboration, The Standard’s stablecoin sEURO and TST will be integrated into the Symbiosis ecosystem. As The Standard announced its partnership with Symbiosis.

Collaboration with TheStandard.io

The Standard protocol provides users with over-collateralized stablecoins such as the sEURO. These stablecoins are backed by tokenized Gold, Bitcoin, Ethereum, and more. Like the Gold Standard of days gone past, this backing guarantees the currency’s value while enabling the individuals minting the stablecoins to use fiat inflation in their favor.

The partnership with Symbiosis aims to create a sEURO / Ethereum pool and ease the swapping of the stablecoin. sEURO and TST will look to be integrated into the Symbiosis ecosystem. The collaboration also includes cross-marketing of the two parties“Our partnership is an important step towards making Web3 popularized among all groups of people who are into crypto, who aren’t, and who are just starting. Clashing two worlds of fiat money and cryptocurrency might open the world of crypto for new users,” said a spokesperson for Symbiosis..

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About The Standard ecosystem?

The aim is to unlock liquidity lying idle in precious metal assets. The Symbiosis ecosystem aims to make it easy for users to move liquidity using the sEURO/ETH pair.

Website | Twitter

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About Symbiosis

Symbiosis is a cross-chain engine and interchain communication Protocol.

The Symbiosis Protocol meets the following requirements:

• Simple, Uniswap-like user experience
• Interchain Communicating
• Fully decentralized
• Interoperable
• Non-Custodial
• Limitless cross-chain liquidity

Website | Twitter

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SOURCE

https://blog.thestandard.io/cross-chain-liquidity-enabler-symbiosis-partners-with-thestandard-io-to-integrate-seuro-and-tst-984b0fe74d12

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SafePal provides hardware wallet and software wallet products, all paired and managed through the SafePal App, a mobile portal for users to secure, manage, swap, trade, and grow their crypto wealth.

Symbiosis will be integrated into the DApp browser. This is to allow users to choose them and swap crypto faster and easier than ever.

When using SafePal hardware wallet you can be sure your assets are well protected, there are additional security measures such as CCEAL5+ Secure Element, Air-gapped Signing Mechanism, True Random Number Generator, Self-destruct Mechanism, Security passwords and phrases, Privacy mode and much more.

In addition, SafePal enables people to secure and grow their decentralized assets. And Symbiosis is proud to have such a partner!

About SafePal

Founded in 2018, SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto management platform for the masses. Being the first hardware wallet portfolio of Binance, SafePal is now serving more than 6 million users across the globe. SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App. Where users can easily store, manage, swap, trade, and grow their crypto wealth. SafePal has not only supported 15 languages, 41 blockchains, 10,000+ tokens, and NFT support, but also integrated with Binance DEX, Binance Mini Program, and all DApps on Ethererum, BSC, Solana, Tron, Polygon networks and many more.

WEBSITE | TWITTER

About Symbiosis

Symbiosis is a decentralized multi-chain liquidity protocol that enables users to perform any crypto token. And also swaps across multiple blockchains with a single click. The protocol supports 5 networks including Boba, BNB Chain, Ethereum, Polygon, and Avalanche, with more networks to come soon. Project’s mission is to solve the twin problem of interoperability while providing a user-friendly experience.

WEBSITE | TWITTER

SOURCE: MEDIUM

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INTRODUCTION

Symbiosis Finance is a multi-chain liquidity protocol that aggregates decentralized exchange liquidity across all EVM and some non-EVM networks.

They aim 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.

What this Partnership Entails 

Liquidifty plans to integrate Symbiosis solutions and bring the experience of its marketplace users to the next level!

Symbiosis solves the problem of liquidity fragmentation across different blockchain networks and enriches user experience while working with DeFi and Web3 economy.

This integration will help to make NFT purchases easier on Liquidifty! Users will get the NFTs they want with a single click, regardless of the network they’re on. No need to switch between the interfaces and swap your crypto. All this will happen automatically with Symbiosis under the hood.

About Symbiosis

Symbiosis is a multi-chain liquidity protocol. A one-click any-to-any token swap regardless of the network, both EVM and non-EVM compatible. Liquidity provision for all networks from one single interface. Decentralized, secure, and easy. They provide liquidity to every major blockchain, resulting in the formation of a blockchain metaverse. For cross-chain communication, Symbiosis functions as a unified transport layer.

Website | Twitter 

About Liquidifty

Liquidifty is a cross-chain NFT marketplace and a Launchpad with a focus on utility in projects and collectibles. They offer a wide range of events and investment tools in crypto like INO, IDO, airdrops, and others. The platform has a simple interface that allows not only to trade NFTs easily but to create an NFT store in a few minutes and get marketing support from our team.

Website | Twitter

SOURCE

https://liquidifty.medium.com/liquidifty-announces-integration-with-symbiosis-dba8324f008

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