{"id":224070,"date":"2022-03-10T05:00:00","date_gmt":"2022-03-10T05:00:00","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=224070"},"modified":"2022-03-10T15:34:29","modified_gmt":"2022-03-10T15:34:29","slug":"multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch\/","title":{"rendered":"Multi-chain instant swap platform Symbiosis announces beta mainnet launch"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software\u2013leveraging a simple solution for moving liquidity across different chains.<\/span><\/p>\n<h2><strong>The core of the Symbiosis protocol\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">As a decentralized multi-chain liquidity protocol, Symbiosis enables users to swap assets between different blockchains while remaining the sole owners of the funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus far, the protocol supported for networks including [cs_coin]BNB[\/cs_coin] Chain (formerly BSC), [cs_coin]ETH[\/cs_coin], [cs_coin]MATIC[\/cs_coin], and [cs_coin]AVAX[\/cs_coin]. However, more networks will be added in the upcoming future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, the protocol supports four leading DEXes, including Uniswap, PancakeSwap, Pangolin, and QuickSwap.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the announcement, the protocol intends to continue expanding its list of supported DEXes, creating competition between them\u2013ensuring that Symbiosis users receive the best prices during their token swaps.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An attraction, so divine, strong reaction, so alive.<\/p>\n<p>So good, so right. <\/p>\n<p>The Symbiosis \u03b2-mainnet is here.<a href=\"https:\/\/t.co\/Ju21KSeyWX\">https:\/\/t.co\/Ju21KSeyWX<\/a><\/p>\n<p>&mdash; Symbiosis works \ud83d\udc7e (@symbiosis_fi) <a href=\"https:\/\/twitter.com\/symbiosis_fi\/status\/1501569445952634884?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Symbiosis protocol token is SIS\u2013deployed on Ethereum and used for the Symbiosis DAO and DAO Treasure governance, and\/or for staking to run a node in the relayers network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All the supported blockchain networks on Symbiosis work as liquidity pools, which makes asset prices dependent on the volume of funds available in a pool.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, any increase or decrease in the asset volume in a pool will create arbitrage opportunities for traders.<\/span><\/p>\n<h2><strong>Easy-to-use solution for moving liquidity across different chains<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Symbiosis beta mainnet allows users to swap \u201cany token to any token\u201d with no need for special software.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, it\u2019s compatible with the leading wallets, including MetaMask, Coin98, Trust Wallet, and ONTO Wallet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per Symbiosis Finance, the protocol has undergone three severe security audits\u2013performed separately by SlowMist, Omniscia, and Zokyo, with more to follow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the mainnet launch, Symbiosis will be adding new blockchains\u2013including [cs_coin]SOL[\/cs_coin], [cs_coin]LUNA[\/cs_coin], [cs_coin]CELO[\/cs_coin], and [cs_coin]BOBA[\/cs_coin], amongst others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the protocol announcement, Symbiosis v.2 with implemented sidechains and additional features, including unified AMM pools, cross-chain farming, and smart order routing, is in the works.\u00a0<\/span><\/p>\n<p><em>Disclaimer: Symbiosis is an advertising partner of CryptoSlate.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that allows users to perform any crypto token swap. After a long period of testing, Symbiosis announced its beta mainnet launch which enables instant swaps with no need for special software\u2013leveraging a simple solution for moving liquidity across different chains. The core of the Symbiosis [&hellip;]<\/p>\n","protected":false},"author":699,"featured_media":224107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46940,77472],"tags":[76230,77484,77262,76128,76932,76797,76931],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multi-chain instant swap platform Symbiosis announces beta mainnet launch<\/title>\n<meta name=\"description\" content=\"Symbiosis beta mainnet launch enables users to swap assets between different blockchains with no need for special software.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-chain instant swap platform Symbiosis announces beta mainnet launch\" \/>\n<meta property=\"og:description\" content=\"Symbiosis beta mainnet launch enables users to swap assets between different blockchains with no need for special software.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T05:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-10T15:34:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/symbiosis-link.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ana Grabundzija\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ana Grabundzija\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/multi-chain-instant-swap-platform-symbiosis-announces-beta-mainnet-launch\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#person\",\"name\":\"Ana Grabundzija\",\"url\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ana-grabundzija\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/05\/cs-author-ana-300x300.jpg\",\"caption\":\"Ana Grabundzija\"},\"jobTitle\":\"Journalist\",\"description\":\"Dr. Ana Grabundzija is a Zagreb-bred writer with an academic background in anthropology. 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