Symbiosis Finance enables cross-chain swaps by aggregating liquidity from decentralized exchanges across 39+ blockchains, using synthetic tokens to facilitate transfers without manual bridging. It leverages a decentralized relayer network to execute transactions, ensuring non-custodial operations where users retain full control of their assets. The protocol’s automated market maker (AMM) model optimizes pricing by pooling fragmented liquidity into a unified system.
Is Symbiosis Finance a secure platform?
Symbiosis Finance employs decentralized relayers and non-custodial mechanisms, ensuring users’ funds remain secure during cross-chain transactions. Users are advised to enable two-factor authentication, use strong passwords, and safeguard their mnemonic phrases to enhance wallet security. The protocol’s smart contracts and relayer infrastructure are designed to mitigate risks of centralized intermediaries.
How to use Symbiosis Finance?
Users connect a self-custody wallet to the Symbiosis WebApp, select source and destination chains, and choose tokens for swapping or bridging. The interface displays real-time rates, slippage settings, and recipient addresses, allowing adjustments before confirming transactions. Cross-chain swaps execute in one transaction, with assets delivered to the target chain without intermediate steps.
What services does Symbiosis Finance offer?
Symbiosis Finance provides cross-chain swaps, liquidity provisioning via cross-chain zaps, and yield farming through SIS LP and veSIS staking. It supports bridging between EVM and non-EVM chains, enabling access to niche assets and emerging ecosystems. The platform also integrates with third-party protocols for lending and farming, expanding utility for decentralized finance (DeFi) users.
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