Living together in Symbiosis - Finance, DeFi, Crypto, Symbiotes and Swaps
The word "symbiosis" comes from ancient Greek, meaning "living together". It covers the synergy between organism, biological interaction based on mutualistic agreement or parasitic. The two organisms, called symbionts, must be different.
Symbiosis Finance is a multi-chain AMM DEX and liquidity protocol that made liquidity fragmentation across different blockchain networks and good user experience while working with DeFi "live together". Symbiosis Finance made crypto farming, crypto swaps and DeFi work in harmony.
Symbiosis is classified by physical attachment, but Symbiosis Finance lives on the blockchain as a multi-chain liquidity enabler! The protocol can make cross-chain crypto swaps instantly and manage your liquidity on any chain, all this while aggregating decentralized exchange liquidity overall Ethereum Virtual Machine (EVM) and non-EVMs. Sound like an awesome alien symbiote that came from space!
I said multi-chain, as Symbiosis Finance expanded on four blockchains - BNB Chain, Ethereum, Polygon and Avalanche. The Symbiosis vision is to bring together all this diversity of coins, networks, and technologies in an user friendly platform. This vision includes the addition of more networks in the future.
ONTO and Symbiosis are working together in a $500 SIS giveaway on Glem and 20 participants will win $10 worth of SIS.There will be special rewards for the top 3 participants by number of entries. There are still over 40 hours until the form closes so give it a try!
They said that Symbiosis can move liquidity across BNB, and exchange it across any EVM and non-EVM networks. Swap any tokens ... yes ... any token! Hmmm.. I have to try this to make sure because it's sounds to good to be real!
"Swap Tokens, Any to Any" makes me think that Symbiosis Finance can swap any A token to B token hustle free! I have some shitcoins on Binance that I want to swap so lets try the theory!
I first tried to swap tDOGE to BNB or wrapped BNB but got stuck at checking tDOGE allocation. Tried many other tokens, such as CAKE, BTCB or even stuff on other chains but no allocation found. Any token you said?
Then I tried with some tBTC that I wanted to swap for CAKE. This transaction was supposed to follow the route tBTC - wBNB - BUSD - CAKE - CAKE with a price impact at 23.93%. I was alright with that but it didn't matter as the transaction failed anyway!
I found a quicker and cheaper route, from tBTC to BTCB, and I could confirm the swap. Confirmed at 19:28 and at 20:24 I was still waiting for the "transaction to be mined"! What does this mean? It did failed eventually ... after 2 hours of waiting.
I said I should give it a last try on Polygon... see if I can swap some Pegaxy Stone ($PGX) or Geyser ($GYSR) into some Matic! Well ... none of my Polygon tokens were visible on Symbiosis!
Hope others will have better luck with providing liquidity with ease because I didn't had the time or mood for more experiments! It does say that users can manage all liquidities from one single dashboard.
Symbiosis Finance does much better on social media then they manage swapping any tokens. On Twitter they have nearly 75 followers, even if they follow only 88 other users.
It was their Twitter where I learned that they can support several SDKs to facilitate the integration of the Symbiosis protocol. This sounds like a quality update, and I am looking forward for the integration of Zero Knowledge and Optimistic Oracle.
Symbiosis Finance rocks on Discord, with 25,000 users. It is a lively community, with lots of interesting chats about blockchain technology and crypto evolution. Looks like a cool space to learn more and be up to date with the news.
Hell yaaa! Instagram Symbiosis! Not many crypto projects are active on Instagram but to my surprise ... Symbiosis is there! The account has over one thousand followers and posts regularly.
Let's conclude the social media tour with Telegram. Everyone loves Telegram for the simplicity and efficiently in sharing news and Symbiosis Finance does well in this field. Their community has 74k members and I seen the cream of Publish0x while glancing at the users list.
Social Media
Twitter: https://twitter.com/symbiosis_fi
Telegram: https://t.me/symbiosis_finance
GitHub: https://github.com/symbiosis-finance
Discord: https://discord.com/invite/symbiosis
Blog: https://blog.symbiosis.finance/
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