Dubai, UAE Could 17, 2023 – Symbiosis is a cross-chain DEX that aggregates liquidity from completely different blockchains, making it easy for customers to commerce any token and switch their belongings throughout chains.
The Symbiosis crew is thrilled to announce the deployment of $SIS, the governance token of the Symbiosis ecosystem, on zkSync, a layer-two scaling answer that enhances privateness and throughput for Ethereum and different blockchains.
$SIS serves as a method of staking for operating a node in the community of relayers and is rewarded to customers as an incentive. Till now, $SIS was deployed solely on Ethereum, BNB Chain, and Arbitrum, supporting the veSIS mechanism, token rewards for steady farms, LP farms on DEX, and DAO voting.
Now, Symbiosis is increasing its multi-chain surroundings by introducing $SIS on zkSync, which marks a big step ahead. The undertaking believes that zero-knowledge proofs are mandatory for the blockchain’s privateness and scalability. By having $SIS on zkSync, Symbiosis goals to draw a broader group to its native token.
Symbiosis continues to innovate in the cross-chain house, and zkSync integration is simply the starting. The undertaking is dedicated to providing thrilling updates and increasing its options to create a extra seamless and decentralized swapping expertise.
Contract tackle: 0xdd9f72afED3631a6C85b5369D84875e6c42f1827
Symbiosis is the excellent answer for DeFi fans who need to swap any token with ease and switch their belongings throughout completely different blockchains. With only one click on, any-to-any cross-chain operations are executed, offering aggressive change charges and minimal transaction prices.
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