Symbiosis Finance operates a cross-chain automated market maker (AMM) decentralized exchange (DEX) that aggregates liquidity from various Layer 1 and Layer 2 networks, enabling users to swap any token across multiple blockchains. This platform addresses the challenge of fragmented liquidity in decentralized finance by allowing seamless token exchanges and liquidity provision without the risk of volatility loss.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The decentralized finance (DeFi) space suffers from fragmented liquidity across various Layer 1 and Layer 2 networks, hindering seamless token swaps between different blockchains. Users face challenges in moving assets across chains without incurring significant slippage or experiencing volatility loss.
Solution
Symbiosis Finance operates a cross-chain automated market maker (AMM) decentralized exchange (DEX) that aggregates liquidity from multiple blockchain networks, including both EVM and non-EVM chains. The platform enables users to swap tokens across different blockchains in a single transaction. By pooling liquidity from various sources, Symbiosis aims to provide a capital-efficient solution that minimizes volatility loss and maximizes returns for liquidity providers. Users can also contribute liquidity to various protocols and participate in the Symbiosis DAO.
Target Audience
The primary target audience includes DeFi users seeking seamless cross-chain token swaps, liquidity providers looking for high APY opportunities, and developers aiming to integrate cross-chain functionality into their dApps.
Features
- Cross-chain token swaps across various Layer 1 and Layer 2 networks
- Aggregation of liquidity from both EVM and non-EVM compatible blockchains
- Capital-efficient multi-coin pools to minimize volatility loss for liquidity providers
- Cross-chain zaps to move liquidity across blockchains to third-party DeFi protocols in one transaction
- Farming opportunities by providing liquidity to Symbiosis Octopools
- veSIS staking for rewards and participation in the Symbiosis DAO
- API and SDK for developers to integrate cross-chain swapping and liquidity management into their applications