Cross-chain AMM DEX Platform Symbiosis: Driving a New Wave of Blockchain Interoperability

In the rapid development of Blockchain technology, interoperability and liquidity issues have always been core challenges faced by the industry. With the emergence of more and more Blockchain networks and different virtual machine environments, users and developers urgently need a solution that can seamlessly exchange assets across multiple networks.

Symbiosis, as a cross-chain AMM DEX platform, was born to solve these problems. This article will detail the working principles of Symbiosis, its technical advantages, and its importance in the cross-chain trading field.

The Current Status and Challenges of Cross-Chain Transactions

With the continuous launch of various public chains, more and more projects are choosing to build on different Blockchains. However, this diversity has also brought about bottlenecks in interoperability between networks. Although the traditional single-chain structure has advantages in security and stability, it has significant limitations in communication and asset circulation between chains.

Currently, cross-chain projects mainly face the following issues:

1. Complex Operations: Users exchanging assets across different Blockchains typically have to go through multiple steps, involving different wallets and bridging services, making the process cumbersome and prone to errors.

2. High Costs: Cross-chain transactions involve fees from multiple networks, and these costs can add up significantly, especially during frequent operations.

3. Security Risks: Cross-chain bridges and relay services often become targets of hacker attacks, making fund security difficult to guarantee.

4. Cross-chain assets are limited and singular: Due to the high costs and complexity of cross-chain technology, most cross-chain projects only support a portion of assets from a part of the chain, resulting in excessive restrictions and a poor experience.

In this context, Symbiosis provides a more efficient, secure, and user-friendly cross-chain solution.

Core Functions and Technical Architecture of Symbiosis

Symbiosis is a decentralized cross-chain automated market maker (AMM) platform designed to aggregate liquidity across different blockchains, whether they are EVM-compatible or non-EVM-compatible, including the BTC ecosystem.

Through Symbiosis, users can easily achieve token exchanges between different networks, completing complex cross-chain transactions in a single operation in the form of a Swap. This seamless user experience relies on the unique technical architecture of Symbiosis.

on-chain smart contract

Symbiosis uses on-chain smart contracts to handle the logic of cross-chain transactions. These contracts are deployed on multiple supported Blockchain networks, ensuring the decentralization and transparency of cross-chain transactions. Each cross-chain transaction initiated by users is processed through these smart contracts, ensuring the accuracy and security of the transactions.

off-chain relay network

In addition to smart contracts on the chain, Symbiosis has also designed an off-chain relay network. These relays are responsible for transmitting messages and assets between different Blockchains, thereby enabling cross-chain communication. The non-custodial design of the relay network ensures the security of transactions while improving their efficiency.

seamless cross-chain exchange

The Symbiosis platform allows users to seamlessly complete cross-chain asset exchanges on a single interface, offering greater freedom and flexibility compared to other cross-chain platforms, and supporting a wider variety of tokens. Regardless of what tokens users hold or on which network those tokens exist, they can easily exchange and transfer them through Symbiosis.

Pool and Zap

Users can provide liquidity and earn yields on any chain supported by Symbiosis, and can also use the Zap feature to simplify cross-chain and DeFi interactions into a one-stop operation. Any asset on any blockchain can be provided to lending, farming protocols, or Symbiosis Octopools on another blockchain with just one click (one transaction). Cross-chain Zaps currently support multiple DeFi protocols.

Advantages and Innovations of Symbiosis

The emergence of Symbiosis not only addresses many pain points of current cross-chain transactions but also possesses unique advantages in multiple aspects, making it a future paradigm and leader in cross-chain projects.

High interoperability

Symbiosis supports liquidity for up to 34 blockchains, covering both EVM-compatible chains and non-EVM-compatible chains, including TRON, TON, and part of the BTC ecosystem. This extensive network support means users can freely move funds within a broader ecosystem, no longer limited by a single network.

Minimalist user experience

Symbiosis presents the cross-chain and Swap processes to users through a simple UI, allowing complex transactions to be completed with just one step. It also supports receiving cross-chain assets by simply entering an address, maximizing user experience.

Strong Security

The on-chain smart contracts and off-chain relay network of Symbiosis are meticulously designed to ensure the security and transparency of cross-chain transactions. The non-custodial architecture further reduces the risk of funds being hacked while also avoiding centralized control over user assets.

low cost and high efficiency

The efficient architecture and automated market maker mechanism of the Symbiosis platform reduce the costs of cross-chain transactions and provide faster trading speeds. By aggregating the liquidity from multiple networks, Symbiosis also offers users more competitive prices and lower slippage.

Decentralization and Community-Driven

The completely decentralized design of Symbiosis means that all cross-chain transactions are automatically executed by smart contracts, without the intervention of centralized institutions. In addition, Symbiosis encourages community participation by allowing users to play an active role in the platform's development through governance tokens and various reward mechanisms.

Symbiosis Background Information

Symbiosis supports seamless asset exchange across 34 blockchain networks, having processed over 2.5 billion+ USD in exchange volume, completed 2.34 million+ transactions, and interacted with nearly 390,000 wallets.

Symbiosis has been integrated into multiple large aggregators and works closely with several well-known DEX platforms. Additionally, Symbiosis has received investments from multiple well-known investment institutions, as well as funding from various blockchain projects, further enhancing its influence in the cross-chain ecosystem.

Governance Token SIS

The governance token of Symbiosis is SIS, with a maximum supply of 100 million, and 65% has already been circulated. SIS can be used across multiple chains and has been listed on several exchanges.

The main functions of SIS include governance voting, protocol security assurance, and protocol incentives. SIS adopts the VE model, where holders stake SIS to obtain veSIS and enjoy multiple rights, including participation in airdrops, voting rights, and increased earnings.

Recently, Symbiosis executed a certain amount of SIS token burn through DAO voting, marking the platform's entry into a new development phase and bringing potential value enhancement to SIS.

Future Outlook of Symbiosis

Symbiosis, as a leading cross-chain AMM DEX platform, is reshaping the way assets are exchanged within the Blockchain ecosystem. Through its unique technical architecture and innovative solutions, Symbiosis is addressing the major pain points in cross-chain transactions and bringing more opportunities and possibilities to Web3.

Looking ahead, with the addition of more Blockchain networks and the introduction of more sources of liquidity, Symbiosis is expected to further strengthen its position in the Web3 ecosystem and become a leader in the cross-chain technology field. For users and developers who wish to freely move funds between different Blockchains, Symbiosis is undoubtedly a platform worth paying attention to and participating in.