Buy Symbiosis (SIS)
What is Symbiosis Finance?
Symbiosis Finance (SIS) is a decentralised multi-chain liquidity protocol that aggregates liquidity across both Ethereum Virtual Machine (EVM) and non-EVM networks. It allows users to perform seamless cross-chain token swaps with a single click, ensuring efficient any-to-any token exchanges. The protocol is designed to simplify cross-chain asset transfers and address liquidity fragmentation in the decentralised finance (DeFi) ecosystem.
How does Symbiosis Finance work?
Symbiosis Finance leverages a combination of on-chain smart contracts and an off-chain decentralised Relayers Network to manage secure cross-chain transactions and data transfer.
Key features include:
- Cross-chain swaps: Perform token exchanges without requiring multiple transactions.
- Relayers Network: Provides secure data transmission across blockchain networks.
- Liquidity aggregation: Pulls liquidity from various AMMs and DEXs to ensure optimal rates.
- Interchain Communicating Messenger: Facilitates streamlined DeFi liquidity provision.
- Cross-chain zaps: Enables integration into Symbiosis Octopools for efficient liquidity management.
The platform's architecture enhances interoperability while ensuring transparency through tools like the Symbiosis Explorer.
What are the potential use cases for Symbiosis Finance?
Applications:
- Cross-chain token swaps: Enable users to seamlessly exchange tokens across different blockchains.
- Liquidity provision: Offer liquidity across multiple blockchain networks.
- DeFi farming and yield generation: Participate in decentralised finance farming opportunities.
- Interchain communication: Facilitate cross-chain functionality for DeFi applications.
Industries:
- Decentralised Finance (DeFi)
- Cryptocurrency exchanges
- Cross-chain interoperability solutions
- Blockchain infrastructure
Partnerships:
Symbiosis Finance has established strategic partnerships with notable entities, including:
- Binance Labs: Strategic investment.
- 1inch: Asset swap integration.
- TRON and AAVE: Collaborations for cross-chain functionality.
- Mantle and HTX: Expanding its operational reach.
What is the history of Symbiosis Finance?
Symbiosis Finance was founded in 2021 by Nick Avramov, who has a background in marketing and significant experience in blockchain projects.
Key Milestones:
- 2021: Completed MVP for a cross-chain decentralised exchange and established the Relayers Network.
- 2022: Launched Symbiosis V1 β-mainnet and received investment from Binance Labs.
- 2023: Expanded support from 10 to 20 networks, introduced SIS Octopool, and achieved over $1 billion in total transaction volume.
Updates:
- Integration of Metis as the 20th supported network.
- Launch of the SIS Scroll Pool and Token Teleport.
- Introduction of veSIS for staking and governance.
- Development of Symbiosis Protocol V2 with multi-coin liquidity pools.
Symbiosis Finance continues to enhance its infrastructure, driving cross-chain interoperability and liquidity solutions for the DeFi ecosystem.
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Frequently Asked Questions (FAQs)
What is the current price of Symbiosis (SIS)?
The Symbiosis price is $0.15966723 AUD, representing a -5.08% from the day prior.
Where is the best place to buy Symbiosis (SIS) in Australia?
The best place to buy Symbiosis (SIS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Symbiosis (SIS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Symbiosis (SIS)?
The trading volume of Symbiosis (SIS) is $1.1M AUD in the last 24hrs, representing a -5.08% from the day prior.
How can I buy Symbiosis (SIS)?
Symbiosis (SIS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Symbiosis (SIS)?
The current market cap of Symbiosis (SIS) is $10.4M AUD.
Can I convert Symbiosis (SIS) to cash?
Yes - With Coinstash you can convert your Symbiosis (SIS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Symbiosis (SIS) are there?
The current circulating supply of Symbiosis (SIS) is 65.3M.
Is Coinstash a safe place to buy Symbiosis (SIS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Symbiosis (SIS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.