The New Era of Cross-Chain Trading: Symbiosis Leads the Future

In today's rapidly evolving blockchain technology, interoperability and liquidity issues have been major challenges faced by the industry. With the emergence of various blockchain networks, including different Layer 1, Layer 2, and diverse virtual machine environments, users and developers are in urgent need of a solution that can enable seamless asset exchange across multiple networks.

Symbiosis, as an innovative cross-chain AMM DEX platform, has emerged to address these critical issues. This article will delve into the operational principles of Symbiosis, its technical advantages, and its potential in the cross-chain trading domain.

The Current Status and Challenges of Cross-Chain Trading

Before diving into the advantages of Symbiosis, we first need to recognize the main dilemmas faced by current 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 bottlenecks in interoperability between networks. While traditional single-chain structures have advantages in terms of security and stability, they face significant limitations in communication and asset circulation between chains.

Currently, the main issues faced by most cross-chain projects include:

1. Complex operation: Users typically need to go through multiple steps to exchange assets between different blockchains, involving different wallets and bridging services. The process is cumbersome and prone to errors.

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

3. Security Risks: Cross-chain bridges and relay services often become targets for hacker attacks, making the security of funds difficult to guarantee. There have been multiple historical incidents where massive amounts of funds were stolen due to attacks on cross-chain bridges.

4. Cross-chain asset singularity with excessive restrictions: Due to the high cost and complexity of cross-chain technology, most cross-chain projects only support a portion of the assets from a limited number of chains, leading to excessive restrictions and a poor user 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, regardless of whether these blockchains are 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 Symbiosis's unique technological architecture.

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

Seamless cross-chain exchange

The Symbiosis platform allows users to seamlessly complete cross-chain asset exchanges on a single interface, offering more freedom and flexibility compared to other cross-chain platforms, with support for a greater variety of tokens. Regardless of the type of tokens users hold or the network they are on, they can easily exchange and transfer them through Symbiosis.

Pool and Zap

Users can provide liquidity and earn returns on any chain supported by Symbiosis, and they 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 well-known 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 and non-EVM-compatible chains, including multiple independent ecosystems, and is the core cross-chain bridge of a well-known public chain.

Generally, cross-chain projects only support a limited number of assets for cross-chain transfers, with many restrictions. Symbiosis supports cross-chain transfers of various assets, allowing users to obtain any supported asset. This extensive network support means that 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 entering only the address, maximizing the user experience.

Users can complete all cross-chain operations on a single interface, without the need for third-party tools or complex bridging services, lowering the usage threshold and helping Web3 to release more liquidity.

The platform's design has greatly simplified the operational process, making cross-chain transactions as easy as single-chain transactions.

Strong security

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

Symbiosis has passed the reviews of several well-known security audit institutions and will undergo more audits to ensure the strongest security.

Low Cost and High Efficiency

The efficient architecture and automated market maker mechanism of the Symbiosis platform reduce the cost of cross-chain transactions and provide higher trading speeds. By aggregating liquidity from multiple networks, Symbiosis is also able to offer 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 using governance tokens and various reward mechanisms, allowing users to play an active role in the development of the platform.

Symbiosis Background Information

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

Symbiosis has been integrated into all major aggregators, including several well-known platforms, and has closely collaborated with multiple exchanges and DeFi projects.

Symbiosis has received investments from several well-known investment institutions, as well as funding from multiple blockchain projects. It serves as a core bridge for a certain well-known public chain, 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, of which 65% is already in circulation. SIS can be used on multiple mainstream blockchains. It has been listed on several well-known exchanges.

The main features of SIS include:

• Governance Voting: SIS holders can participate in the decision-making process through voting, especially regarding decisions related to the Symbiosis DAO.

• Protocol Security: SIS is used for relay rewards, ensuring the stable operation of the relay network.

• Protocol Incentives: Earn SIS rewards by participating in Symbiosis activities.

SIS adopts the VE model, and holders who stake SIS receive veSIS and enjoy multiple rights.

• Symbiosis will distribute a certain amount of airdrop to veSIS token holders.

• Voting rights in Symbiosis DAO

• Increase the yield of liquidity supply

• Cross-chain fees can be reduced by up to 60%

• The native yield of staking SIS

• Other possible rights and rewards

In July, through DAO voting, a proposal to burn 251,384 SIS tokens was unanimously approved, and the burn was executed on August 7, accounting for 0.25% of the total supply of SIS.

This destruction marks the entry of Symbiosis into a new phase, where the ecosystem will continue to iterate and optimize, incorporating various mechanisms to bring SIS into a deflationary era, enhancing the value of SIS, and further advancing towards Symbiosis v3.

The total market capitalization of SIS is currently relatively low, and there is still significant room for growth compared to similar projects. If the overall market improves in the future, this growth potential may be further amplified.

Compared to other well-known cross-chain projects, Symbiosis has a lower market capitalization, but its technological maturity and partnership network give it great potential, making it very likely to be a future dark horse in the cross-chain field.

Future Prospects of Symbiosis

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

Looking ahead, as more blockchain networks join and more sources of liquidity are introduced, Symbiosis is expected to further consolidate its position in the Web3 ecosystem, becoming 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.