Symbiosis is a decentralized cross-chain DEX that pools liquidity from multiple blockchains, providing seamless token swaps and asset transfers. Governance is managed through a DAO, with users staking SIS tokens to participate. The project’s tokenomics incentivize long-term involvement, and funding has been secured through token sales and strategic investments, including support from Binance Labs.
Value Proposition:
Symbiosis is a DEX that pools liquidity from various OP Chains. It enables users to swap tokens and transfer assets across different networks seamlessly, ensuring competitive exchange rates and transaction costs. The protocol is fully decentralized, non-custodial, and designed to provide a unified bridge for all blockchains, making cross-chain operations effortless and secure.
Governance:
The governance of Symbiosis is handled through a decentralized autonomous organization (DAO). Users who stake SIS tokens receive veSIS tokens, which grant voting power and rewards. To submit governance proposals, users need at least 2,000 veSIS tokens. Participants in governance functions are incentivized with additional SIS tokens, promoting active involvement in decision-making processes that shape the protocol’s future.
Tokenomics:
The Symbiosis token (SIS) is integral to the platform’s operations. It is used for staking, governance, and earning rewards. Users stake SIS to receive veSIS, which boosts their APR for providing liquidity and grants them voting power. The tokenomics are designed to incentivize long-term participation and provide utility across the Symbiosis ecosystem.
Previous Funding:
Symbiosis is funded through a combination of token sales and strategic investments. The project raised $12 million.
