Cross-chain AMM DEX Symbiosis: A Solution for Interoperability and Liquidity

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 (including Layer 1 and Layer 2) and different virtual machine environments (EVM and non-EVM), users and developers are in urgent need of 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 provide a detailed introduction to the working principle, technical advantages, and background information of Symbiosis.

The Current Status and Challenges of Cross-Chain Transactions

Before fully understanding the advantages of Symbiosis, we first need to understand the main issues faced by current cross-chain transactions. With the continuous launch of various public chains, more and more projects choose to build on different blockchains. However, this diversity also brings bottlenecks in interoperability between networks. Although traditional single-chain structures have advantages in security and stability, there are huge limitations in communication and asset flow between chains.

The main issues that most cross-chain projects are currently facing include:

1. Complex Operation: Users often have to go through multiple steps to exchange assets across different blockchains, 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 significantly increase, especially with 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. Historically, there have been multiple incidents where large 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 assets from a portion of chains for cross-chain transactions, resulting in excessive limitations and a poor user experience.

In this context, Symbiosis offers 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 from different blockchains, whether they are EVM compatible, non-EVM compatible, or even include the BTC ecosystem.

Through Symbiosis, users can easily achieve token swaps between different networks, completing complex cross-chain transactions in a single operation in the form of 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 their 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 wider variety of tokens. Regardless of the type of tokens users hold, or which network these tokens are on, they can easily exchange and transfer them through Symbiosis.

Pool and Zap

Users can provide Liquidity on any chain supported by Symbiosis and earn yields, 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 AAVE, LIDO, and BEEFY.

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 various 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 TRON, TON, and part of the BTC ecosystem, making it the core cross-chain bridge of TON.

Generally, cross-chain projects only support a few types of assets for cross-chain transactions, and there are many limitations. Symbiosis supports cross-chain transactions of various assets, allowing users to acquire any supported assets. This extensive network support means that users can freely move funds within a broader ecosystem, no longer restricted by a single network.

Minimalist user experience

Symbiosis presents the cross-chain and Swap process to users through a simple UI, allowing complex trading processes to be completed with just one step. It also supports receiving cross-chain assets by simply entering an address, maximizing 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 barriers to entry and helping Web3 to release more liquidity.

The platform's design greatly simplifies the operation process, making cross-chain trading as easy as single-chain trading.

Powerful 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.

Symbiosis has passed the audits of multiple security review agencies and plans to conduct more audits to ensure the highest level of security.

Low cost and high efficiency

The efficient architecture and automated market-making mechanism of the Symbiosis platform reduce the costs of cross-chain trading and provide faster transaction 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 fully 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 through 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 multiple large aggregators and closely collaborates with several well-known DEX platforms.

Symbiosis has received investments from several well-known investment institutions and has been funded by multiple 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, of which 65% is already in circulation. SIS can be used across multiple blockchain networks and is listed on several exchanges.

The main functions of SIS include governance voting, protocol security, and protocol incentives. SIS adopts the VE model, where holders stake SIS to obtain veSIS and enjoy various benefits, including airdrop distribution, voting rights, and increased earnings.

Recently, Symbiosis executed a token burn through DAO voting, marking the entry of the ecosystem into a new phase, and will continue to iterate and optimize to enhance the value of SIS.

Compared to similar projects, SIS has a lower market capitalization, but its technological maturity and collaboration network give it great potential, making it likely to become a 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 technological architecture and innovative solutions, Symbiosis is addressing the major pain points in cross-chain trading and bringing more opportunities and possibilities to Web3.

Looking ahead, with the addition of more blockchain networks and the introduction of more liquidity sources, Symbiosis is expected to further strengthen its position in the Web3 ecosystem and become a leader in the cross-chain technology sector. For users and developers who wish to freely move funds across different blockchains, Symbiosis is undoubtedly a platform worth关注 and参与.