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Multi-chain liquidity protocol Symbiosis Finance has announced the launch of a beta version of the main network. Representatives of the project told ForkLog about this.
The beta network allows you to exchange any tokens without the need to install special software. It is compatible with leading wallets including MetaMask, Coin98, Trust Wallet, ONTO Wallet and more. Users can manage liquidity on any blockchain from a single interface.
“All supported blockchains on Symbiosis operate as liquidity pools, which means that the price of an asset will depend on its volume available in the pool. This opens up arbitrage opportunities for traders,” the project representatives said.
The beta has passed three independent security audits by SlowMist, Omniscia and Zokyo. During the adaptation period, the exchange function will be limited to testing hypotheses and checking the viability of the product.
Symbiosis Finance is currently supported by four decentralized exchanges, including Uniswap, PancakeSwap, Pangolin and QuickSwap. Over time, this list will expand.
Going forward, Symbiosis Finance also plans to add new blockchains, including Solana, Terra, Celo, Boba, and Aurora.
According to the roadmap, the second version of the Symbiosis v.2 protocol will implement sidechain, cross-chain farming, intelligent order routing, and unified ADM-money.
Recall that in February, Symbiosis Finance received an undisclosed amount of strategic investment from the venture division of the Binance bitcoin exchange.
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