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Multi-chain liquidity protocol Symbiosis Finance has partnered with the Boba Network platform. Representatives of the project told ForkLog about this.
Symbiosis users can exchange any Boba Network protocol tokens on the Ethereum and BNB networks. Operations will soon be available on the Avalanche and Polygon blockchains.
Boba Network’s L2 solution powered by Optimistic rollups reduces gas consumption and increases transaction speed by scaling Ethereum smart contracts.
With Boba Network’s patented Turing hybrid computing technology, developers can create Ethereum-dapps based on complex algorithms, including AWS Lambda.
The Symbiosis Finance project allows you to exchange tokens between popular L1 networks like Ethereum, Binance Smart Chain, Polygon, Avalanche, as well as EVM-compatible networks and L2 solutions.
In the future, the developers plan to add new blockchains, including Terra, Near and Solana, as well as expand the number of L2 networks.
Recall that in March, Symbiosis Finance announced the launch of a beta version of the main network.
In February, the project received an undisclosed amount of strategic investment from the venture arm of the Binance bitcoin exchange.
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