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Getting Started with Symbiosis
Welcome to the comprehensive Symbiosis documentation! Here, you'll discover all the essential information about the Symbiosis protocol.
Symbiosis is a decentralized exchange that pools together liquidity from different blockchains, whether they use EVM technology or not. With Symbiosis, users can effortlessly trade any token and transfer their assets across blockchains. No need to worry about which network a token is on or how to move funds between different blockchains. All cross-chain operations are done in a single click (one transaction) at competitive exchange rates and transaction costs.
The Symbiosis protocol is designed to provide a seamless cross-chain trading experience for users, while adhering to the following key principles:
- Complete Decentralization: The Symbiosis protocol operates without a central authority, ensuring that no single party can halt its functionality or censor user access.
- Interoperability: Symbiosis aims to connect every blockchain that garners sufficient market interest, ultimately striving to create a unified bridge between all blockchains.
- Non-custodial: User funds remain secure, as no one – not even the Symbiosis team – has access to them.
- Boundless Cross-chain Liquidity: The protocol targets the widest range of token pairs across all blockchains, offering the best prices for swaps between any arbitrary token pair.
Let's have a look at the parts of the Symbiosis protocol (Scheme 1).
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Scheme 1. Main components of the Symbiosis protocol.
The Symbiosis protocol consists of three main components:
- 1.Web and mobile applications provide access to the functionality of the Symbiosis protocol.
- 2.The on-chain part: the Symbiosis core contracts. It’s a kind of cross-chain liquidity engine of the protocol. For more information, see Cross-chain liquidity engine
- 3.The off-chain part: the Symbiosis relayers network. It is a P2P network that transfers information about cross-chain operations performed via the Symbiosis protocol between supported blockchains. For more information, see Symbiosis Relayers Network
SIS is the token of the Symbiosis protocol. It is used for staking to run relayer nodes in the Symbiosis relayers network and governing the Symbiosis DAO and DAO Treasure. Furthermore, Symbiosis incentivizes users in SIS tokens for participating in the protocol activities such as liquidity provision.
The Symbiosis protocol provides the following features:
- Cross-chain swaps: any token to any token cross-chain exchange. An explanation in a nutshell: Cross-chain Swaps with Symbiosis
- Interchain communicating messaging: having any token, users can add it to lending or farming protocols on another blockchain An explanation in a nutshell: Symbiosis as Interchain Communication Protocol
- Cross-chain zaps: having any token, users can add it to Symbiosis Octopool, which is used for cross-chain operations. An explanation in a nutshell: Cross-chain Zaps with Symbiosis
- Developer tools for integrating the protocol’s functionality into third-party applications and protocols. The documentation for software developers is available here: Developer Tools
Last modified 28d ago