Symbiosis
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Cross-chain Farming

Introduction

Symbiosis cross-chain farming is a service that:
  1. 1.
    Recalculates APRs of liquidity pools owned by Symbiosis (every 30 minutes),
  2. 2.
    Monitors adding/withdrawing liquidity to/from liquidity pools owned by Symbiosis,
  3. 3.
    Calculates and accrues rewards to liquidity providers (once a week),
  4. 4.
    Tracks rewards withdrawing by liquidity providers.
Symbiosis protocol Beta Mainnet The liquidity pools are located on different networks, and Symbiosis cross-chain farming includes off-chain and on-chain logic.
Symbiosis protocol Mainnet The liquidity pools will be on one controlling network with on-chain farming implementation.

APRs

APRs of liquidity pools owned by Symbiosis are recalculated every 30 minutes.
APRs are calculated and charged in SIS tokens. Please refer to SIS Token for more information.
To check the current APRs values, please navigate to the Pool tab in WebApp:

Accuering Rewards

Rewards are calculated and accrued once a week and added to the personal rewards balances of liquidity providers. Part of the rewards becomes available for claiming immediately; another part is held aside, becomes available for claiming partly, and can be claimed in full as soon as the vesting period ends.
  • The vesting period is 26 weeks (roughly half a year).
  • The part of rewards that becomes available for claiming immediately is 30%.
  • The part of rewards that is held aside, becomes available for claiming partly, and can be claimed in full as soon as the vesting period ends is 70%.
Let's consider an example. A user added 10 tokens to a liquidity pool, kept them there for one week and withdrew the tokens. Let's assume that the reward for one week of providing this amount of tokens in this pool is 1 SIS. Let's consider that the user doesn't claim parts of the reward that becomes available for claiming. Then
  • 1st week 0.3 SIS is available for claiming, and 0.7 SIS is held aside,
  • 2nd week (0.3 + 0.7/26) SIS is available for claiming, and (0.7 - 0.7/26) SIS is held aside,
  • 3d week (0.3 + (0.7/26) * 2) SIS is available for claiming, and (0.7 - (0.7/26) * 2) SIS is held aside,
  • ......
  • 26th week (0.3 + (0.7/26) * 26) SIS is available for claiming, and (0.7 - (0.7/26) * 26) SIS is held aside -> 1 SIS is available for claiming, and 0 SIS is held aside.
Symbiosis does not charge compound interest on rewards that are not claimed.

How to Check and Claim Rewards

Checking

To check you rewards, please navigate to https://symbiosis.finance/ > press on Try App icon or go to Menu > Rewards:
When you are on WebApp, please select the Farming tab:
In your connected wallet, please select the account you used to add liquidity to the liquidity pools for which you are checking rewards.
  • Total Available to Claim is the total amount of rewards available for claiming right now for all liquidity pools you added liquidity from the account that is active in your wallet at the time of rewards checking.
  • Total Vesting Amount is the amount of rewards that are held aside for all liquidity pools you added liquidity from the account that is active in your wallet at the time of rewards checking. These rewards are becoming available for claiming partly.
  • Total Rewards Claimed is the total amount of rewards that have been claimed.
  • Available to Claim is the rewards that are available for claiming for a particular liquidity pool.
To check rewards details for a particular liquidity pool, please press on the liquidity pool:
  • Current Week is the counter for vesting weeks.
  • Available to Claim is the amount of rewards available for claiming for this liquidity pool at the checking time.
  • Next Reward Event is the following date and time when rewards will be calculated and accrued.
  • Vesting End Date is when all rewards becomes available for claiming in full.
To see more details of the liquidity pool, please press on Check Pool icon.

Claiming

Having checked the details on your rewards, you can claim all rewards available for claiming right away or claim rewards later.
The rewards available for claiming can be claimed in full. You cannot claim rewards partly or claim rewards for a particular pool.
To claim rewards, please press on the Claim All button and confirm the operation in your connected wallet:
As soon as the transaction gets mined, the rewards information gets updated: