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Cross-chain Zaps with Symbiosis

Cross-chain zaps with Symbiosis: adding any assets from one blockchain to liquidity pools owned by Symbiosis on other blockchains.
Looking for SDKs and API? Please check out our documentation for software developers Symbiosis Developer Tools
We are happy to introduce a handy cross-chain operation: cross-chain zapping. This functionality allows users to supply any token from any blockchain in one click (one transaction) to liquidity pools owned by Symbiosis.

Symbiosis protocol V2

Symbiosis protocol V2 owns one multicoin pool to perform all cross-chain operations. This liquidity pool (Octopool) is on one of the supported blockchains: Boba BNB. Having any assets on any (supported) blockchain, users can supply liquidity to this pool via cross-chain zapping.
For instance, a user has UNIs on Ethereum and adds liquidity to Octopool on Boba BNB (Scheme 1).
Scheme 1. Cross-chain Zap routine of adding liquidity with Symbiosis protocol V2.
Once the sUSDCs get added to the liquidity pool, the user obtains LP tokens on Boba BNB.

Symbiosis Protocol V1

The lifespan of Symbiosis protocol V1 has peacefully reached its end, and we stopped it. The information below is for historical records about the Symbiosis protocol development.
The Symbiosis protocol V1 has one Nerve-like liquidity pool {stablecoin, sToken} for every blockchain pair that supports direct cross-chain operations. Such a liquidity pool is located on the blockchain with the lower gas fee (in the USD equivalent) to minimize expenses related to the transaction cost.
For instance, for the pair Ethereum — the BNB Chain, the liquidity pool {BUSD <> sUSDC}, is on the BNB chain. So, having any assets on Ethereum, users can add liquidity to the liquidity pool on the BNB Chain with cross-chain zap (Scheme 2).
Scheme 2. Cross-chain Zap routine of adding liquidity with Symbiosis protocol V1.
Once the sUSDCs get added to the liquidity pool, the user obtains LP tokens on BNB Chain.

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