🪙SIS Token of Symbiosis
Comprehensive Guide to the SIS Token: Dive into the Heart of the Symbiosis Protocol: Discover Listings, Unique Use Cases, Official Contract Address, Detailed Tokenomics, and More!
Discover SIS Token
SIS serves as the governance token for the Symbiosis protocol, boasting key functions such as:
Moreover, token holders are free to trade, exchange, or stake their SIS tokens.
SIS Supported Blockchains
SIS token was originally deployed on Ethereum (L1) and can be bridged to the following L1 and L2 blockchain networks:
L1: the BNB chain;
L2s: Arbitrum One, zkSync Era, Linea, Scroll.
SIS Token Listings
SIS token listings can be found on CoinMarketCap and CoinGecko:
SIS Token Contract Addresses (Adding SIS Token to a Wallet's Token List)
Before using SIS tokens, ensure they're added SIS token to your wallet's token list for the specific blockchain networks you'll be working on.
Here's the information you need to add SIS token to your wallet's token list:
$SIS on Ethereum
Contract address: 0xd38BB40815d2B0c2d2c866e0c72c5728ffC76dd9
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More information on Etherscan
$SIS on Arbitrum One
Contract address: 0x9e758b8a98a42d612b3d38b66a22074dc03d7370
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More information on Arbiscan
$SIS on BNB Chain
Contract address: 0xF98b660AdF2ed7d9d9D9dAACC2fb0CAce4F21835
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Mori information on BscScan
$SIS on zkSync Era
Contract address: 0xdd9f72afED3631a6C85b5369D84875e6c42f1827
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More information on zkSync block explorer
$SIS on Linea
Contract address: 0x6EF95B6f3b0F39508e3E04054Be96D5eE39eDE0d
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More information on LineaScan
$SIS on Scroll
Contract address: 0x1467b62A6AE5CdcB10A6a8173cfe187DD2C5a136
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More information on ScrollScan
Bridging and Exchanging SIS Token
Bridging tokens and Exchanging (or Swapping) tokens are terms often misconstrued as interchangeable. However, token bridging and token exchanging between networks stand apart, despite both facilitating asset movement between different networks.
SIS Bridging
In bridging, an asset retains its identity and total supply while moving across different networks (often from an L1 to an L2 network). The original asset is typically locked on the source network and then represented (or minted) on the destination network. Bridging is always a cross-chain operation.
SIS tokens can be bridged form Ethereum to Arbitrum One, zkSync Era, Linea, and Scroll using official bridges of these L2 networks, and SIS tokens can be bridged from Ethereum to the BNB chain using the Symbiosis bridge.
SIS Exchanging
Token exchanging involves trading one token for another, potentially spanning different blockchains. It's not about transporting the same asset, but rather acquiring a distinct one. Token exchanging can be on-chain operation and cross-chain operation.
SIS: On-chain
SIS tokens can be exchanged for other token across supported blockchains:
Through Symbiosis WebApp
On AMM DEXs (see below).
SIS: Cross-chain
Symbiosis WebApp is the best solution to exchange SIS tokens for other tokens across supported blockchains.
The Symbiosis protocol has a special pool that is used to route cross-chain exchanges involving SIS tokens (Scheme 2). This approach allows to minimize the fees associated with cross-chain operations.
SIS Tokenomics
Tokenomics refers to the economic model and strategy that a DeFi project applies to its token. Key aspects of tokenomics and supply of SIS token are listed below.
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