Symbiosis SIS Token
Complete Information about SIS Token
Last updated
Was this helpful?
Complete Information about SIS Token
Last updated
Was this helpful?
The SIS token serves as the governance token for the Symbiosis protocol and provides several key utilities:
SIS token holders are free to trade, exchange, or stake their SIS tokens at any time.
SIS token was originally deployed on Ethereum (L1) and can be bridged to the following L1 and L2 blockchain networks:
L1: Ethereum, BNB Chain;
L2s: Arbitrum One, zkSync Era, Linea, Scroll.
SIS token listings can be found on CoinMarketCap and CoinGecko:
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:
Contract address: 0xd38BB40815d2B0c2d2c866e0c72c5728ffC76dd9
->
More information on Etherscan
Contract address: 0x9e758b8a98a42d612b3d38b66a22074dc03d7370
->
More information on Arbiscan
Contract address: 0xF98b660AdF2ed7d9d9D9dAACC2fb0CAce4F21835
->
Mori information on BscScan
Contract address: 0xdd9f72afED3631a6C85b5369D84875e6c42f1827
->
More information on zkSync block explorer
Contract address: 0x6EF95B6f3b0F39508e3E04054Be96D5eE39eDE0d
->
More information on LineaScan
Contract address: 0x1467b62A6AE5CdcB10A6a8173cfe187DD2C5a136
->
More information on ScrollScan
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.
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.
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 tokens can be exchanged for other token across supported blockchains:
Through Symbiosis WebApp
On AMM DEXs (see below).
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.
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.
Protocol Security
SIS tokens contribute to securing the Symbiosis protocol through staking in: - Symbiotic SIS Vault - Symbiosis PoS Staking Learn more
Governance
By staking SIS tokens, users receive veSIS, which grants governance rights, allowing them to participate in key protocol decisions, particularly those related to the Symbiosis DAO. Learn more
Incentivization
Users who actively participate in protocol activities are eligible to receive SIS tokens as incentives. Learn more
CoinMarketCap
SIS to USD live, market cap and chart
CoinGecko
SIS price today, chart, market cap and news