🟩
Liquidity Pools
Symbiosis WebApp user guide: Depositing and withdrawing liquidity to/from the liquidity pool owned by Symbiosis via Symbiosis WebApp.
Symbiosis protocol V2 owns a liquidity pool with multi sTokens and a stablecoin for cross-chain operations. We call this liquidity pool Octopool. Any user who adds liquidity to this liquidity pool becomes a liquidity provider and receives rewards for it.
The easiest way to find complete information about the Symbiosis V2 liquidity pool is to use Symbiosis WebApp:
- 1.
- 2.Check details:- The Total Locked value indicates the total value of a particular stablecoin in the liquidity pool in the USD equivalent. - The Base APR value is the current Annual Percentage Rate for a particular stablecoin in the liquidity pool. The Base APR is calculated in SIS tokens. - The Boosted APR value is the APR for veSIS holders that includes rewards for providing liquidity and rewards for locked SIS tokens. The Boosted APR is calculated in SIS tokens.
As you may know, when you add liquidity to a liquidity pool you receive LP tokens in exchange. These LP tokens are used to withdraw the assets from the liquidity pool. Therefore, please pay close attention to the address to which your LP tokens are sent.
By default, LP tokens are sent to the address that matches the sender's address (the address from which you send liquidity). This works fine if your assets and the liquidity pool are on the same blockchain.
The Symbiosis liquidity pool is located on BOBA BNB. In most cases, you add liquidity to this pool from a different blockchain. By default, LP tokens are sent to the address on BOBA BNB that matches the sender's address (the address from which you send liquidity).
If you use a multisig contract to sign transactions, please provide a valid address on BOBA BNB for LP tokens. This is very important because the multisig contract addresses are likely to be different on the source blockchain (from which you send liquidity) and the destination blockchain (BOBA BNB).
To change the address for LP tokens, click the cog icon next to the address:
Enter a valid address (the address you have access to) and save the changes.

To deposit liquidity to the Symbiosis V2 liquidity pool:
- 1.
- 2.Connect your wallet.
- 3.Locate the stablecoin type you want to supply to the liquidity pool and press the Manage button:
- 4.Enter the amount you want to deposit:
- 5.If you use a multisig contract to sign transactions, please provide a valid address on BOBA BNB for LP tokens (the address you have access to). This is very important because the multisig contract addresses are likely to be different on the source blockchain (from which you send liquidity) and the destination blockchain (BOBA BNB). To change the address for LP tokens, click the cog icon next to the address:Enter a valid address (the address you have access to) and save the changes.
- 6.If you see the Switch network to <Network name> button, switch to the network by pressing the button and confirming the action in your connected wallet.
- 7.If you see the Approve <Token name> button, approve the token use by pressing on the button and approve the transaction in your wallet:As soon as the transaction is executed, the Add liquidity button becomes available:
- 8.Check the details, and hit the Add liquidity button:
- 9.Confirm the transaction in your wallet; wait a bit to get a confirmation:
- 10.If you navigate to Symbiosis WebApp > the Pools tab > My Liquidity, you will find your deposited assets:
Done
∎
Liquidity withdrawal consists of two steps:
- 1.Liquidity withdrawal,
- 2.Swapping sTokens for stablecoins: when you withdraw liquidity (Step 1), you get sTokens on Boba BNB in most cases. Boba BNB is the Symbiosis servicing chain where the Symbiosis liquidity pool is located. You can exchange the sTokens for stablecoins on a corresponding blockchain at the rate of 1:1. Do not miss the instructions below: Swapping sTokens.
To withdraw liquidity from the Symbiosis V2 liquidity pool:
- 1.Navigate to Symbiosis V2 WebApp > the Pools tab > My Liquidity. Here you will find all your assets added to the Symbiosis liquidity pool:
- 2.Connect your wallet.
- 3.Press the Manage button for the asset you are going to withdraw:
- 4.Press the Remove button:
- 5.If you see the Switch network to <Network name> button, please switch to the network by pressing the button and confirming the action in your connected wallet.
- 6.If you see the Approve <Token name> button, please approve the token use by pressing the button, and approve the transaction in your wallet.
- 7.Select the amount you are going to withdraw. For instance, we selected Max:
- 8.Press the Remove button, and confirm the transaction in your wallet:
- 9.Shortly, you will get a confirmation:
When you withdraw liquidity from the Symbiosis liquidity pool, you get sTokens on Boba BNB in most cases. Boba BNB is the Symbiosis servicing chain where the Symbiosis liquidity pool is located. You can exchange the sTokens for stablecoins on a corresponding blockchain at the rate of 1:1 (instructions are below).
Done
∎
When you withdraw liquidity from the Symbiosis liquidity pool, you get sTokens on Boba BNB in most cases. Boba BNB is the Symbiosis servicing chain where the Symbiosis liquidity pool is located. You can exchange the sTokens for stablecoins on a corresponding blockchain at the rate of 1:1.
To burn sTokens:
- 1.
- 2.Select Bridge V2 in the menu:
- 4.In the Transfer from field, select Boba BNB and the sToken you would like to exchange for stablecoins on a corresponding blockchain:
- 5.In the Transfer to field, select the destination token (there is just one option for each sToken type). In our case:
- 6.Enter an amount for the sToken:
- 7.Press the Burn button, and confirm the transaction in your wallet:
- 8.Wait a bit to get a confirmation:
Done
∎
The lifespan of Symbiosis protocol V1 has peacefully reached its end, and we stopped it.
Attention Symbiosis protocol V1' liquidity providers: