Symbiosis

Symbiosis Finance (SIS) is a multi-chain liquidity protocol that aggregates exchange liquidity across various networks. It operates on both Ethereum Virtual Machine (EVM) and non-EVM compatible blockchains. The protocol aims to address two critical challenges: liquidity fragmentation across different blockchain networks and enhancing user experience within the DeFi and web3 economy. SIS serves as the governance token for the Symbiosis DAO and DAO Treasury. Additionally, nodes in the Symbiosis relayers network must stake SIS to participate in consensus and facilitate swaps.

SIS plays several essential roles: Governance: It empowers token holders to participate in decision-making through the Symbiosis DAO. Liquidity Provision: Nodes stake SIS to ensure efficient liquidity provision and facilitate swaps across different chains. Protocol Upgrades: As a governance token, SIS allows for voting on protocol upgrades and changes. Incentives: Users can earn rewards by staking SIS in the veSIS system4. Cross-Chain Swaps: Users can easily swap tokens and transfer assets across various networks using Symbiosis Finance5.