• Symbiosis is a cross-chain DEX that aggregates liquidity from different blockchains, making it easier for users to trade any token and transfer their assets across chains.
• Symbiosis is thrilled to announce the deployment of $SIS, its governance token, on zkSync, a layer-two scaling solution that enhances privacy and throughput for Ethereum and other blockchains.
• Symbiosis continues to innovate in the cross-chain space by introducing $SIS on zkSync and is committed to offering exciting updates and expanding its features.
Introduction
Symbiosis is a cross-chain DEX that aggregates liquidity from different blockchains, making it effortless for users to trade any token and transfer their assets across chains.
$SIS Token Deployed on zkSync
The Symbiosis team is thrilled to announce the deployment of $SIS, the governance token of the Symbiosis ecosystem, on zkSync, a layer-two scaling solution that enhances privacy and throughput for Ethereum and other blockchains. $SIS serves as a means of staking for running a node in the network of relayers and is rewarded to users as an incentive.
Expanding Multi-Chain Environment
Until now, $SIS was deployed only on Ethereum, BNB Chain, and Arbitrum but Symbiosis is now expanding its multi-chain environment by introducing $SIS on zkSync which marks a significant step forward. By having $SIS on zkSync it allows Symbiosis to attract a broader community to its native token with zero-knowledge proofs being necessary for blockchain’s privacy and scalability.
Innovating Cross Chain Space
Symbiosis continues to innovate in the cross chain space by introducing $SIS on zkSync which just one part of many steps towards creating a more seamless decentralized swapping experience. The project also offers token rewards for stable farms LP farms on DEXs as well DAO voting mechanisms with further exciting updates planned in future.
Conclusion
Overall this new integration into zkSync marks an important step forward into expanding upon multi chain capabilities allowing DeFi enthusiasts who want swap any token with ease or transfer their assets across chains while still maintaining privacy & scalability necessary from blockchain technology.