An Incredible April 2023 at Symbiosis
Hey friend! You won’t believe how awesome April has been for us! Symbiosis has seen a massive surge in popularity because of zkSync integration and the outstanding partnerships we’ve scored on that chain. And, get this, we’ve also added Arbitrum to our list of available networks — which has only made Symbiosis even more popular!
In this article, we’ll break down all the exciting developments and what they mean for the future. Get ready to be blown away!
zkSync
Yes, we love the hype. But the main reason zkSync appears on our list is that our vision of the DeFi world resonates wholeheartedly with these guys. Have you even read their website? It’s sick!
Our Twitter account was buzzing with excitement as numerous accounts tweeted about Symbiosis x zkSync, generating over 100K+ users to support our project. Big thanks to Rubic and Mute.io for teaming up with us on a joint zkSync campaign! You can still join in until May 5th, 2023.
Why is zkSync cool? zkSync is a Layer 2 scaling solution for Ethereum that verifies transactions with zero-knowledge proofs to protect your privacy. It’s fast and affordable, with transactions confirmed in seconds and minimal fees. It’s a cool tech that makes Ethereum more secure, efficient, and fun, and worth checking out if you’re into DeFI stuff!
zkSymbiosis? Who knows…
Arbitrum
Arbitrum is a gem too! It’s a Layer 2 scaling solution for Ethereum that uses Optimistic Rollups to help increase transaction throughput and reduce gas fees. By the way, everyone does remember that there is a $SIS on Arbitrum, right?
Ah, we’re not quite riding the hype train for this network yet, but we’ve gone a step further and implemented something even smarter! We’ve made it super easy and affordable for anyone looking to dive deeper into Layer 2 solutions beyond Arbitrum to transfer their assets to other networks in a jiffy.
And the best part? The choice is all yours! Whether you want to go back and forth between chains, it’s entirely up to you. Instead of feeling blue, you can try some orange-blue!
Scroll
zkEVM is the future of crypto, Web3 and DeFi. That’s why we decided to unite with Scroll and prepare campaign on Galxe!
You can get 3 NFTs for 3 different quests:
- Make a cross-chain swap from or to Scroll Testnet
- Make a cross-chain swap on Symbiosis Mainnet
- Follow Scroll and Symbiosis Twitter accounts, retweet the announcement
Stake $CAKE, earn $SIS
At the beginning of April, we launched the Syrup Pool in collaboration with PancakeSwap. It was a yummy deal — users could stake their $CAKE and receive $SIS tokens in return.
The pool ran for seven days, during which we offered a total of 115,000 $SIS tokens. It’s worth noting that the pool had a limit of 100 $CAKE for the entire duration, so users had to act fast to take advantage of this opportunity.
Overall, we were thrilled to bring our community yet another exciting way to engage with the DeFi world, and we’re excited to see the amazing results this partnership yielded!
By the way, recently PancakeSwap V3 launched on both BNB Chain and Ethereum! As the top DEX on the BNB Chain, they’ve made some awesome improvements like better capital efficiency and a revamped fee structure. Our team really likes this initiative! Plus, Symbiote is very fond of sweets…
Token Burn
Symbiosis DAO said and we did! That was a great decision, resulting in the burning of 258,856 SIS tokens, which amounts to approximately 0.25% of the total token supply.
TX ID: https://etherscan.io/tx/0xa760c29839a25eea64800b0e59954e03952922650cf7e32d79a9b8d42d75c09f
This has been a journey through this month’s highlights, and if you want to read more project news, so every Sunday, we deliver a delicious news digest via Telegram.
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