Symbiosis Finance’s β-Mainnet is Primed for the Launch Now
To cut a long story short, we’re ready for beta mainnet launch 👾
This is after a long period of testing, continuous development, and tonnes of hard work. With this launch, we are announcing our arrival at the global stage, standing toe-to-toe with other major projects in the crypto space. Finally, you can try it out yourself.
We’ve significantly updated our Web App, come and play around:
The swap feature will remain in beta mode with a few limitations, required to tailor it and test the first product hypothesis. That’s why we call it Beta.
Capital-Efficient Stablecoin DEX
We have many times faced with the fact that we are perceived as just another bridge.
It’s far from reality.
Symbiosis is a full-fledged AMM DEX. Thus, all the supported blockchain networks on Symbiosis work as liquidity pools, which means the price of an asset will depend on the volume of the asset available in a pool. So, any decrease or increase in the volume of an asset in a liquidity pool will have an impact on its prices, and this will open arbitrage opportunities for traders.
Also, we anticipate incentivization for a specific direction of asset flows, from one to another network. This is a particularly interesting use case for stablecoins running on the different blockchain networks.
Currently, we support four leading decentralized exchanges, which include Uniswap, PancakeSwap, Pangolin, and QuickSwap. In time, we will add more DEXes to Symbiosis as our main goal is to expand the list of supported DEXes and create competition between them. This, in turn, ensures that our users receive the best prices during the swap.
How is Symbiosis’ Beta Mainnet One of a Kind?
Our beta mainnet enables users to swap any token to any token with no need for special software to use Symbiosis. It’s just that easy.
You’re good to go with web and mobile browsers. Besides, Symbiosis is compatible with the leading wallets like MetaMask, Coin98, Trust Wallet, ONTO Wallet, and more. Also, the Wallet Connect option is available.
We also make it possible to manage liquidity on any chain from a single interface, which is a benefit in itself. Strategy-wise, we pay lots of attention to B2B with mobile SDK and JS/TS libraries ready. Recently we added a couple of wallets and many more are in the queue for integration.
The security is a sine qua non for the Symbiosis team. That’s why, we’ve undergone 3 severe security audits performed separately by SlowMist, Omniscia, and Zokyo. And we continue with more audits.
After the Mainnet launch, we will be adding new blockchains such as Solana, Terra, Celo, Boba and Aurora. We are also working on the launch of the Symbiosis v.2 protocol with implemented sidechains and awesome features like unified AMM pools, smart order routing, unified cross-chain farming, and much more.
