Pros
- User-friendly for those interested in crypto.
- A system with a high level of security.
- The idea behind its scalable liquidity engine is built on a two-layer structure.
- Symbiosis Finance has partnered with crypto giants.
Cons
- None for now.
Verified
Symbiosis Finance Review
13
·
Followers 2
·
Very good
Rating
4.7
Crypto Projects, Crypto Exchanges, DeFi
Description of Symbiosis Finance
Symbiosis Finance is a multi-chain liquidity protocol that aggregates decentralized exchange liquidity across all EVM and some non-EVM networks.
Symbiosis aim at solving the twofold problem: liquidity fragmentation across different blockchain networks, and poor user experience while working with Defi and web3 economy. Symbiosis simplifies the time-consuming process of finding a suitable cross-chain bridge so you can get the tokens you need. With a single click, crypto enthusiasts can get token swaps done — regardless of the network they’re on.
The SIS token is used as a governance token of Symbiosis DAO and Treasury. On top of that, relayers network nodes have to stake SIS to participate in consensus and process swaps.
Pros
- Intuitive easy navigation
- Significantly increases the liquidity of assets
Cons
- I haven't found it yet
Pros
- not just a cross-chain, but a dex exchange that will work immediately with a wide bandwidth
- Many well-known investors, including binance labs
- the ability to integrate this dex into other exchanges and crypto wallets
Cons
- at the moment I have not found any disadvantages
Pros
- A very interesting product option, when this service is fully operational, they will really be in great demand.
Cons
- not yet launched, you need to wait about a week before the start of their work
Pros
- a lot of well-known funds, a very cool idea, there were no critical errors on the testnet
Cons
- NO!!! NO!!! NO!!!
Pros
- Binance labs invested in them. Strong product
Cons
- The token is constantly growing because I wanted to buy cheaper haha
Pros
- this project has a very strong team, many well-known partners.
Cons
- There are no downsides yet, because the project is still at the test stage
Pros
- Simplification of coin exchange in different networks
- Transaction speed
Cons
- Any new project is characterized by shortcomings in the first stages, we will monitor.
Pros
- This cross-chain is much safer than the others
Cons
- NO !
Pros
- This crosschain surpasses all existing crosschains in terms of quality and level of security.
- The cross-chain works with nft, it is unique
- It is known about the partnership with exchanges and wallets that want to integrate sis into their system
Cons
- At the moment, symbiosis has just passed the testing stage and started. Now there may be short-term problems that may affect the speed of technology development, but this is an ideal time for investors
Pros
- transaction speed The project has already started This is a cross-chain with a high level of decentralization
Cons
- It is not yet known which blockchains will be integrated, except for the main ones.
Pros
- a cross-chain that can work with nft
- there is no test project launched and performed well
- a large community before the launch of mainnet
- many top funds invested in sis
Cons
- NO
Pros
- Ability to change tokens in any network
- Interesting project design
- A team with a lot of experience
- Big plans for 2022
- A unique project that has no competitors on the market yet
Cons
- Small number of tier-1 funds
- In fact, it's not a finished product yet.
