
Symbiosis Finance (SIS) Price
Symbiosis Finance#660SIS News
View allBlockBeats News, September 9 - a16z crypto announced the release of the new open-source zero-knowledge virtual machine version, Lattice Jolt. The new version shifts the underlying cryptography from elliptic curves to lattice-based cryptography, equipping the system with quantum resistance and boosting prover and verifier speeds by 2 to 3 times. Its proof size is currently below 100KB, which a16z crypto claims is the smallest among post-quantum zkVMs. Lattice Jolt utilizes a novel polynomial comm...
Africa Finance Corporation has raised 350 million Swiss francs or about $431 million, through its first digital bond, becoming the first African institution to issue such debt through a regulated exchange and central securities depository. Summary The five-year digital bond carries a coupon rate of 1.4925%. Around 90% of investor demand came from Swiss accounts. Commerzbank and Deutsche Bank arranged the transaction. AFC will use the proceeds to support infrastructure finan...
Symbiosis Finance has launched private USDT swaps and transfers involving TRON, adding a privacy layer to one of the most widely used stablecoin netwo
Dear CoinEx users, To provide better investment options for global users, CoinEx will conduct regular reviews on all cryptos listed on our platform according to the Delisting Criteria and will delist the ones that fail to meet our standards. When conducting a review, CoinEx will comprehensively consider many factors (including but not limited to community construction and operation factors, technology development factors, transaction volume, liquidity, etc.), and make delisting decisions prude...
BitcoinWorld U.S.-Iran Conflict Likely to Escalate Further, Warns Security Expert A senior security analyst has warned that the recent exchange of attacks between the United States and Iran signals a deepening crisis, with the situation likely to deteriorate further before any resolution is reached. Samir Puri, a senior fellow at the Singapore International Institute for Strategic Studies (SIS), described the latest incidents as the most […] This post U.S.-Iran Conflict Likely to Escalate Further, Warns Security Expert first appeared on BitcoinWorld .
New DAO vote on Snapshot for SIS stakers: SIP-54 — remove cross-chain support for @Coredao_Org, @zkLinkNova, @KAVA_CHAIN, @bahamut_chain, and Polygon zkEVM due to networks shutdown and decreased activity.
SIS Info
1. Project introduction
Symbiosis is a decentralized multi-chain liquidity protocol. It allows users to swap assets between all the blockchains while remaining the sole owners of the funds.
The Symbiosis protocol meets the following requirements:
(1) Simple, Uniswap-like UX: No additional wallets, long waiting time, or extra steps to proceed with a swap.
(2) Fully decentralized: No central party can stop the Symbiosis protocol or censor users from accessing it.
(3) Interoperable: It connects every blockchain that gets enough market attention. Our ultimate goal is to bridge together all networks.
(4) Non-Custodial: No one (including the Symbiosis team) has access to user funds.
(5) Limitless cross-chain liquidity: It targets as many token pairs as possible across all blockchains while providing the best prices for swaps between any arbitrary token pair.
3. Investment institution
Blockchain.com, Bixin Ventures, Binance Labs, Kenetic Capital, Amber Group, Dragonfly Capital, Spartan Group, 3Commas, Shima Capital
3. Application and distribution
Total supply: 100,000,000
Token application:
SIS is the protocol token of Symbiosis. It is deployed on Ethereum and used for:
(1) Staking to run a node in the relayers' network.
(2) Governing the Symbiosis DAO and DAO Treasure.
Token distribution:
Seed Round: 10.00%
Private Round: 6.00%
Strategic Round: 4.70%
Public Round DaoMaker: 0.55%
Public Round Y: 0.65%
Public Round Z: 0.10%
Liquidity Farming: 10.00%
Node Runners Reward: 15.00%
Protocol Liquidity: 10.00%
Relayers Auction: 5.00%
Advisory: 5.00%
Founders Team: 18.00%
Treasury Reserve: 15.00%
FAQ
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