Symbiosis

A Cross-Chain Engine and Liquidity Protocol linked to Milkomeda C1.

What is Symbiosis?

The Symbiosis protocol acts as a cross-chain AMM DEX and interchain communication protocol while meeting the following requirements

Simple, Uniswap-like user experience

Any to any token cross-chain swaps between EVM and non-EVM chains in 1-click. No additional wallets, long waiting time, or extra steps to proceed with a swap.

Interchain communicating

1-click experience to provide liquidity to lending and farming protocols or buy NFT on another blockchain.

Fully decentralized

No central party can stop the Symbiosis protocol or censor users from accessing it.

Interoperable

The protocol connects every blockchain that gets enough market attention. Our ultimate goal is to bridge all blockchains together.

Non-custodial

No one (including the Symbiosis team) has access to users' funds.

Limitless cross-chain liquidity

The protocol targets as many token pairs as possible across all blockchains while providing the best prices for swaps between any arbitrary token pair.

Supported blockchains

Ethereum
Binance Smart Chain (BSC)
Polygon
Avalanche
Boba
Telos
Aurora
Milkomeda

Project Cards

List out your partnerships

Industry

DeFi

DEX

Lending Protocols

Lending protocols in the DeFi world allow people to loan or lend money in a peer-to-peer manner, i.e. without the banking middleman. These loans are secured by the lender over-collateralizing the loan and the terms of the loan being managed in a smart contract. This gives the unbanked or those who have poor credit the ability to take loans, and it gives those with excess capital the opportunity to provide loans in a secure and trustless manner, and to earn income from them.

Over-collateralization means that the person receiving the loan locks up more than the value of the loan to secure it e.g. if they want to loan 100 they must lock up 150. How much they over-collateralize the loan by, and which tokens they use as collateral, depends on the platform. Some platforms only accept stablecoins, and other accept a variety of crypto assets. Typically, an individual uses one asset for collateral and takes a different asset as their loan.

An important factor in all loans is the interest rate and the length of the loan. These vary greatly by lending protocol, and loans can have fixed interest rates and periods, or infinite periods with interest rates that fluctuate throughout the loan period, fluctuating based upon the utilization rate of the pool of funds the loan was drawn from.

Importantly, the receiver of a loan is expected to maintain a certain ratio of collateral to loan, meaning that if the value of their collateral drops below that of their collateral to loan ratio, they need to add more collateral to keep the required balance. If they don’t keep up the collateral ratio they face liquidation and the loss of their collateral.

To "become the bank" those with idle tokens can deposit them into a lending protocol and earn from the interest derived from the loans their tokens are used to facilitate. Usually this deposit requires a lockup period of a certain length of time. Often, the longer the lockup period the higher the percentage return for the depositor.

DEX

Here is a Cardano DEX list for you to explore all the decentralized exchanges built on Cardano. There are multiple Cardano DEX projects for you to choose from, each with a different take on the DEX concept and the way of managing a decentralized exchange protocol.

Listed here are Cardano DEX projects that are based on both the automated market maker (AMM) and the traditional order book style of exchange. Both types of DEX on Cardano, like any other exchange, require a good amount of liquidity to operate effectively. This leads many to say that the best Cardano DEX is the one with the most liquidity. However, there are many other factors that the users of these DEXes would tell you to take into account before deciding which is the best Cardano DEX, and which one you should interact with (although a high amount of liquidity is a good indicator for users).

Interestingly, many Cardano exchanges, such as Sundaeswap, use the concept of “batchers” to collect, order, and execute transactions. This reliance on a small group of batchers to order and execute user transactions reduces the decentralized nature these exchanges as these entities could easily collude to front run transactions from particular wallets or to censor transactions from other wallets.

Cross-Chain

The protocols and projects tagged here are interoperable with one or multiple other blockchains. Projects with this tag include those that provide the infrastructure of this inter-chain-operability, such as the providers of blockchain bridges, or they could be protocols or projects that operate across multiple chains by utilizing these blockchain bridges. There are also projects that can be cross-chain without these blockchain bridges, however these usually rely on a 3rd party, custodial entity to facilitate this, instead of a trustless, blockchain bridge.

AMM

AMM stands for Automated Market Maker. This is an algorithm, often supplemented by oracles, that facilitates the pricing and exchange of assets between users. Assets are exchanged at market value through liquidity pools. These pools are created by Liquidity providers, LPs, who deposit assets to the exchange in pairs. This “asset pair” then allows users to swap one asset for the other through the liquidity pool. Fees are paid to the LPs who provided the liquidity. The more liquidity a pair has the less “slippage” a user experiences, meaning the less likely the user is to experience a price change in their trade.

Compare similar projects toSymbiosis

space

Accelerator

AMM

Anonymous Transactions

API

Audit

Blockchain Bridge

Borrowing

Build-to-earn

Catalyst Funded

Community Management

Cross Chain Assets

Cross-chain

Currency

DAO

DeFi

Deserialization

Developer

Development

DEX

Ecosystem

Farming

Fractional Ownership

Governance

IDO

Incubator

Industry Solutions

Interactive

Investment Management

Jobs

KYC

Launchpad

Lending

Lending Protocol

Liquidity Farming

Liquidity Manager

Loan

Meetups & Events

Milkomeda Ecosystem

Mixer

Multi-chain

NFT

NFT Minting

NFT Tools

Private Transaction

Proof-of-fact

Proof-of-ownership

Smart Contract

Stablecoin

Staking

Startup

Store Of Value

Supply Chain Management

Swaps

Ticketing

Token Burning

Token Distribution

Token Minting

Token Staking

Transactions

Treasury

Voting

Wrapped Assets

Yield Farming

Symbiosis

Cross-Chain

Engine

and

Liquidity

Protocol

linked

Milkomeda

C1.

CardanoMixer

decentralized

protocol

that

breaks

the

link

between

the

sender

and

receiver

assets

Cardano.

Blueshift

highly

efficient

automated

market

maker

and

liquidity

management

platform

that

has

reinvented

DeFi

MELD

Deposit

crypto

use

collateral

and

receive

cash

loan,

deposited

into

any

bank

account

the

world.

MilkySwap

DEX

the

EVM

compatible

Milkomeda

sidechain.

Enabling

users

trade

their

ADA

for

tokens

from

the

Ethereum

blockchain.

AdaSwap

AMM

based

DEX

also

featuring

launchpad,

NFT

marketplace,

and

“stake

and

forget”

liquidity

pools

featuring

unique

rewards.

MintMatrix

Miami

based

startup

developing

infrastructure,

serving

bespoke

blockchain

solutions,

and

hosts

platform

for

DAO

creation

and

management.

Ardana

over-collateralized,

stablecoin-based

protocol

offering

multi-asset

pool

DEX

and

enabling

borrowing

against

over-collateralized

assets.

What is Symbiosis?

Simple, Uniswap-like user experience

Interchain communicating

Fully decentralized

Interoperable

Non-custodial

Limitless cross-chain liquidity

Supported blockchains

Project Cards

Compare similar projects toSymbiosis