Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Platforms Symbiosis
Symbiosis reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
9 June 2023 (Updated 20 July 2024)

Symbiosis Crypto Platform

Symbiosis is a decentralized exchange that operates across 12 different networks. Users can trade and swap tokens across these networks, regardless of whether they use EVM technology or not. Symbiosis Finance, the crypto platform, is headquartered in Moscow and was co-founded by Nick Avramov and Alexander Nikolaev. Alexander currently serves as the CTO of the project. The protocol has successfully raised $5 million in seed and venture rounds, with among the investors. The team's transparent approach is evident as they openly display their positions on their LinkedIn profiles. At Definda, we value transparency and consider the team and founders' profiles as a good source of transparency when comparing crypto exchanges.

Symbiosis Finance currently operates on various networks, including Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, Arbitrum Nova, ZetaChain, Telos, Boba, Kava, and ZkSync. The integration of new blockchains is determined based on market traction and legal considerations. Symbiosis provides an easy-to-navigate web app, allowing anyone to connect with a web wallet. The platform supports a wide range of wallets to cater to users' preferences.

Symbiosis Finance offers a rich set of tools for users, including swap, bridge, liquidity pools, farming, and veSIS lockings. As of June 2023, the total value locked (TVL) on the platform exceeds $3 million. The native token of the Symbiosis protocol is SIS Token, which facilitates various functions within the ecosystem. Token holders can stake SIS tokens to run relayer nodes in the Symbiosis relayers network and participate in the Symbiosis DAO and DAO Treasury. Additionally, users are incentivized with SIS tokens for activities such as providing liquidity to the protocol.

The Symbiosis DAO governs the Symbiosis DAO Treasury and allows users with a voting power of 2,000 veSIS or more to submit governance proposals. To participate in voting, SIS token holders need to stake their tokens and receive veSIS tokens, granting them voting power and additional rewards for engaging in the governance process. The voting system and Symbiosis DAO make Symbiosis Finance a community-driven project. The active Symbiosis community supports the project and actively participates in discussions on the internet.

In the Symbiosis protocol, wrapped tokens called sTokens are utilized for cross-chain operations. These tokens represent assets on different blockchains, enabling seamless exchange within a single blockchain or between blockchains. sTokens, a type of wrapped or synthetic token, are specifically used in the Symbiosis protocol for cross-chain operations. The protocol locks the source token on one blockchain and mints the corresponding sToken on another blockchain at a 1:1 ratio. For example, USDC on Ethereum can be exchanged for sUSDC on the BOBA BNB chain. During a cross-chain operation, the sTokens are burned on the source blockchain, and the corresponding stablecoins are released on the destination blockchain. The Symbiosis Octopool, hosted on the BOBA BNB chain, contains multiple sTokens representing stablecoins from different blockchains. This pool enables seamless token swaps between any tokens within it, without any constraints on specific token pairs.

One of the notable aspects of Symbiosis Finance is its clear history with no hacks or exploits. The platform has undergone audits by several independent blockchain security firms, including well-known companies such as SlowMist and Omniscia. The audit reports are available on the website. However, it's important to note that even projects with solid audit reports have experienced hacks and exploits. Therefore, before investing or using DeFi protocols, it is crucial to compare crypto exchanges and select platforms with higher security standards to ensure the best yield on crypto.


tick $3,431,061 USD currently invested (TVL)

Symbiosis Staking Yields

Hide Filters
Select All
CeFi / DeFi
Select All
Select All
Token Type
Select All
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
No matching yield products found

Symbiosis Reviews

User Reviews
No user reviews found
Expert Reviews
No expert reviews found
Add your own review
Leave a Review for Symbiosis
Submit Review

Symbiosis YouTube Reviews

Symbiosis Key Data

Year founded 2021
Country incorporated in Russia
Decentralised tick Yes
Savings accounts tick Yes
Crypto to crypto exchange tick Yes
Fiat to crypto exchange tick Yes
Pro exchange marketplace cross No
Margin trading cross No
Integrated crypto wallet cross No
Futures exchange cross No
Chain agnostic cross No
Know your customer cross No
Credit check cross No
24/7 support cross No
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Key People
Alexander Nikolaev
Nick Avramov

ASymbiosis is incorporated in Russia.

Useful Links

Symbiosis Contact Details

Platform Comparisons

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2024
Share Page Using