Super excited to announce the hot collaboration that took place this week! Li.Fi Protocol - a multi-chain liquidity aggregation protocol supporting "any-2-any" swaps and bridges - integrates Symbiosis within its platform to make DeFi more open.
Working Towards Multi-Chain Adoption
This integration opens more routes for cross-chain swap transactions within the LI.FI Finance development tools and enables the support of new blockchain networks including #EVM and #non-EVM ones.
With a combination of on-chain and off-chain parts of the Symbiosis Protocols, the swaps and asset transfer are done in a sophisticated and safe way. LI.FI integrates the chains that are originally supported by both Symbiosis Protocol and LI.FI including some of the rapidly evolving Layer 1 and Layer 2 networks as well as L2 solutions for Bitcoin $BTC .
The process involves non-custodial smart contracts and includes several steps. First, the tokens from the initial chain are swapped via Symbiosis contracts to either stablecoins or wrapped Ethereum $ETH as transit tokens. Then, via Smart Contracts they’re pushed to the pools and then released to the user’s wallets.
Full Review of Symbiosis - Deep Dive
Li.FI R&D team has prepared an amazing piece of work dedicated to the technical aspects of Symbiosis, its bridge and swaps structure and the review of the architecture.
Copy this link to visit the Deep Dive - li.fi/knowledge-hub/symbiosis-a-deep-dive/
