Symbiosis Taps KyberSwap for Enhanced Cross-Chain Interoperability

Symbiosis Finance has announced a significant strategic partnership with KyberSwap, aiming to revolutionize the performance of cross-chain transactions in the DeFi ecosystem. The integration of KyberSwap's aggregation protocol will provide users with globally competitive pricing and significantly enhanced liquidity.

The KyberSwap aggregation engine allows Symbiosis to tap into over 420 different liquidity providers on more than 17 blockchains, offering its users on-chain swap capabilities through internal routing. This extensive liquidity pool provides low slippage on trade executions, including high-volume and long-tail assets that typically experience fragmented markets.

The integration will also enable Symbiosis' smart routing algorithm to scan different decentralized exchanges (DEX) in real-time to find the best ways to execute trades. This means users can trade and re-route transactions across multiple pools without sacrificing speed or security.