Symbiosis Finance Announces Partnership with Boba Network

The multi-chain liquidity protocol Symbiosis Finance has announced a partnership with the Boba Network platform, according to project representatives who spoke to ForkLog.

Symbiosis users can exchange any tokens from the Boba Network protocol on the Ethereum and BNB networks. Operations will soon be available on the Avalanche and Polygon blockchains.

Boba Network’s L2 solution based on Optimistic rollups reduces gas costs and increases transaction throughput by scaling Ethereum smart contracts.

Using Boba Network’s patented hybrid computing technology, Turing, developers can create Ethereum-dapps built on complex algorithms, including AWS Lambda.

The Symbiosis Finance project enables swapping tokens across popular L1 networks such as Ethereum, Binance Smart Chain, Polygon, Avalanche, as well as EVM-compatible networks and L2 solutions.

Going forward, developers plan to add new blockchains, including Terra, Near, and Solana, and to expand the number of L2 networks.

Earlier in the launch of the beta mainnet was announced by Symbiosis Finance in March.

In February, the project received an undisclosed amount of strategic investments from Binance’s venture arm.

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