{"id":73760,"date":"2023-02-08T11:14:52","date_gmt":"2023-02-08T09:14:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73760"},"modified":"2025-09-09T16:03:45","modified_gmt":"2025-09-09T13:03:45","slug":"symbiosis-finance-announces-vote-on-moving-native-sis-token-to-the-bnb-chain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/symbiosis-finance-announces-vote-on-moving-native-sis-token-to-the-bnb-chain\/","title":{"rendered":"Symbiosis Finance Announces Vote on Moving Native SIS Token to the BNB Chain"},"content":{"rendered":"<p>The multichain liquidity protocol Symbiosis Finance proposed to the community <a href=\"https:\/\/snapshot.org\/#\/symbiosisdao.eth\/proposal\/0x1425ccddfc4f7478e5b0296e865984ce5766202aec231447da03fec5205117e8\" title=\"\">vote<\/a> on moving the native SIS token from the Ethereum network to Binance Smart Chain (BNB Chain).<\/p>\n<p>This step would involve deploying an SIS\/BNB liquidity pool while preserving the protocol&#8217;s functionality. The veSIS mainnet logic will also be implemented on the BNB Chain.<\/p>\n<p>According to the developers, the SIS token has broad use cases, but high transaction fees on the Ethereum network affect user interest and earnings from Symbiosis.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cLower transaction fees in combination with Symbiosis&#8217;s partnership with the new <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a>, to be announced later, will increase the liquidity and value of SIS tokens, and make them more accessible to a larger number of users,\u201d they added.<\/p>\n<\/blockquote>\n<p>Launching veSIS on the Binance Smart Chain will also broaden user participation in the program, as more people will be able to earn rewards and participate in decision-making through the Symbiosis DAO.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-symbiosis-finance\">What is Symbiosis Finance?<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"What is Symbiosis Finance? \u2014 ForkLog\" src=\"https:\/\/forklog.com\/cryptorium\/chto-takoe-symbiosis-finance\/embed#?secret=toMLLLeDpI#?secret=jj5Flmtj4G\" data-secret=\"jj5Flmtj4G\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In late 2022, the Symbiosis Finance team announced the launch of <a href=\"https:\/\/forklog.com\/en\/news\/symbiosis-finance-launches-second-version-of-its-protocol\">the second beta mainnet version<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The multichain liquidity protocol Symbiosis Finance proposed to the community to vote on moving the native SIS token from the Ethereum network to the BNB Chain.<\/p>\n","protected":false},"author":1,"featured_media":73761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,46,2134,785],"class_list":["post-73760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-ethereum","tag-symbiosis-finance","tag-voting"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73760"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73760\/revisions"}],"predecessor-version":[{"id":73762,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73760\/revisions\/73762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73761"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}