Symbiosis Finance has announced a major strategic integration with KyberSwap which will improve the performance of all cross-chain (DeFi) transactions. The partnership is a key milestone in Symbiosis’ efforts to enhance the performance of on-chain swaps and routing in the ecosystem and will utilize KyberSwap’s cutting-edge aggregation protocol to offer globally competitive pricing and significantly enhanced liquidity.
Empowering DeFi with KyberSwap’s Aggregation
The aggregation engine that is being used within KyberSwap is where this integration truly begins. KyberSwap allows Symbiosis to utilize more than 420 different liquidity providers on over 17 different blockchains to provide its users with on-chain swap capabilities through internal routing. This extensive liquidity pool provides Symbiosis users with very low slippage on trade executions, including high volume and long-tail assets that typically experience fragmented markets.
KyberSwap’s smart routing algorithm will scan different decentralized exchanges (DEX) in real time to find out the best ways to execute trades. For Symbiosis’ users, this means that they can trade and re-route transactions across multiple pools in order to get the best rates without losing speed or security of the protocol.
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