Unlocking Full $SIS Utility
2024年3月6日
2024年3月6日
6 min read
6 min read
支持的链
•
text
SIS is the governance token for the Symbiosis protocol originally deployed on Ethereum, BNB, Scroll, ZK Sync Era, Arbitrum One, and Linea. Token holders are welcome to trade, exchange, or stake their SIS tokens. When staking SIS tokens (i.e. locking them for a desired period of time), they can also get the veSIS ones — the Symbiosis protocol's Vote Escrow (ve) tokens.
And — did you know $SIS may be your bridge to
accruing the right to vote in unique Symbiosis DAOs,
boosting APR for liquidity provision,
reducing cross-chain fees up to 60%
and getting rewarded for staking?
By engaging with veSIS, users can tap into a plethora of benefits and opportunities that enhance their crypto assets and participation in the Symbiosis DAO.
Would like to know how to unlock the full potential of the $SIS token? Let’s dive into this article right away!
The Right to Vote in Symbiosis DAOs
Holding veSIS grants you exclusive access to a range of unique features designed to optimize your crypto experience. Through veSIS, you can actively participate in Symbiosis DAOs, where your voice and voting power contribute to shaping the future of the ecosystem. This empowers you to have a say in the governance and decision-making processes, giving you a direct influence over the direction the platform takes.
The Symbiosis DAO interface with the list of DAO polls
The Symbiosis DAO is a Decentralized Autonomous Organization that operates without a central authority, granting decision-making power to token holders.
Beyond governance, veSIS offers tangible advantages for your crypto holdings. By staking your SIS tokens, you can earn rewarding incentives and maximize your potential earnings. This means that not only do you benefit from the value appreciation of SIS tokens, but you also gain additional rewards as a result of your stake.
veSIS Benefits
Symbiosis offers various staking reward programs for users who provide liquidity to the Symbiosis protocol. These programs aim to incentivize token holders to contribute to the stability, security, and growth of the Symbiosis ecosystem while earning additional rewards.
Let's explore one of these programs in detail!
Getting rewarded for staking
By staking SIS tokens on Ethereum, BNB or zkSync chains, users can earn rewards. The distribution of rewards in the $SIS token takes place weekly, and these rewards can be claimed by users at their convenience.
Here is how the page where it is possible to create a lock looks like
Reducing cross-chain fees up to 60%
By possessing veSIS tokens, users can take advantage of a specialized rewards mechanism that provides them with fee discounts for cross-chain transactions. The extent of the fee discount and the user's tier within the rewards program are determined by the amount of veSIS tokens they hold. These discounts are applicable across various Layer 2 networks, including Boba Ethereum, Boba BNB, Arbitrum One, Arbitrum Nova, Optimism, Polygon zkEVM, Linea, Base, Scroll, Manta, Mode, zkSync Era, Metis and Blast. The discount program covers cross-chain swaps, enabling users to enjoy reduced fees. It is open to any veSIS holder.
Getting rewarded: fee discounts
The fee discounts are structured based on different tiers ranging from holding 0+ veSIS (granting a 5% discount) to holding 10000+ veSIS (granting a 60% one).
Through this enticing incentives program, holders of SIS tokens can unlock significant savings on their cross-chain transactions within the Symbiosis ecosystem
In summary, the SIS Utility offers veSIS token holders the power to participate in the decision-making of the Symbiosis DAO, obtain fee discounts for cross-chain transactions based on veSIS holdings, and benefit from the liquidity provider fee adjustments in the Octopools.
Shares of LP Fees (Boosted APR)
The boosted APR for providing liquidity in Octopools ranges from 0% to 13% in veSIS tokens.
- This program combines the benefits of earning shares of LP fees and veSIS rewards.
- The APR for veSIS staking can be checked here
The boosted APR acquisition interface
LP rewards: Symbiosis Liquidity Pools
Symbiosis has liquidity pools on Uniswap (on Ethereum), PancakeSwap (BNB Chain) and SushiSwap (on Arbitrum). Users who provide liquidity to these pools can increase their rewards by staking LP tokens. For example, the APY for staking the ETH/SIS LP pair ranges from 10% to 20% in SIS tokens.
Getting rewarded for liquidity provision
For liquidity providers, the rewards are allocated weekly and can be claimed at any moment convenient for a particular user.
Choosing a suitable option in the interface
These reward programs provide Symbiosis users with various opportunities to earn additional $SIS tokens while actively participating in the ecosystem. Whether you choose to provide liquidity, stake veSIS, or engage in LP farming, there are options available to suit different risk tolerances and reward preferences.
Delegation Staking for Symbiosis Node Runners (Soon)
Symbiosis is going to launch a delegated proof-of-stake relayers network system soon where SIS holders will be able to delegate their tokens to different validators. By doing this, they will both elevate the security of the whole Symbiosis protocol and become eligible for a variety of unique rewards.
The Symbiosis Relayers Network is a peer-to-peer (P2P) network designed for efficient and secure cross-chain operations. It's a crucial part of the Symbiosis protocol, ensuring smooth communication between blockchains.
Node runners stake SIS tokens to operate relayers and earn rewards, contributing to protocol security. Relayers transmit instructions for cross-chain operations between blockchains using smart contracts.
SIS is the governance token for the Symbiosis protocol originally deployed on Ethereum, BNB, Scroll, ZK Sync Era, Arbitrum One, and Linea. Token holders are welcome to trade, exchange, or stake their SIS tokens. When staking SIS tokens (i.e. locking them for a desired period of time), they can also get the veSIS ones — the Symbiosis protocol's Vote Escrow (ve) tokens.
And — did you know $SIS may be your bridge to
accruing the right to vote in unique Symbiosis DAOs,
boosting APR for liquidity provision,
reducing cross-chain fees up to 60%
and getting rewarded for staking?
By engaging with veSIS, users can tap into a plethora of benefits and opportunities that enhance their crypto assets and participation in the Symbiosis DAO.
Would like to know how to unlock the full potential of the $SIS token? Let’s dive into this article right away!
The Right to Vote in Symbiosis DAOs
Holding veSIS grants you exclusive access to a range of unique features designed to optimize your crypto experience. Through veSIS, you can actively participate in Symbiosis DAOs, where your voice and voting power contribute to shaping the future of the ecosystem. This empowers you to have a say in the governance and decision-making processes, giving you a direct influence over the direction the platform takes.
The Symbiosis DAO interface with the list of DAO polls
The Symbiosis DAO is a Decentralized Autonomous Organization that operates without a central authority, granting decision-making power to token holders.
Beyond governance, veSIS offers tangible advantages for your crypto holdings. By staking your SIS tokens, you can earn rewarding incentives and maximize your potential earnings. This means that not only do you benefit from the value appreciation of SIS tokens, but you also gain additional rewards as a result of your stake.
veSIS Benefits
Symbiosis offers various staking reward programs for users who provide liquidity to the Symbiosis protocol. These programs aim to incentivize token holders to contribute to the stability, security, and growth of the Symbiosis ecosystem while earning additional rewards.
Let's explore one of these programs in detail!
Getting rewarded for staking
By staking SIS tokens on Ethereum, BNB or zkSync chains, users can earn rewards. The distribution of rewards in the $SIS token takes place weekly, and these rewards can be claimed by users at their convenience.
Here is how the page where it is possible to create a lock looks like
Reducing cross-chain fees up to 60%
By possessing veSIS tokens, users can take advantage of a specialized rewards mechanism that provides them with fee discounts for cross-chain transactions. The extent of the fee discount and the user's tier within the rewards program are determined by the amount of veSIS tokens they hold. These discounts are applicable across various Layer 2 networks, including Boba Ethereum, Boba BNB, Arbitrum One, Arbitrum Nova, Optimism, Polygon zkEVM, Linea, Base, Scroll, Manta, Mode, zkSync Era, Metis and Blast. The discount program covers cross-chain swaps, enabling users to enjoy reduced fees. It is open to any veSIS holder.
Getting rewarded: fee discounts
The fee discounts are structured based on different tiers ranging from holding 0+ veSIS (granting a 5% discount) to holding 10000+ veSIS (granting a 60% one).
Through this enticing incentives program, holders of SIS tokens can unlock significant savings on their cross-chain transactions within the Symbiosis ecosystem
In summary, the SIS Utility offers veSIS token holders the power to participate in the decision-making of the Symbiosis DAO, obtain fee discounts for cross-chain transactions based on veSIS holdings, and benefit from the liquidity provider fee adjustments in the Octopools.
Shares of LP Fees (Boosted APR)
The boosted APR for providing liquidity in Octopools ranges from 0% to 13% in veSIS tokens.
- This program combines the benefits of earning shares of LP fees and veSIS rewards.
- The APR for veSIS staking can be checked here
The boosted APR acquisition interface
LP rewards: Symbiosis Liquidity Pools
Symbiosis has liquidity pools on Uniswap (on Ethereum), PancakeSwap (BNB Chain) and SushiSwap (on Arbitrum). Users who provide liquidity to these pools can increase their rewards by staking LP tokens. For example, the APY for staking the ETH/SIS LP pair ranges from 10% to 20% in SIS tokens.
Getting rewarded for liquidity provision
For liquidity providers, the rewards are allocated weekly and can be claimed at any moment convenient for a particular user.
Choosing a suitable option in the interface
These reward programs provide Symbiosis users with various opportunities to earn additional $SIS tokens while actively participating in the ecosystem. Whether you choose to provide liquidity, stake veSIS, or engage in LP farming, there are options available to suit different risk tolerances and reward preferences.
Delegation Staking for Symbiosis Node Runners (Soon)
Symbiosis is going to launch a delegated proof-of-stake relayers network system soon where SIS holders will be able to delegate their tokens to different validators. By doing this, they will both elevate the security of the whole Symbiosis protocol and become eligible for a variety of unique rewards.
The Symbiosis Relayers Network is a peer-to-peer (P2P) network designed for efficient and secure cross-chain operations. It's a crucial part of the Symbiosis protocol, ensuring smooth communication between blockchains.
Node runners stake SIS tokens to operate relayers and earn rewards, contributing to protocol security. Relayers transmit instructions for cross-chain operations between blockchains using smart contracts.
SIS is the governance token for the Symbiosis protocol originally deployed on Ethereum, BNB, Scroll, ZK Sync Era, Arbitrum One, and Linea. Token holders are welcome to trade, exchange, or stake their SIS tokens. When staking SIS tokens (i.e. locking them for a desired period of time), they can also get the veSIS ones — the Symbiosis protocol's Vote Escrow (ve) tokens.
And — did you know $SIS may be your bridge to
accruing the right to vote in unique Symbiosis DAOs,
boosting APR for liquidity provision,
reducing cross-chain fees up to 60%
and getting rewarded for staking?
By engaging with veSIS, users can tap into a plethora of benefits and opportunities that enhance their crypto assets and participation in the Symbiosis DAO.
Would like to know how to unlock the full potential of the $SIS token? Let’s dive into this article right away!
The Right to Vote in Symbiosis DAOs
Holding veSIS grants you exclusive access to a range of unique features designed to optimize your crypto experience. Through veSIS, you can actively participate in Symbiosis DAOs, where your voice and voting power contribute to shaping the future of the ecosystem. This empowers you to have a say in the governance and decision-making processes, giving you a direct influence over the direction the platform takes.
The Symbiosis DAO interface with the list of DAO polls
The Symbiosis DAO is a Decentralized Autonomous Organization that operates without a central authority, granting decision-making power to token holders.
Beyond governance, veSIS offers tangible advantages for your crypto holdings. By staking your SIS tokens, you can earn rewarding incentives and maximize your potential earnings. This means that not only do you benefit from the value appreciation of SIS tokens, but you also gain additional rewards as a result of your stake.
veSIS Benefits
Symbiosis offers various staking reward programs for users who provide liquidity to the Symbiosis protocol. These programs aim to incentivize token holders to contribute to the stability, security, and growth of the Symbiosis ecosystem while earning additional rewards.
Let's explore one of these programs in detail!
Getting rewarded for staking
By staking SIS tokens on Ethereum, BNB or zkSync chains, users can earn rewards. The distribution of rewards in the $SIS token takes place weekly, and these rewards can be claimed by users at their convenience.
Here is how the page where it is possible to create a lock looks like
Reducing cross-chain fees up to 60%
By possessing veSIS tokens, users can take advantage of a specialized rewards mechanism that provides them with fee discounts for cross-chain transactions. The extent of the fee discount and the user's tier within the rewards program are determined by the amount of veSIS tokens they hold. These discounts are applicable across various Layer 2 networks, including Boba Ethereum, Boba BNB, Arbitrum One, Arbitrum Nova, Optimism, Polygon zkEVM, Linea, Base, Scroll, Manta, Mode, zkSync Era, Metis and Blast. The discount program covers cross-chain swaps, enabling users to enjoy reduced fees. It is open to any veSIS holder.
Getting rewarded: fee discounts
The fee discounts are structured based on different tiers ranging from holding 0+ veSIS (granting a 5% discount) to holding 10000+ veSIS (granting a 60% one).
Through this enticing incentives program, holders of SIS tokens can unlock significant savings on their cross-chain transactions within the Symbiosis ecosystem
In summary, the SIS Utility offers veSIS token holders the power to participate in the decision-making of the Symbiosis DAO, obtain fee discounts for cross-chain transactions based on veSIS holdings, and benefit from the liquidity provider fee adjustments in the Octopools.
Shares of LP Fees (Boosted APR)
The boosted APR for providing liquidity in Octopools ranges from 0% to 13% in veSIS tokens.
- This program combines the benefits of earning shares of LP fees and veSIS rewards.
- The APR for veSIS staking can be checked here
The boosted APR acquisition interface
LP rewards: Symbiosis Liquidity Pools
Symbiosis has liquidity pools on Uniswap (on Ethereum), PancakeSwap (BNB Chain) and SushiSwap (on Arbitrum). Users who provide liquidity to these pools can increase their rewards by staking LP tokens. For example, the APY for staking the ETH/SIS LP pair ranges from 10% to 20% in SIS tokens.
Getting rewarded for liquidity provision
For liquidity providers, the rewards are allocated weekly and can be claimed at any moment convenient for a particular user.
Choosing a suitable option in the interface
These reward programs provide Symbiosis users with various opportunities to earn additional $SIS tokens while actively participating in the ecosystem. Whether you choose to provide liquidity, stake veSIS, or engage in LP farming, there are options available to suit different risk tolerances and reward preferences.
Delegation Staking for Symbiosis Node Runners (Soon)
Symbiosis is going to launch a delegated proof-of-stake relayers network system soon where SIS holders will be able to delegate their tokens to different validators. By doing this, they will both elevate the security of the whole Symbiosis protocol and become eligible for a variety of unique rewards.
The Symbiosis Relayers Network is a peer-to-peer (P2P) network designed for efficient and secure cross-chain operations. It's a crucial part of the Symbiosis protocol, ensuring smooth communication between blockchains.
Node runners stake SIS tokens to operate relayers and earn rewards, contributing to protocol security. Relayers transmit instructions for cross-chain operations between blockchains using smart contracts.
SIS is the governance token for the Symbiosis protocol originally deployed on Ethereum, BNB, Scroll, ZK Sync Era, Arbitrum One, and Linea. Token holders are welcome to trade, exchange, or stake their SIS tokens. When staking SIS tokens (i.e. locking them for a desired period of time), they can also get the veSIS ones — the Symbiosis protocol's Vote Escrow (ve) tokens.
And — did you know $SIS may be your bridge to
accruing the right to vote in unique Symbiosis DAOs,
boosting APR for liquidity provision,
reducing cross-chain fees up to 60%
and getting rewarded for staking?
By engaging with veSIS, users can tap into a plethora of benefits and opportunities that enhance their crypto assets and participation in the Symbiosis DAO.
Would like to know how to unlock the full potential of the $SIS token? Let’s dive into this article right away!
The Right to Vote in Symbiosis DAOs
Holding veSIS grants you exclusive access to a range of unique features designed to optimize your crypto experience. Through veSIS, you can actively participate in Symbiosis DAOs, where your voice and voting power contribute to shaping the future of the ecosystem. This empowers you to have a say in the governance and decision-making processes, giving you a direct influence over the direction the platform takes.
The Symbiosis DAO interface with the list of DAO polls
The Symbiosis DAO is a Decentralized Autonomous Organization that operates without a central authority, granting decision-making power to token holders.
Beyond governance, veSIS offers tangible advantages for your crypto holdings. By staking your SIS tokens, you can earn rewarding incentives and maximize your potential earnings. This means that not only do you benefit from the value appreciation of SIS tokens, but you also gain additional rewards as a result of your stake.
veSIS Benefits
Symbiosis offers various staking reward programs for users who provide liquidity to the Symbiosis protocol. These programs aim to incentivize token holders to contribute to the stability, security, and growth of the Symbiosis ecosystem while earning additional rewards.
Let's explore one of these programs in detail!
Getting rewarded for staking
By staking SIS tokens on Ethereum, BNB or zkSync chains, users can earn rewards. The distribution of rewards in the $SIS token takes place weekly, and these rewards can be claimed by users at their convenience.
Here is how the page where it is possible to create a lock looks like
Reducing cross-chain fees up to 60%
By possessing veSIS tokens, users can take advantage of a specialized rewards mechanism that provides them with fee discounts for cross-chain transactions. The extent of the fee discount and the user's tier within the rewards program are determined by the amount of veSIS tokens they hold. These discounts are applicable across various Layer 2 networks, including Boba Ethereum, Boba BNB, Arbitrum One, Arbitrum Nova, Optimism, Polygon zkEVM, Linea, Base, Scroll, Manta, Mode, zkSync Era, Metis and Blast. The discount program covers cross-chain swaps, enabling users to enjoy reduced fees. It is open to any veSIS holder.
Getting rewarded: fee discounts
The fee discounts are structured based on different tiers ranging from holding 0+ veSIS (granting a 5% discount) to holding 10000+ veSIS (granting a 60% one).
Through this enticing incentives program, holders of SIS tokens can unlock significant savings on their cross-chain transactions within the Symbiosis ecosystem
In summary, the SIS Utility offers veSIS token holders the power to participate in the decision-making of the Symbiosis DAO, obtain fee discounts for cross-chain transactions based on veSIS holdings, and benefit from the liquidity provider fee adjustments in the Octopools.
Shares of LP Fees (Boosted APR)
The boosted APR for providing liquidity in Octopools ranges from 0% to 13% in veSIS tokens.
- This program combines the benefits of earning shares of LP fees and veSIS rewards.
- The APR for veSIS staking can be checked here
The boosted APR acquisition interface
LP rewards: Symbiosis Liquidity Pools
Symbiosis has liquidity pools on Uniswap (on Ethereum), PancakeSwap (BNB Chain) and SushiSwap (on Arbitrum). Users who provide liquidity to these pools can increase their rewards by staking LP tokens. For example, the APY for staking the ETH/SIS LP pair ranges from 10% to 20% in SIS tokens.
Getting rewarded for liquidity provision
For liquidity providers, the rewards are allocated weekly and can be claimed at any moment convenient for a particular user.
Choosing a suitable option in the interface
These reward programs provide Symbiosis users with various opportunities to earn additional $SIS tokens while actively participating in the ecosystem. Whether you choose to provide liquidity, stake veSIS, or engage in LP farming, there are options available to suit different risk tolerances and reward preferences.
Delegation Staking for Symbiosis Node Runners (Soon)
Symbiosis is going to launch a delegated proof-of-stake relayers network system soon where SIS holders will be able to delegate their tokens to different validators. By doing this, they will both elevate the security of the whole Symbiosis protocol and become eligible for a variety of unique rewards.
The Symbiosis Relayers Network is a peer-to-peer (P2P) network designed for efficient and secure cross-chain operations. It's a crucial part of the Symbiosis protocol, ensuring smooth communication between blockchains.
Node runners stake SIS tokens to operate relayers and earn rewards, contributing to protocol security. Relayers transmit instructions for cross-chain operations between blockchains using smart contracts.
Symbiosis
Symbiosis 是一种跨链 AMM DEX，它将来自不同网络的流动性汇集在一起：L1 和 L2、EVM 和非 EVM。
文档
Symbiosis
Symbiosis 是一种跨链 AMM DEX，它将来自不同网络的流动性汇集在一起：L1 和 L2、EVM 和非 EVM。
文档
Symbiosis
Symbiosis 是一种跨链 AMM DEX，它将来自不同网络的流动性汇集在一起：L1 和 L2、EVM 和非 EVM。
文档