Binance\u2019s venture arm has made strategic investments of an undisclosed amount in the multichain liquidity protocol Symbiosis Finance, according to project representatives contacted by ForkLog.<\/p>\n
Symbiosis Finance is using the funds to expand its team amid the mainnet launch and to onboard a growing number of blockchains, including Solana, Terra, Polkadot and Cardano. The project also plans integrations with various wallets, services and decentralised applications.<\/p>\n
The Symbiosis Finance project enables token swaps across major native DeFi networks such as Ethereum, Binance Smart Chain, Polygon, Avalanche, as well as across EVM-compatible networks and Layer 2 solutions.<\/p>\n
According to the roadmap, in the second version of the Symbiosis protocol v.2, sidechains, cross-chain farming, intelligent order routing, and unified AMM<\/span>-pools will be implemented.<\/p>\n Back in October 2021, Symbiosis Finance completed its seed round financing in the amount of $2 million<\/a>, led by Blockchain.com Ventures. The funding round also included Wave Financial, BTC Inc, KuCoin Labs, Injective Labs, DAO Maker, Primitive Ventures, Kairon Labs, Gate.io and Avalanche.<\/p>\n