The multi-chain liquidity protocol Symbiosis Finance has announced a partnership with the Boba Network platform, according to project representatives who spoke to ForkLog.<\/p>\n
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.<\/p>\n
Boba Network’s L2 solution based on Optimistic rollups<\/a> reduces gas costs and increases transaction throughput by scaling Ethereum smart contracts.<\/p>\n Using Boba Network’s patented hybrid computing technology, Turing, developers can create Ethereum-dapps<\/span> built on complex algorithms, including AWS Lambda.<\/p>\n The Symbiosis Finance project enables swapping tokens across popular L1 networks such as Ethereum, Binance Smart Chain, Polygon, Avalanche, as well as EVM<\/span>-compatible networks and L2 solutions.<\/p>\n Going forward, developers plan to add new blockchains, including Terra, Near, and Solana, and to expand the number of L2 networks.<\/p>\n Earlier in the launch of the beta mainnet<\/a> was announced by Symbiosis Finance in March.<\/p>\n In February, the project received an undisclosed amount of strategic investments<\/a> from Binance’s venture arm.<\/p>\n