“ZK SZN” Continues with Symbiosis adding Polygon zkEVM Chain Introducing Enhanced Liquidity, Lower Fees, and Faster Transactions for Symbiosis Users
London
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June 01, 2023 10:00 AM Eastern Daylight Time
June 1, 2023 – Symbiosis, a cross-chain liquidity protocol, has announced that it will be adding the Polygon zkEVM chain to its platform. The addition of Polygon zkEVM will allow Symbiosis users to access a wider range of assets and DeFi protocols and enjoy lower fees and faster transactions.
Polygon zkEVM is a Layer 2 scaling solution that uses zkRollups to provide Ethereum-compatible smart contracts with high throughput and low gas fees. This makes it an ideal platform for DeFi applications, as it allows them to scale without sacrificing security or interoperability.
Benefits of Adding Polygon zkEVM to Symbiosis
The addition of Polygon zkEVM to Symbiosis will offer several benefits, including:
Increased liquidity: Polygon zkEVM is a popular Layer 2 scaling solution, and it offers a significant amount of liquidity. This will allow Symbiosis Finance users to access a wider range of assets and DeFi protocols.
Lower fees: Polygon zkEVM offers significantly lower fees than Ethereum. This will make it more affordable for users to swap assets.
Faster transactions: Polygon zkEVM transactions are significantly faster than Ethereum transactions. This will make it more convenient for users to use Symbiosis.
Enhanced security: Polygon zkEVM uses zkRollups, which are a type of zero-knowledge proof that offers enhanced security. This will make Symbiosis more resistant to attacks.
Overall, the addition of Polygon zkEVM to Symbiosis Finance is a major development that will offer many benefits to users. It is likely to help the protocol attract more users and grow its ecosystem.
Symbiosis is the perfect solution for DeFi enthusiasts who want to swap any token with ease and transfer their assets across different blockchains. With just one click, any-to-any cross-chain operations are executed, providing competitive exchange rates and minimal transaction costs.
*Disclaimer: Symbiosis does not offer financial advice. The content found on symbiosis.finance should not be regarded as a replacement for personalized cryptocurrency trading advice. The information provided on symbiosis.finance and through Symbiosis's services should not be relied upon when making any decisions. Always exercise due diligence and come to your own conclusions.
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