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Symbiosis logoSymbiosis

Symbiosis is a cross-chain AMM DEX externally validated my a MPC relayers network.
  • Total value locked
    $3.58 M0.07%
  • Destination
    Various
  • Validated by
    Third Party
  • Type
    Hybrid
  • ...

    Tokens

    Choose token

    Bridged Tokens (Top 15)

    Symbiosis (SIS)
    USD Coin (USDC)
    Wrapped Ether (WETH)
    Risk summary
    Technology

    Principle of operation

    Symbiosis uses a MPC relayer network to facilitate cross-chain transfers. An AMM on BOBA BNB is used to perform swaps.

    Transfers are externally verified

    Requests are watched by a relayer network that, utilizing MPC, signs off swaps and token minting.

    • Users can be censored if MPC nodes decide to censor certain transactions (CRITICAL).

    • Funds can be stolen if MPC nodes decide to maliciously takeover them or there is an external exploit which will result in signing malicious transaction (CRITICAL).

    • Funds can be lost if MPC nodes lose their private keys (CRITICAL).

    Destination tokens

    Received tokens can be wrapped tokens or native tokens depending on the destination network.

    • Funds can be lost if destination token contract is maliciously upgraded or not securely implemented (CRITICAL).

    Permissions

    The system uses the following set of permissioned addresses:

    Multisig 0x5112…106a

    This multisig can upgrade the BridgeV2 and Portal contracts.

    Smart contracts
    Note: This section requires more research and might not present accurate information.

    The system consists of the following smart contracts on the host chain (Ethereum):

    MetaRouter 0xf621…Ff7F

    An upgradeable contract to process funds by provided route.

    A contract that generates Oracle requests for the Symbiosis relayers network.

    A contract that stores “bridged” liquidity. This contract stores the following tokens: USDC, SIS, WETH.

    Knowledge Nuggets