Symbiosis integrates zkSync: ‘Natural evolution' of scaling solutions
Cross-chain DeFi platform Symbiosis has integrated zkSync to improve transaction speed and reduce fees on its automated market-making protocol. Cross-chain automated marker maker Symbiosis has onboarded layer-2 scaling protocol zkSync to improve speed and reduce fees of token swaps on its platform. The decentralized exchange (DEX) was launched in March 2022. It provides single-sided stablecoin pools that deliver zero impermanent loss to liquid providers. It also facilitates ‘any-to-any’ native asset swaps on its platform across Ethereum Virtual Machine (EVM) and non-EVM networks. Nick Avramov, co-founder of Symbiosis, told Cointelegraph that the integration of zkSync will provide one-click swaps from Ethereum, Polygon, Avalanche, BNB, Telos and other blockchains into zkSync and back. The additional functionality also removes the need for users to switch between different wallets and interfaces. Avramov also confirmed that the integration improves the variety of token swaps through it...