Binance Labs Invests in Cross-Chain Swap Protocol Symbiosis Finance

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Binance Labs, the venture arm of crypto exchange Binance, has made an undisclosed strategic investment in multi-chain liquidity protocol Symbiosis Finance.

According to the company, it will use the funds raised to expand the team as the mainnet launches and more blockchains join, including Solana, Terra, Polkadot and Cardano. Integration with several wallets, services and decentralized applications is also planned.

The Symbiosis Finance project allows users to exchange tokens between major native DeFi networks such as Ethereum, Binance Smart Chain, Polygon, Avalanche, as well as EVM-compatible networks and L2 solutions.

According to the project’s roadmap, the second version of the Symbiosis v.2 protocol will implement side-chain, cross-chain farming, intelligent order routing and unified AMM pools.

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