Multi-chain liquidity protocol Symbiosis Finance has launched the veSIS mainnet and will host a stakeholder competition with a total prize pool of 35,000 SIS.

Users will receive a reward for locking their SIS token in a special contract for a period of 1 month to 4 years.

The reward depends on the size of the bet and the amount of commissions received from the liquidity pools Symbiosis has. Rewards are given on a weekly basis. Staked SIS tokens remain locked in the contract and can be withdrawn after the betting period has expired.

The competition will take place from 5 to 18 September.

Winning categories:

• 50 winners in the category “Below 1000 ÖBS” – 50 ÖBS awards for each winner;
• 25 winners in the category “Below 2000 SIS” – 200 SIS awards;
• 10 winners in the category “Below 5000 ÖBS” – 650 ÖBS awards;
• 4 winners in the category “Below 10,000 ÖBS” – 1500 ÖBS awards;
• Winner of 1 “from 10,000 ÖBS to 50,000 ÖBS” will receive a bonus of 10.000 ÖBS.

The winners are those who record the highest amount in the category.

To enter the competition, you must:

• Go to the Symbiosis Finance app;
• blocking at least 100 SISs for at least one year;
• The blocking must be valid until the end of the competition, September 18, 08:00 Kyiv time.

Winners will be announced on September 19 and prizes will be distributed within 24 hours. Tokens will go to addresses with blocked coins.

The Symbiosis Finance team will also randomly award an additional 5000 SIS. For this you need to retweet the news about the launch of the veSIS mainnet and tag three friends in the comments.

In the fourth quarter of 2022, the second version of the Symbiosis v.2 protocol is expected to be released. It will include a governing network, capital-efficient stablecoin pools, an expanded transfer network, and more.

Recall that in August Symbiosis Finance entered into a partnership with the Telos blockchain, which gives users access to scalable dapps at low fees.

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