[SIP-2] Shifting SIS from Ethereum to the BNB chain

Context

SIS is the token of the Symbiosis protocol. It is used for staking to run relayer nodes in the Symbiosis relayers network and governing the Symbiosis DAO and DAO Treasure. Furthermore, Symbiosis incentivizes users in SIS tokens for participating in the protocol activities such as liquidity provision.

Moving SIS into the BNB chain has a two-fold rationale. On the one hand, Symbiosis v2 has been deployed on BNB L2 managing network, making the whole system more smooth, secure, and efficient. Besides, Symbiosis belongs to the Binance Ecosystem and aims at developing accordingly.

Also, since the SIS token is on Ethereum, and the transaction fees that are paid in Ether sometimes become uncomfortably high, it reduces the interest and yield of Symbiosis users.

Proposal

1. Move SIS tokens from Ethereum to the BNB chain using the Symbiosis protocol functionality.
2. Deploy a new liquidity pool SIS/BNB on BNB-native DEX.
3. Realize the veSIS logic on the BNB chain

Key Points

• The shift to the BNB chain will reduce the transaction costs related to operations with SIS tokens.
• Symbiosis partnership with a new DEX on the BNB chain will allow more users to trade SIS tokens, making SIS tokens more liquid, which, in turn, will increase the SIS token demand.
• veSIS launch on the BNB chain will allow more users to participate in the program getting rewards and participating in the Symbiosis DAO.