> For the complete documentation index, see [llms.txt](https://symbiotik.gitbook.io/symbiotik/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://symbiotik.gitbook.io/symbiotik/english-1/symbiotik-s-mbi-t-k.md).

# symbiotik \[ˌsɪmbiˈɑːtɪk]

![](https://2722888413-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUWsQJKc5nmn01vi2lbmS%2Fuploads%2FfL3MU6u20Hp4JPhMOVV3%2Fsym-docs-1.png?alt=media\&token=bd877e46-187b-4e29-9557-85f64faa7fa9)

## symbiotik

symbiotik is a reserve currency protocol that organically leverages the governance systems of various DeFi services in the Klaytn ecosystem. The symbiotik protocol allows Treasury to own different stable assets (such as KLAY) in the Klaytn ecosystem and provide liquidity into various DeFi services as a protocol.

In addition, the protocol secures governance tokens (such as CLA) for DeFi services that are collaborative or validated to maximize the profits of Treasury asset management. The profits from Treasury asset management will be distributed to SYM holders, increasing the value of SYM.

We seek sustainable growth of governance tokens for DeFi services combined with symbiotik. This completes ‘symbiotic’ relationships and leads to the growth of the Klaytn ecosystem.

## **Why do we build symbiotik?**

Klaytn is one of the fast-growing ecosystems with various DeFi services at its core. Each service creates its own ecosystem with a considerable TVL, community, and governance system, which has led to the overall growth of Klaytn’s Ecosystem Power. However, the Klaytn Ecosystem Power is limited because of fewer organic connections between DeFi services. We believe the core of DeFi is MoneyLEGO, and it means symbiosis. The stable growth of DeFi protocols such as Curve, Convex, and Frax in the Ethereum ecosystem is the best example of what symbiosis means, not exclusion.

We need a representative Reserve Currency in the mature Klaytn ecosystem. However, most major tokens depend on KLAY (the utility token of the Klaytn chain) and the stability of the certain Bridge, which caused most currencies to be Bridge Stablecoins. There were a few attempts in terms of Reserve Currency on Klaytn, but they heavily focused on POL (Protocol Owned Liquidity) mechanism instead of Ecosystem Power. Also, they were backed by the projects’ governance tokens causing the projects to have grown in a different direction from Klaytn Reserve Currency.

Symbiotik builds SYM, a powerful reserve currency backed by the Ecosystem Power of the Klaytn ecosystem. POG (Protocol Owned Governance), a governance power based on the Treasury assets from Bonding and Staking and the governance tokens of various DeFi services, will represent Klaytn’s Ecosystem Power. In other words, as symbiotik grows, the governance power of DeFi services in the Klaytn ecosystem will be concentrated on symbiotik and efficiently utilized, and where POL is structured. Our goal is to build a Reserve Currency System backed by Klaytn’s Ecosystem Power and nurture the ecosystem.

Recently, many DeFi services on Klaytn adopted governance systems. However, as it is in the very early stage and the reality is that participation is low, and most voting rights are being used without discussion by the public community. In the long term, symbiotik will use POL and POG to vote for the right protocol in the right way for governance, helping the community and ecosystem.