Symbiotic Emerges As A Leading Ethereum Restaking Platform With Strong Backing and Unique Features
Symbiotic, a newly launched Ethereum restaking platform, has quickly gained traction in the crypto community. Supported by Paradigm and the founders of Lido, Symbiotic aims to enhance security through liquidity for services built on its protocol. This new platform facilitates coordination between users and services, providing a robust framework for restaking. https://twitter.com/intotheblock/status/1800902003062616420?t=qJp4ijqHKr8U9PgKb45xEg&s=19 Symbiotic vs. Eigenlayer Earlier this year, Eigenlayer made headlines with its total value locked (TVL) soaring to over $12 billion in just a few months, now standing at $18.5 billion. While Eigenlayer has set a high bar, Symbiotic introduces several unique features that set it apart. Unique Features 1. ERC-20 Collateral: Currently limited to Liquid Staking Tokens (LSTs), Symbiotic plans to allow any ERC-20 token as collateral. This flexibility offers users more options compared to Eigenlayer. 2. Vaults: Symbiotic's vaults manage the delegation of assets to services, functioning as […]