Symbiotic is a restaking protocol built on Ethereum with a unique asset-agnostic shared security model. It enables users to enhance the platform's security by restaking various eligible assets, while allowing web3 developers to utilize this security in their blockchain networks.
The Symbiotic crypto restaking protocol positions itself as a primary competitor to , another restaking protocol, by offering an extended range of stakeable assets, including stablecoins, Ethereum LSTs, LP tokens, and governance tokens.
Such innovation in staking allowed Symbiotic Finance to achieve a only in one month after launch, as well as to raise over from Paradigm and cyber.Fund.
