Reading time: 2 minutes The world of cryptocurrencies is in turmoil with the announcement of Symbiotic, a new restaking protocol which quickly crossed the billion dollar mark in deposits in less than a month. Backed by the founders of Lido and the venture capital firm Paradigm, Symbiotic is positioning itself as a serious competitor to EigenLayer, the leader […]
The article Symbiotic exceeds 1 Billion Dollars in deposits in less than a month: A threat to EigenLayer? appeared first on Coinaute.