According to Techub News, The Block reported that the re-pledge protocol Symbiotic launched Devnet on the Ethereum Holesky testnet and plans to launch the mainnet in the third quarter.

Symbiotic allows users to deposit funds to support third-party protocols through a shared security model, positioning itself as a competitor to Ethereum's first re-pledge protocol EigenLayer. In addition to Ethereum and specific derivatives, it also supports a variety of ERC-20 tokens. The deployment includes the Symbiotic core contract, including its vault and mortgage system, which allows the use of any asset to re-pledge to protect third-party protocols.