::insights::

💥 The co-founders of Lido Finance are secretly funding a competitor to EigenLayer!

> According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm CyberFund, but also Paradigm.

> Symbiotic allows users to "restake" using Lido's staked ether (stETH) token and other popular assets that are not natively compatible with EigenLayer.

$LDO #LDO $BTC #BTC #PEPE $PEPE