🚨🚨🚨 Attention BinancianZzz 🚨🚨🚨🚨
👉Lido Co-Founders and Paradigm Fund Secretive New DeFi Player Symbiotic.👀
👉In a strategic move poised to shake up decentralized finance, the co-founders of leading liquid staking protocol Lido and venture capital firm Paradigm are covertly funding a new project named Symbiotic. 📈
👉This emerging competitor in the "restaking" arena promises to challenge the rapidly rising EigenLayer. 🏇
👉Exclusive documents obtained by CoinDesk reveal Symbiotic's vision: a protocol enabling users to restake Lido's staked ether (stETH) and other popular assets not supported by EigenLayer.🧠🧠 👉Developed by the creators of Stakemind, Symbiotic will allow decentralized networks to coordinate node operators and economic security providers through flexible, permissionless mechanisms.👀
👉The backing from heavyweights like Konstantin Lomashuk and Vasiliy Shapovalov's Cyber Fund, along with Paradigm, signals a potential reshaping of the DeFi landscape. 🏄
👉Symbiotic's unique approach allows direct deposits of any Ethereum ERC-20 token, including stETH, setting it apart from EigenLayer, which only accepts ETH tokens.👉 This compatibility with a wide range of assets could position Symbiotic as a formidable force in the restaking ecosystem.
👉As the restaking trend gains momentum, with notable funding rounds for competitors like Karak, the entry of Symbiotic marks a significant development.📉
👉This could lead to a competitive dynamic similar to the Uber vs. Lyft scenario, underscoring the vast potential of the restaking market.🕵️♂️
S👉tay tuned as Symbiotic prepares to redefine decentralized finance and challenge established players with innovative solutions and powerful backing.💰
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