Symbiotic
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Symbiotic, a permissionless restaking protocol, has officially launched. The protocol's core contracts are immutable and non-upgradeable, which removes external governance risks and single points of failure.
Additionally, Symbiotic has announced a $5.8M seed funding round, led by crypto-native funds Paradigm and CyberFund.
#Symbiotic #restaking #TopCoinsJune2024 #ETHETFsApproved #Binance200M
Additionally, Symbiotic has announced a $5.8M seed funding round, led by crypto-native funds Paradigm and CyberFund.
#Symbiotic #restaking #TopCoinsJune2024 #ETHETFsApproved #Binance200M
YieldNest announces partnership with Symbiotic Finance, enabling the introduction of curated products like ynLSDs and ynUSDs, with more products and asset categories.
#YieldNest #Symbiotic #SOFR_Spike #BinanceTournament #Megadrop
#YieldNest #Symbiotic #SOFR_Spike #BinanceTournament #Megadrop
đ Top 15 Total Value Locked (#TVL ) gainers in the last 30 days
Among the top performers are #Symbiotic , an $ETH restaking protocol, #YeiFinance , a Money Market on $SEI Network, and #TrustinFinance , a permissionless lending protocol.
Among the top performers are #Symbiotic , an $ETH restaking protocol, #YeiFinance , a Money Market on $SEI Network, and #TrustinFinance , a permissionless lending protocol.
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A Brief Analysis of Lido, Paradigm and EigenLayer in the DeFi and Restaking Race
Secret Funding and New Competition
Founders of Lido and Paradigm: The co-founders of Lido, the largest liquid staking protocol on Ethereum, are secretly funding Symbiotic, an EigenLayer competitor. They support the project through their venture capital firm Cyber ââFund and Paradigm, a cryptocurrency venture capital firm.
Symbiotic Project: The Symbiotic Project allows users to "reset" assets using Lido's ether (stETH) token and other ERC-20 assets. Symbiotic is developed by the team behind the Stakemind staking service and will operate as a permissionless "reset" protocol, providing a flexible mechanism for decentralized networks to coordinate node operators and economic security provider.
Founders of Lido and Paradigm: The co-founders of Lido, the largest liquid staking protocol on Ethereum, are secretly funding Symbiotic, an EigenLayer competitor. They support the project through their venture capital firm Cyber ââFund and Paradigm, a cryptocurrency venture capital firm.
Symbiotic Project: The Symbiotic Project allows users to "reset" assets using Lido's ether (stETH) token and other ERC-20 assets. Symbiotic is developed by the team behind the Stakemind staking service and will operate as a permissionless "reset" protocol, providing a flexible mechanism for decentralized networks to coordinate node operators and economic security provider.
$ETHFI and Symbiotic Join Forces! đ Great news for #ETHFI holders! Ether.fi has teamed up with Symbiotic to bring you even more staking rewards. đ€đ„
Now you can stake your ETHFI on Symbiotic and earn extra rewards while helping to secure the Ether.fi oracle and cross-chain networks. đ€đȘ
It's a win-win! You get more bang for your buck, and Ether.fi gets a stronger network.
Let's see how this partnership grows! đDYOR! #Altcoins #restaking #Symbiotic
Now you can stake your ETHFI on Symbiotic and earn extra rewards while helping to secure the Ether.fi oracle and cross-chain networks. đ€đȘ
It's a win-win! You get more bang for your buck, and Ether.fi gets a stronger network.
Let's see how this partnership grows! đDYOR! #Altcoins #restaking #Symbiotic
