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Symbiotic: EigenLayer’s Fiercest Competitor Backed by Paradigm and Lido

Since coming out of stealth in early June, the shared security protocol Symbiotic has grown to over $1B in TVL. Symbiotic will serve as a thin coordination layer, empowering network builders to control and adapt their own restaking implementations in a permissionless manner.
By: The Defiant Team • July 07, 2024
Symbiotic: EigenLayer’s Fiercest Competitor Backed by Paradigm and Lido

Disclaimer: This is neither a recommendation nor an endorsement to buy or trade any token(s) mentioned.

Since coming out of stealth in early June, the shared security protocol Symbiotic has grown to over $1B in TVL. Symbiotic will serve as a thin coordination layer, empowering network builders to control and adapt their own restaking implementations in a permissionless manner.

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