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Symbiotic

Category: Restaking

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Overview

Total XP Rewards

20

Estimated Rewards

$100M

Funding

$5.8M

Current Stage

Season 1

Total value locked

$2.25B

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/1

TGE

Q1-2025

Type

Restaking

Confirmed

Yes

Date

9 months ago

Introduction

  • Symbiotic is redefining the way to decentralize networks capital-efficiently. A permissionless, multi-asset restaking and network-agnostic design enables scalable sourcing of economic security.

 

Tasks

task-link

Fundamentals

  • Collateral: Represents underlying on-chain assets, agnostic of chain or asset type, including ERC20 tokens, Ethereum validator withdrawal credentials, and other on-chain assets like LP positions.
  • Vaults: Manage the delegation of collateral to operators across networks, curated by providers such as Lido or institutional holders, or through operator-specific vaults.
  • Operators: Entities running infrastructure for networks, registered by the Symbiotic protocol, and receiving economic backing from restakers through vaults.
  • Resolvers: Entities or contracts that arbitrate slashing penalties incurred by operators, providing a neutral third party to enable collateral sharing among networks and restakers.
  • Networks: Protocols requiring distributed node operators to provide trust-minimized services like decentralized transaction sequencing, off-chain data consensus and protocol automation.

Potential Rewards

  • Symbiotic modular design is highly flexible. It supports any mix of tokens as restaked collateral. Slashing and reward logic is fully configurable.
  • Symbiotics are immutable. Non-upgradeable core contracts on Ethereum remove external governance risks and single points of failure.
  • Symbiotic is capital-efficient. A permissionless, multi-asset, and network-agnostic design enables scalable sourcing of economic security.
  • By depositing assets into this platform, users can earn symbolic points which can be important criteria for TGE (Token Generation Event) and airdrops.
  • Current caps are filled, Other assets can still be staked, and caps will be increased over time. More assets will be added as they continue the initial scaling of the protocol.

Symbiotic has partnered with industry-leading protocols including:

  • LayerZero
  • Ethena
  • Etherfi
  • Swell
  • Mind Network
  • Hyperlane

Investors

  • Paradigm
  • Cyberfund

Audit

  • Statemind
  • ChainSecurity

Supporting Tokens

Ethereum

Liquid Staking

  • Wrapped Lido Staked Ether (wstETH)
  • Coinbase Wrapped Staked Ether (cbETH)
  • Binance Staked Ether (wBETH)
  • Rocket Pool Ether (rETH)
  • Mantle Staked Ether (mETH)
  • Swell Staked Ether (swETH)

Features

  • Symbiotic is redefining the way to decentralize networks, Use any asset on any chain. High flexibility, minimal friction, fully permissionless.
  • Maximally capital-efficient sourcing of node operators and economic security through an extendable collateral base and scalable architecture.
  • Immutable core contracts give Symbiotic builders choice and control over shared security agreements. No unnecessary governance, slashing committee, or permissioning.
  • Symbiotic is a minimal coordination layer that can plug into existing or novel network architectures. Symbiotic to all market actors.
  • Networks using Symbiotic have fully customizable punishment and reward mechanisms. Adaptable restaking logic allows networks to seamlessly adjust to evolving requirements.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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