TL;DR
- Symbiotic launches its restaking protocol on Ethereum, becoming the first fully permissionless and modular system to go into production.
- Unlike other protocols, Symbiotic allows users to use any ERC-20 token to secure networks and features a slashing system.
- Symbiotic’s modular architecture, based on “vaults,” enables the customization of security mechanisms and the selection of operators without losing sovereignty.
Symbiotic has launched its restaking protocol on the Ethereum mainnet, becoming the first fully permissionless and modular system to go live in production.
Restaking allows users to redelegate previously staked assets on one network to secure others, optimizing the utilization of their capital. This mechanism provides a highly flexible decentralized security solution, preventing networks from having to build their own security systems from scratch or rely on rigid protocols.
What Sets Symbiotic Apart?
Unlike other protocols such as EigenLayer, Symbiotic allows users to deposit any ERC-20 token in its security model. This opens up new possibilities for projects looking to implement security mechanisms without the limitations of predefined systems.
Additionally, it integrates a “slashing” system, which penalizes validators who commit faults such as incorrectly signing blocks or experiencing excessive downtime. This mechanism is essential for maintaining integrity and trust in proof-of-stake (PoS) networks.
The protocol is built on a modular architecture structured around smart contracts known as “vaults.” These contracts allow users to pool their staked assets, which can then be used to secure other networks. Symbiotic’s modularity offers unprecedented flexibility, as it enables the personalized configuration of security mechanisms, collateral assets, and operator selection criteria, all while maintaining complete sovereignty over the protocol.
Instant Success
Symbiotic is already being adopted by several projects seeking to integrate its security solutions. For example, Capx, an Ethereum Layer 2 focused on AI agents, is using it to secure its infrastructure. Other projects like Radius and HyveDA are also leveraging the protocol’s capabilities to strengthen their systems and improve the decentralization of their networks.
The launch on Ethereum is a major achievement in the field of decentralized security, offering projects a flexible and scalable option to secure their networks without sacrificing sovereignty, providing networks with an efficient and autonomous way to coordinate.
