Symbiotic is launching the first permissionless modular restaking protocol on Ethereum, allowing users to stake any ERC-20 token to secure multiple networks. This innovative approach enhances security and capital efficiency across the decentralized finance sector, attracting interest from major projects and raising $5.8 million in seed funding. With over $1 billion Total Value Locked, Symbiotic is poised to challenge existing DeFi protocols like EigenLayer.
about Symbiotic Launches First Permissionless Modular Restaking Protocol on Ethereum