Searching for Alpha: Symbiotic

DeFi ProtocolsJune 28, 2024, 9:35AM EDT
UPDATED: June 28, 2024, 9:36AM EDT
Searching for Alpha: Symbiotic
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Cross-staking (or restaking) has become one of the most prominent narratives within the Ethereum ecosystem, spearheaded by EigenLayer. To recap, cross-staking enables the rehypothecation of collateral to economically secure multiple infrastructures concurrently via proof-of-stake consensus. 

While EigenLayer is a holistic cross-staking protocol that secures services with staked ETH (and EIGEN), Symbiotic aims to provide a more generalized and modular framework for cross-staking that offers more flexibility to participants of the shared security market, such as infrastructure operators and stakers.

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