1/ Today, @symbiotic Restaking Vaults went live on Mainnet

We launched five Restaking Vaults on Symbiotic, building on over a year of deep research exploring restaking risk, optimizing network and operator allocation, and examining collateral health.

1/ Yesterday, restaking took a great leap forward with the launch of vaults on @symbiotic

Today, we break down our curation strategy.

Economic modeling for crypto. Research, optimization, and risk management for DEX, Lending, Perpetuals, (Re)staking, Stablecoins, and Ecosystems.


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2/ Our methodology: maximize network allocation, minimize slashing risk across preferred collateral options

We evaluate the following factors:

- Network allocation
- Collateral selection
- Operator onboarding

4/ Network allocation — non-slashable

With non-slashable networks, we take a risk-adjusted yield-maximizing approach by allocating the maximum amount of vault collateral (up to each network’s limit) to provide shared security.

5/ Collateral choice

With Symbiotic’s mainnet launch, we selected five premium LSTs as collateral for Gauntlet-curated Symbiotic Restaking Vaults: wstETH, cbETH, rETH, swETH, wBETH.

We evaluate collateral based on this framework:

5/ Collateral choice

With Symbiotic’s mainnet launch, we selected five premium LSTs as collateral for Gauntlet-curated Symbiotic Restaking Vaults: wstETH, cbETH, rETH, swETH, wBETH.

We evaluate collateral based on this framework: https://www.gauntlet.xyz/resources/restaking-collateral-health

6/ Operators

Operators serve two purposes: 1) efficiently running networks without exposure to additional slashing risk and 2) diversifying depositor risk from unexpected slashing.

We onboard operators with a strong track record across existing restaking ecosystems and L1s. Still, slashing risk cannot be reduced to zero. Spreading allocations across multiple operators reduces the potential downsides from unexpected slashing.

7/ Explore our Symbiotic Vaults: 

wstETH: https://app.gauntlet.xyz/vaults/eth:0xc10A7f0AC6E3944F4860eE97a937C51572e3a1Da
cbETH: https://app.gauntlet.xyz/vaults/eth:0xB8Fd82169a574eB97251bF43e443310D33FF056C
rETH: https://app.gauntlet.xyz/vaults/eth:0xaF07131C497E06361dc2F75de63dc1d3e113f7cb
swETH: https://app.gauntlet.xyz/vaults/eth:0x65B560d887c010c4993C8F8B36E595C171d69D63
wBETH: https://app.gauntlet.xyz/vaults/eth:0x81bb35c4152B605574BAbD320f8EABE2871CE8C6

Institutional users can contact us here: https://t.me/cbrown67

3/ Network allocation — slashable

We evaluate slashable networks by conducting technical due diligence, incorporating our delegator hook, which acts as a stop-loss in the event of mass slashing, and leveraging our monitoring and modeling.

We also employ an optimization technique called “minimax,” which minimizes the worst-case loss for our vault stakers in the event of mass slashing.