Ruslan Khairullin
@investzonaa
ATTENTION: new restaking protocol 💥 A new player on the radar among restaking competitors backed by Paradigm and LidoFinance. Explore the details in this thread 🧵
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Ruslan Khairullin
@investzonaa
Before you start, be sure to save this thread to your Bookmarks, Like and Retweet it so you don't lose it 🔖
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Ruslan Khairullin
@investzonaa
2. https://x.com/symbioticfi Symbiotic is a shared security protocol that serves as a thin coordination layer, empowering network builders to control and adapt their own restaking implementation in a permissionless manner.
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Ruslan Khairullin
@investzonaa
3. The protocol’s flexible and credibly neutral design brings unique benefits to network participants: 1️⃣ Flexibility through modularity 2️⃣ Risk minimization through immutability 3️⃣ Capital efficiency through restaked collateral and reputation-based curation
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Ruslan Khairullin
@investzonaa
4. Symbiotic raised a seed round investment of $5.8M 💰 And it was led by venture capital funds Paradigm and CyberFund https://x.com/symbioticfi/status/1800530056500117824
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Ruslan Khairullin
@investzonaa
5. The protocol also has partners among other large and respected crypto projects that participated in the launch of Symbiotic 👇
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Ruslan Khairullin
@investzonaa
6. So, now let's talk about Symbiotic airdrop. Symbiotic now has an active system of points that you earn for holding your assets in pools. A similar system was previously in the Eigenlayer project.
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