Symbiotic: A permissionless re-staking protocol

Compiled by: bluue

Today, we are excited to announce the initial deployment of the Symbiotic Protocol.

This launch marks the realization of permissionless sharingSafetyAn important milestone in the protocol vision, which can effectively promote the decentralization and collaborative development of any network.

The Symbiotic Protocol is a neutral coordination framework that introduces innovative modular units that bring unique advantages to participants.

ThisXiaobai NavigationFocus brings unique benefits to Symbiotic participants:

Flexibility through modularity Symbiotic allows the network to autonomously control all aspects of the staking process, and participants can flexibly join or exit the sharingSafety. Including supported re-pledge assets, asset ratios, caps, node operator selection mechanisms, rewards and penalties, etc.

Minimize risk through immutability:Non-upgradability on Ethereumcontract消除了外部治理风险和单点故障，简洁且灵活的contract设计最大程度地降低了执行风险。

Capital efficiency through re-hypothecation:借助无需许可、多资产、无网络依赖的设计实现了经济Safety的可扩展和资本高效的获取。不断发展的以运营为中心的跨网络声誉系统将进一步提高网络构建者的资本效率。

The evolution of shared security

Decentralized networks require coordination mechanisms to incentivize and ensure that infrastructure operators abide by the rules of the protocol.

In 2009, Bitcoin introduced the first trustless coordination mechanism, launching a decentralized network through Proof of Work (PoW).

The evolution from PoW to Proof of Stake (PoS) improves the model by focusing on economic collateral rather than raw computing power.

Symbiotic’s shared security leverages the security of existing ecosystems to provide a secure path to decentralize any network.

Symbiotic is a shared security protocol that acts as an intermediate coordination layer, giving network builders control and authority to adjust the re-staking process.

Symbiotic Ecology

The need for an economically secure decentralized network plays a key role in launching a restaking ecosystem. Symbiotic offers a highly flexible design that is suitable for protocols at any stage of decentralization.

Projects can launch a decentralized and trust-minimized network with existing operators on day one, expand the set of operators in the existing ecosystem, increase the cost of attack by increasing stake, or add multipleTokenTo integrate the ecosystem.

Excited to announce our first collaborations exploring Symbiotic’s re-pledge primitives:

Ethena is integrating Symbiotic with LayerZero’s Decentralized Verification Network (DVN) to secure Ethena assets such as $USDe across chains.

The Bolt protocol built by Chainbound enables Ethereum block proposers to make credible commitments and plans to use Symbiotic for staking and slashing.

Hyperlane is exploring Symbiotic-powered Insecure Modules (ISMs) for a modular cross-chain interoperability framework.

Kalypso is a ZK proof market that uses Symbiotic restaking to guarantee the validity and timeliness of generated proofs.

Fairblock is exploring dynamic Cryptographic Service Networks (CSNs) secured by re-pledged assets and providing customized services.

Aori plans to integrate Symbiotic re-collateralization with stablecoin assets to ensure the segregation of responsibilities in high-frequency order book protocols.

Drosera is researching the security of Ethereum Layer-2 applications based on re-staking.

Ojo is a cross-chain oracle network that will improve economic security through Symbiotic restaking.

Blockless integrates Symbiotic’s security with its computing infrastructure, giving builders complete autonomy and flexibility.

Rollkit is exploring integrating Symbiotic restaking into its modular stack to support Celestia-based Rollups.

Cycle Network is a unified liquidity network that will use Symbiotic to power its shared sequencer service.

Stork is integrating Symbiotic restaking to enhance the trustlessness of on-chain data utilization.

Aizel is building a verifiable AI Network, studying how to use Symbiotic re-staking to ensure the verifiability of different node roles, from reasoning to execution.

Mind Network will utilize Symbiotic’s universal re-staking service, combined with FHE technology, to improve the economic and consensus security of decentralized networks.

DOPP is building a fully on-chain options protocol and is investigating how to leverage Symbiotic restaking to help decentralize its oracle network to provide a data feed for specific options prices.

Our goal is to make Symbiotic the best home for developers to build sovereign, trust-minimized applications and infrastructure.

Fundraising

To further our mission, we raised $5.8M in seed funding from Paradigm and cyber•Fund, who share our long-term vision for an open, permissionless restaking economy.

We are excited to see and support what will be built on top of the Symbiotic shared safety primitives. If you are interested in collaborating with Symbiotic, please contact us.Related Links)

About mortgageTokenand deposit limits

The Symbiotic protocol is neutral and permissionless.

The goal of early deposits is to sustainably scale the shared security platform. In the early stages, deposits will be made available through the Master Protocol Interface (Related Links) The participating re-pledge assets will be limited in scale and limited to the main token ecosystem to maintain neutrality.

In subsequent stages, new pledge assets will be added based on ecosystem needs.

The article comes from the Internet:Symbiotic: A permissionless re-staking protocol

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