About Symbiotic

Symbiotic is a restaking protocol backed by Paradigm. It is gaining attention as a competitor to EigenLayer. You can restake LSTs such as wstETH, cbETH, and wBETH.

The reasons why Symbiotic is considered a competitor to EigenLayer are as follows:

  1. Paradigm offered to invest in EigenLayer.
  2. EigenLayer declined the offer and chose a16z instead (a16z led a $100 million Series B round).
  3. EigenLayer TVL grew to become the second largest among all DeFi protocols, marking a major success.
  4. Paradigm, in response, invested in Symbiotic, positioning it as a competitor to EigenLayer.

Symbiotic fundraising

Symbiotic Airdrop Guide

  1. Connect your wallet to Symbiotic
  2. Restake LSTs
  3. Check points on dashboard

Symbiotic Restake