Bankless解读再质押项目Symbiotic

Bankless解读再质押项目Symbiotic

币界网报道:
作者:William M. Peaster,Bankless;编译:白水,

EigenLayer is changing the game in the Ethereum ecosystem by introducing the concept of re-staking. However, it is only a matter of time before challengers rise and attempt to defeat EigenLayer in their own game!

The latest challenger causing a sensation is Symbiotic, a new re-staking protocol that aims to offer more choices to re-stakers besides ETH. In this article, we will take you through the great ideas behind Symbiotic and show you how to make your first deposit.

What is Symbiotic?

Launched in June 2024, Symbiotic is a shared security protocol that allows network builders to create and manage their own staking implementations in a permissionless manner. In other words, Symbiotic allows networks to customize their staking processes, types of collateral, operator selection, rewards, and slashing mechanisms while maintaining security through non-upgradable core contracts on Ethereum.

It is worth noting that Symbiotic is already the second largest re-staking protocol after EigenLayer. However, unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide range of collateral options for greater flexibility.

How does Symbiotic work?

Symbiotic operates by coordinating its five pillars, which are as follows:

Collateral – On-chain assets that provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.

Vaults – These customizable components serve as the delegation and re-staking layer of Symbiotic. They handle deposits, withdrawals, slashing, and reward distribution.

Operators – Entities that run the network infrastructure, such as validators and sorters. Operators can choose to join the network and receive economic support from re-stakers through the vaults.

Resolver – Entities or smart contracts responsible for approving or rejecting slashing penalties incurred by operators. They ensure fair arbitration of penalties.

Network – The protocol that requires decentralized infrastructure to provide services, such as transaction ordering, data consensus, and protocol automation. Symbiotic allows network builders to manage the onboarding, incentivization, and punishment of operators and their delegates.

Why is Symbiotic considered a worthy competitor to EigenLayer?

It makes sense that there won’t be just one winner in the re-staking category. Among the many competitors, Symbiotic currently looks like the most likely protocol to challenge EigenLayer in the coming months.

That being said, if you are optimistic about re-staking in general, Symbiotic is a project worth considering as it is in its early stages, has a promising future, and has great potential for development with ERC-20 support.

Furthermore, the possibility of a Symbiotic airdrop should not be ignored. EigenLayer has EIGEN, and it seems inevitable that they will use a similar system of Symbiotic Points to airdrop native tokens to early users. Stake now, get rewarded later.

Lastly, there are some interesting Symbiotic integrations going live today that offer dual-income opportunities. One of them is Mellow, a liquid re-staking token (LRT) project that offers Mellow Points and Symbiotic Points to users who deposit through their platform.

How to re-stake on Symbiotic?

If you are interested in re-staking on Symbiotic, go to https://app.symbiotic.fi/restake and connect your wallet. Please note that the frontend may not be accessible in some regions due to geographical restrictions.

On the main “Restake” page, you will see a list of vaults available for deposit, as shown in the image below. Note that some vaults, such as Wrapped Lido Staked Ether (wstETH) vault, have currently reached their temporary deposit limit, while others, such as Coinbase Wrapped Staked Ether (cbETH), are still open for deposits.

Assuming you have some cbETH and want to start staking, simply click on the cbETH vault, and it will take you to the following interface:

At this point, you just need to enter the desired deposit amount and complete the subsequent transaction to start re-staking. You can withdraw funds through the same interface or track your deposits and points through the dashboard page as needed.

Note that if you are interested in doubling your points through Mellow re-staking, the deposit process is almost the same. Choose your vault, enter the desired deposit amount, complete the transaction, and the points will flow.

As the re-staking ecosystem evolves, protocols like Symbiotic can significantly impact the management of network security and economic incentives in the entire crypto economy. With its modular design and support for ERC-20 collateral, Symbiotic challenges the existing re-staking paradigm and opens up new avenues for innovation and flexibility.

How will Symbiotic’s approach impact other protocols, and what new opportunities will its features bring? We can only wait and see, but in the meantime, it is a project worth paying attention to and trying out!

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