Symbiotic, in collaboration with Lido and Mellow Finance, has launched restaking vaults and liquid restaked tokens (LRTs), filling a $145M ETH cap in 5 hours. The move aims to compete with EigenLayer in the restaking ecosystem.
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Restaking is becoming a frenzy for not only top builders & VCs but also retailers who are looking for yield opportunities. Eigenlayer and Symbiotic lead this category on Ethereum with different approaches. Prepare yourself with insights from a high-quality blog by @DefiIgnas👇 https://t.co/gbZpaC7EH6 https://t.co/wXMJPdzLj1
⚔️ Mellow Finance to Help Lido Hold On to its Place as Largest DeFi Protocol Restaking wars are heating up as @mellowprotocol launch this week is helping the original staking protocol, @LidoFinance, wrestle market share from EigenLayer. Read more: https://t.co/P80jg1I3k8 https://t.co/hRkJ02wH0q
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The Restaking competition is heating up! 🧠 EigenLayer isn’t the only player, and Ethereum isn’t the only arena. If the $EIGEN "stake drop" wasn’t your thing, check out 4 alternative restaking protocols. Overview + How to get started🧵👇 1/19 https://t.co/ercGGfTRJ2
The Restaking Wars: Eigenlayer vs. Symbiotic • Motivations Behind Symbiotic's Launch • What makes Symbiotic Different • What's Mellow LRTs? • Airdrop Farming Playbook Read it here: https://t.co/tPPIpsnFzw
Lido's Symbiotic $145M restaked: going after Eigenlayer crown https://t.co/fIGHjRVoWI
The Daily Modern Market Snapshot: Wed 12 Jun Headlines 👉Lido backed restaking protocol Symbiotic fills $145M ETH cap in 5 hours From @symbioticfi: "After 5 hours, Symbiotic's 41,290 wstETH cap has been reached. Other assets can still be staked, and caps will be increased over… https://t.co/XCdtDKQ4Yw
.@LidoFinance is releasing "restaking vaults" in collaboration with Symbiotic and Mellow Finance. The move comes as restaking platform @EigenLayer has begun to threaten Lido's dominance in Ethereum DeFi. https://t.co/NHywkXAoBc\
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Symbiotic is aggressively building hype with major partnerships at launch, including: - Layerzero - Ethena - Marlin - And most importantly, Lido. On day one, Lido and Mellow Protocol launched liquid restaked tokens (LRTs) on Symbiotic. The Symbiotic wstETH vault cap is already… https://t.co/tQXcn7CFV9
The restaking ecosystem is heating up, excited to see Symbiotic enter the arena 👀 https://t.co/IZr7ScQItm
Introducing advanced DeFi strategies for stETH with Mellow & Symbiotic ✨ https://t.co/dzmYEFY8dM A new initiative to provide stETH holders with access to new DeFi opportunities, including restaking. https://t.co/KRIqIPzvAa
Ojo is happy to announce we are a part of Symbiotic's Launch Partner Cohort! We will be leveraging the restaking protocol to decentralize the network, as well as becoming the premiere oracle for Symbiotic LRTs👇 https://t.co/HphES9owG2