Symbiotic is a permissionless restaking protocol designed to enhance the security and decentralization of various blockchain networks. By allowing users to restake their assets, Symbiotic enables a shared security model that supports the development of robust, fully sovereign ecosystems. It leverages an extendable collateral base, maximizing capital efficiency and offering scalable solutions for economic security. Symbiotic integrates seamlessly with both existing and new network architectures, providing flexible and customizable security agreements for decentralized applications (dApps), rollups, bridges, and more

Restaking, especially via Symbiotic, involves using staked Ethereum (ETH) across multiple DeFi protocols. This enhances both security and yield potential. Unlike traditional staking that secures one network, Symbiotic restaking leverages your staked ETH to protect various platforms simultaneously. This strategy maximizes returns and bolsters Ethereum’s overall network security. By engaging in Symbiotic restaking, users can diversify their staking efforts, earn higher rewards, and contribute to a more resilient blockchain infrastructure.

What is SYMB?

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