Symbiotic is a permissionless restaking protocol providing shared security infrastructure. You deposit assets into vaults to restake them, securing additional protocols while earning points. Unlike EigenLayer (ETH/LSTs only), Symbiotic will allow any asset as collateral, offering greater flexibility.
Symbiotic offers permissionless, modular design with any-asset collateral (vs EigenLayer's ETH/LST/EIGEN only). Networks have full control over validator opt-in, slashing rules, and reward structures. Symbiotic is backed by Paradigm & Cyber Fund (Lido investors).
Deposit assets into one of eight available vaults at app.symbiotic.fi/restake/. Each vault has limited capacity. Complete Galxe campaigns (130 points in Campaign 6), earn through Ether.fi integration on Ethereum/Arbitrum/Blast, and engage in Discord for community roles.
Airdrop status is 'Potential' - not officially confirmed. Users are accumulating points through restaking and campaigns that may convert to tokens upon launch. No token exists yet. Points farming launched June 2024.
Symbiotic is backed by Paradigm and Cyber Fund, who previously co-invested in Lido together. This institutional backing signals strong confidence in Symbiotic as a flexible EigenLayer alternative in the restaking infrastructure space.
To maximize airdrop allocation:
Symbiotic: Permissionless restaking protocol backed by Paradigm & Cyber Fund. Flexible alternative to EigenLayer. Any asset as collateral. Points farming via vaults. Galxe campaigns.