Symbiotic is a shared security protocol that helps network builders manage and customize their restaking processes. Shared security allows multiple networks to utilize the same set of node operators for enhanced capital efficiency and security, as demonstrated by EigenLayer restaking.
Symbiotic
Infrastructure
Description
Here's how it works:
Restaking Mechanism: Users stake their assets into the Symbiotic protocol. These assets serve as collateral and can be "restaked" across multiple networks. Network Participation: Network builders can tap into the pool of restaked assets for economic security. They define criteria for operators and assets they'll accept. Rewards Distribution: Rewards from participating networks are collected and distributed. Users, operators, and the protocol itself receive shares based on predetermined rules. Cross-Network Operability: Assets staked in Symbiotic can secure multiple networks simultaneously. This multiplies the economic impact of the staked assets.
In summary, Symbiotic offers a modular, secure, and efficient framework for managing restaking processes. Its customizable and risk-minimizing design benefits network builders, ensuring scalable and adaptable economic security.