The first 50 % of 2024 has noticed the increase of restaking - protocols that allow staked assets like stETH, wETH, osETH and much more to get recursively staked to gain compounding rewards.Although Symbiotic does not involve networks to utilize a specific implementation of the NetworkMiddleware, it defines a Core API and supplies open-source SDK m
The protocol opened for deposits on June eleventh, and it absolutely was satisfied with much fanfare and demand: inside a mere 5 hours of going live, a whopping 41,000 staked wETH had currently been deposited in to the protocol - smashing with the initial cap!Ethena's integration with Symbiotic demonstrates how protocols can get pleasure from permi
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