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Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

Altszn.com by Altszn.com
May 14, 2024
in Blockchain, Crypto, DeFi, Web3
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Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
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Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVSs,” to collectively secure one another. Users will be able to restake assets that they’ve deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards.



Read More: www.coindesk.com

Tags: BattleCoFounderscompetitorDeFiEigenLayerFormLidolinesparadigmsecretly
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