After two years of development, five independent audits, and a code competition, we're the first to launch a feature-complete shared security protocol with slashing.
Infrastructure has become modular and accessible, but implementing robust security has remained a critical challenge.
This forced networks to either build complex systems from scratch or compromise sovereignty.
We solved this through a neutral coordination framework.
With Symbiotic, networks can define every aspect of their implementation - from collateral assets to operator selection to slashing mechanics - while maintaining complete control.
Non-upgradeable core contracts mean no external dependencies and no single points of failure.
With our mainnet deployment, we have 13 networks already live:
Bitcoin is the gold standard in crypto with tremendous economic security, but it has been historically isolated from the wider interoperability landscape due to its conservative approach to innovation.
Symbiotic’s network-agnostic shared security framework bridges the gap between Bitcoin's robust security and the flexibility needed for modern decentralized applications.
Any builder or network can now test the integration of restaking into their stack with Symbiotic’s feature-complete shared security sandbox environment.
Symbiotic is the first shared security protocol on Ethereum to implement architecture for slashing and rewards - key requirements for unlocking restaking’s full capabilities.
5 independent full-scope audits from industry-leading security firms are currently underway before the immutable mainnet deployment in Q3 2024.
@ethena_labs’s vision showcases how protocols can tailor Symbiotic's flexible shared security layer to their specific needs at any stage of development.
Ethena is leveraging Symbiotic's restaking framework in conjunction with LayerZero's Decentralized Verifier Network (DVN) to secure cross-chain transfers of assets, including $USDe and $sUSDe.
As DeFi continues to mature and decentralize, its mechanisms are becoming increasingly complex. We envision a future where DeFi ecosystems consist of numerous interconnected and supporting services, both onchain and offchain.
In addition to our launch, we're excited to announce our $5.8M seed, co-led by @paradigm and @cyberFund_, two deeply crypto-native funds that share our belief in the power of permissionless shared security.