Bootstrapping security for a new decentralized network is a monumental challenge. Symbiotic Official introduces a highly flexible, composable Symbiotic Restaking Protocol that allows developers to leverage existing crypto-economic security without being restricted to a specific ecosystem.
Core Concept: How Symbiotic Works
Symbiotic's design is permissionless and multi-asset. It's not tied to a single LST or blockchain. Any ERC-20 token can be used as a Symbiotic Collateral Asset. This modularity is its key strength.
The protocol consists of three Symbiotic Core Modules:
Collateral: Manages the deposits and withdrawals of accepted assets.
Vaults: Smart contracts where collateral is locked and delegated to operators.
Operators: Entities that run the infrastructure for third-party networks (AVSs) and receive delegated collateral.
Step 1: For Restakers - Depositing Collateral
Navigate to the Symbiotic app.
Select a whitelisted collateral asset you wish to deposit.
Choose a vault corresponding to the Operator/AVS you want to secure.
Deposit your assets. You are now restaking and will be eligible for Symbiotic Network Rewards.
Step 2: For Developers - Building an AVS
Symbiotic for Developers offers a permissionless framework to tap into this shared security pool.
Define Your Service: Create the off-chain logic for your AVS (e.g., an oracle, consensus mechanism, or bridge).
Set Slashing Logic: Define the on-chain criteria that would lead to collateral being slashed. Symbiotic provides Immutable Slashing Guarantees once set.
Attract Capital: Signal the need for security to the Symbiotic network. Restakers and operators can then choose to secure your AVS, delegating collateral to your network's validators.
This flexible model allows you to define your own security terms without being locked into a predefined ecosystem.
For a deep dive into the SDKs and smart contract architecture, please refer to the https://sites.google.com/koinly-tax-reports.org/symbiotic-network/.
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