Symbiotic is a universal re - staking system that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It will provide a method called Active Validation Service (AVS) for decentralized applications to co - protect each other. Users will be able to re - stake the assets they have deposited in other crypto protocols to help safeguard these AVS (whether they are rollups, interoperability infrastructure, or oracles) in exchange for rewards.

• Misha Putiatin is the co - founder and CEO of Symbiotic, CEO of Statemind, and was previously the CEO of MixBytes. He graduated from the National Research University of Electronic technology.

• Algys Ievlev is the co - founder of Symbiotic, founder of Statemind, and head of audit. He was previously the CTO of MixBytes. He graduated from Bauman Moscow State Technical University.

• pseudo is the head of strategy at Symbiotic. He was previously an investment partner at Variant Fund and also worked at Scroll. After stumbling upon the bitcointalk forum in 2013, he got involved in the crypto field. Frustrated by the premature ossification of Bitcoin, he turned to Ethereum research in 2016. Since then, he has been following scaling research, with a particular focus on zero - knowledge rollups.

• Felix Lutsch is the co - host of the Epicenter podcast and the head of the Symbiotic ecosystem, committed to helping create trusted, neutral institutions and infrastructure supported by crypto - economic protocols. He was previously the chief commercial officer of Chorus One, a validation node operation service provider. He graduated from the University of Tübingen.

On June 11, 2024, Symbiotic completed a $5.8 million seed - round financing, with participation from Paradigm* and cyber Fund*.

• Multi - asset Staking: Symbiotic supports re - staking from multiple networks, including ERC - 20 - compatible assets, LP tokens, and other digital assets.

• Vaults: These are custom - made contracts used to handle the delegation of collateral across networks to operators.

• Operators: These are entities that manage the infrastructure on behalf of the network.

• Resolver: A multi - functional contract responsible for approving or rejecting the slashing penalties incurred by operators on the networks where they provide services.

• Networks: These protocols require a set of validation nodes to provide trusted, minimized services.

Through its flexible, permissionless, and reliable design, Symbiotic offers a new shared - security mechanism for decentralized networks. Its collaborations with Ethena Labs and LayerZero demonstrate its application prospects in cross - chain asset transfers. Moreover, its in - depth cooperation with multiple partners further validates its potential and value in the field of shared security.

The emergence of Symbiotic has brought new vitality and competition to the re - staking market. It will be worth our continuous attention to see how it develops in the future