Symbiotic, a permissionless restaking platform, has formally launched its protocol on the Ethereum mainnet.
The platform introduced the milestone through a blog post on Tuesday, Jan. 28.
By going live on the Ethereum (ETH) mainnet, Symbiotic turns into the primary restaking protocol to “launch a feature-complete shared safety protocol with slashing.”
The protocol’s mainnet launch follows practically two years of rigorous analysis and safety validation, which included 5 unbiased audits. Symbiotic additionally hosted a code competitors, and its deployment on Ethereum introduces the advantages of permissionless shared safety to the ecosystem.
In line with the weblog publish, a number of crypto integrations are leveraging this innovation—from zero-knowledge proof marketplaces to synthetic intelligence methods, cross-chain messaging protocols, and knowledge availability options. These protocols make the most of Symbiotic to fulfill various safety necessities whereas sustaining protocol sovereignty.
Among the tasks leveraging this structure embody Capx, an Ethereum layer 2 for AI brokers, and HyveDA, a decentralized knowledge availability platform.
Different integrations embody the interoperability toolkit Hyperlane, circuit-agnostic ZK proof market Kalypso by Marlin, cross-chain liquidity protocol Symbiosis, and L1 chain Router. General, practically 50 networks, 55 vaults and 78 operators combine with Symbiotic.
Symbiotic unveiled its devnet in August 2024, with this coming simply months after the platform’s stealth launch. The group initially anticipated the mainnet deployment in Q3 2024.
The platform raised $5.8 million in seed funding in June, backed by Paradigm and cyber.Fund, amongst different crypto enterprise capital companies.
