TechFlow reports that liquid staking derivatives protocol Asymmetry has raised $3 million in funding, with participation from Ecco Capital, Republic Capital, GMJP, Ankr, and others.
Asymmetry's main product is the safETH token, which represents a basket of liquid staking derivative tokens, including Lido's wstETH, Rocket Pool's rETH, Frax's frxETH, Stakewise's sETH2, and Ankr's ankrETH.
Garland likened this token to an exchange-traded fund (ETF) for liquid staking tokens. Currently, weights are equally distributed, but according to the project's whitepaper, the final composition may eventually be determined by members of the "Asymmetry DAO" holding the project's ASF token.
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