TechFlow reports, according to CoinDesk, Konstantin Lomashuk and Vasiliy Shapovalov, co-founders of Lido, are secretly funding a project called Symbiotic—an emerging competitor to EigenLayer—aiming to provide a flexible restaking protocol for decentralized finance.
The project has also received backing from Paradigm, one of Lido’s primary investors, along with other prominent investment firms.
Internal documents from Symbiotic outline detailed mechanisms, including restaking using Lido’s stETH token and other popular assets. Several teams are already in discussions about integrating with the protocol, while related representatives have declined to comment on the matter.
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