The 1st fifty percent of 2024 has observed the rise of restaking - protocols that enable staked property like stETH, wETH, osETH plus much more to get recursively staked to gain compounding rewards.
We're excited to view and help what will be built along with Symbiotic’s shared stabilit
The protocol opened for deposits on June 11th, and it had been fulfilled with Considerably fanfare and desire: in a mere 5 hours of going Reside, a whopping 41,000 staked wETH had previously been deposited in to the protocol - smashing throughout the Preliminary cap!
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