Tech
Lido and Paradigm Cofounders Secretly Back Competitor EigenLayer as DeFi Battlelines Form
Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVS,” to collectively protect each other. Users will be able to do so redo resources they have deposited with other cryptographic protocols to help secure these AVSs – be they rollups, interoperability infrastructures or oracles – in exchange for rewards.