Symbiotic Launches on Ethereum Mainnet with 13 Integrated Networks
Symbiotic has launched on the Ethereum mainnet after two years of development and extensive audits. Key points include:
- First feature-complete shared security protocol with slashing mechanisms.
- Provides a decentralized framework that eliminates single points of failure for networks seeking ecosystem security.
- Immutable and permissionless core contracts prevent governance takeovers and external interventions.
- Offers a neutral coordination framework allowing networks to customize their security models, including collateral selection and operator management.
- Integrates with 13 networks, including Capx, HyveDA, Hyperlane, and iBTC, and cites nearly 50 networks, 78 operators, and 55 vaults already using the protocol.
- Vaults facilitate stake delegation and ensure economic security through configurable accounting and slashing mechanisms.
- Aims to enhance user experience and standardize shared security primitives post-launch.
The protocol is positioned as a foundational layer for networks to achieve self-sovereignty while utilizing robust shared security.