Symbiotic: Scaling Shared Security Through Restaking - Misha Putiatin
Bootstrapping and maintaining a validator set can be a challenging endeavour, especially for projects that are in search of a product market fit. However, this does not mean one should abandon the ethos of decentralisation in favour of a more streamlined centralised approach. The notion of shared security had been previously explored in the Cosmos ecosystem, but Symbiotic takes it a step further, making it readily available for any project, regardless of its native blockchain, through restaking. Symbiotic is a modular coordination layer that sources node operators and economic security in a maximally capital-efficient manner.Topics covered in this episode:Misha’s backgroundSymbiotic’s origin storyHow Symbiotic tackles decentralisationThe role of restaking in proof-of-stake modelsThe economics of restakingThe architecture of SymbioticLiquid restaking tokens (LRT)Expanding restaking beyond EthereumSlashingSymbiotic smart contract immutability and future updatesEcosystem developmentEpisode links:Misha Putiatin on TwitterSymbiotic on TwitterSponsors:Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.ioChorus One: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.oneThis episode is hosted by Brian Fabian Crain.