Symbiotic is a permissionless, restaking protocol.
Why We Are Hunting This
The recently launched Lido-partnered and Paradigm-backed EigenLayer competitor boasts a points program to gain traction in the restaking landscape. As with all points campaign, these will most likely be eligible to be exchanged for a token at some point in the future. Further, the market’s reaction to EigenLayer’s token launch sets up a perfect opportunity for competing restaking protocols to launch more attractive campaigns.
Official Links
Tasks & Quests
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Difficulty: Easy | Time: 3 min
- Navigate to Mellow using the CTA link
- Connect your wallet
- Select a vault for depositing
- Choose how much wstETH you want to deposit
- Press “Deposit” and confirm the transaction in your wallet
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Difficulty: Easy | Time: 2 min
- Connect your wallet to ether.fi and switch to Ethereum
- Click “Deposit”
- Select the asset and amount of tokens you want to deposit into the ether.fi vault
- Click “Approve” and approve the token allowance
- Click “Deposit” and sign the transaction
Restake Your LSTs in Symbiotic
Difficulty: Easy | Time: 3 mins
- Navigate to Symbiotic vaults using the CTA link
- Connect your wallet
- Select a vault for depositing
- Choose how much of your LST to deposit
- Press “Deposit” and confirm the transaction in your wallet
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