Symbiosis x Symbiotic: A Must Read!

Gm, community! We have some exciting news to share with you today.

Here’s what’s coming:

• Symbiosis Validators will be able to enhance their stakes, earning additional rewards and gaining more influence.

  
  

• The Symbiosis protocol will see improved security, decentralization, and ecosystem growth.

  
  

• A wave of new validators is set to join the network.

How are we making this happen? 

It’s to do with a game-changing partnership with Symbiotic, a leading restaking protocol.

And yes, this is closely tied to upcoming Symbiosis PoS Staking launch – just as you might have guessed!

What Is Symbiotic

Symbiotic is a permissionless restaking protocol. 

Imagine you deposit your money in a bank, receiving a certificate of deposit (CD) that earns interest over time. This CD represents your initial investment and the accruing interest.

Symbiotic allows you to essentially use that ‘CD’ as collateral to secure additional financial opportunities, similar to using it to back a loan or invest in another venture. 

In the blockchain context, this means you can take your staked assets (represented by tokens) and "restake" them across multiple networks or protocols.

How it works:

1. Users deposit various ERC-20 tokens, including staked assets and liquidity positions, into Symbiotic's system.

   
   

2. These deposits are managed in specialized vaults that handle delegation strategies and distribute rewards.

   
   

3. Operators, responsible for running the infrastructure of decentralized networks, receive delegated stakes from these vaults to perform network operations.

   
   

But why is this system of interest to us? 

Shift towards Symbiosis PoS Staking

The introduction of PoS Staking in the Symbiosis protocol has sat on our roadmap for some time now, and it’s almost done. 

As many of you know, this will strengthen the security of the Symbiosis protocol while allowing participants to stake $SIS tokens and earn rewards, all while contributing to the protocol’s overall resilience.

With the integration of Symbiotic, we gain an additional layer of security, increasing the locked collateral and enhancing the network’s robustness. 

As we near the release of PoS Staking, we’re excited to share this update. 

Currently, we’re in the final stages of testing and fine-tuning, with the finish line in sight.

Let’s now explore the specific use case of integrating Symbiotic into Symbiosis.

How This Integration Works

Here’s a diagram that illustrates the integration between the Symbiotic Ecosystem and the Symbiosis Ecosystem.

Let’s break it down with the following ideas: 

1. Symbiosis Validators Join Symbiotic as Operators

   
   

Symbiosis validators have the opportunity to register as operators within the Symbiotic ecosystem. 

This integration allows them to participate in Symbiotic's security protocol, thereby enhancing their role and benefits within both ecosystems.

2. Symbiotic Vault Stakers Support Validators

   
   

Symbiotic Vault Stakers can stake their assets in support of the Symbiosis Validators who have joined as Operators. 

This staking mechanic further increases the reputation of these Validators, provides them with additional rewards, and strengthens their standing within the network.

3. Benefits for Symbiosis 

   
   

Assets staked in Symbiotic remain within the Symbiotic system but indirectly benefit the Symbiosis protocol. 

For example, Symbiosis validators who participate in Symbiotic as Operators will improve their credibility within Symbiosis. Other participants are, therefore, incentivized to collaborate with them. 

Moreover, Symbiotic Vaults, fueled by stakers' contributions, enhance the security, decentralization, and liquidity of the Symbiosis ecosystem. 

This integration creates a feedback loop: as Validators participate in Symbiotic, they strengthen the ecosystem while earning additional rewards and enhancing their status.

What’s Next?

We will soon release a series of detailed materials about this integration, focusing on product features, technical explanations, and user guidance. These resources will help clarify how the integration works and what it means for participants in both ecosystems.

Remember, this marks a leap toward the broader protocol upgrade to Symbiosis v3, which will bring significant improvements to functionality and usability. 

Alongside these updates, we’ll also share more information on the rollout of PoS Staking, including timelines and practical steps for users to get involved.

Stay tuned, folks!

Important Links

• Symbiosis WebApp

• Symbiosis Docs

• Symbiosis Twitter

• Symbiosis Community