Symbiotic
Staking · Restaking · SYMB
Symbiotic is a permissionless restaking protocol where any ERC-20 (not just ETH) can be used as collateral to secure networks, with modular vaults and operator delegation.
Permissionless, multi-asset shared security.
Total staked
$314.5M
Latest data · 15 min delay
Risks identified
- Collateral
Because Symbiotic accepts any ERC-20 token as collateral, volatile or thinly-traded assets can undermine the value backing security guarantees, and rapid price drops can leave networks under-collateralized relative to the value they are protecting.
- Smart Contract
Security depends on a modular stack of vault, delegation, slashing, rewards, relay, and network contracts. Bugs in these contracts, or in the network-defined middleware/slashing logic, could lead to loss of deposited collateral despite extensive audits.
- Oracle
Slashing and stake accounting can depend on network-defined slash verifiers and off-chain data; a faulty or manipulated slash-verification/oracle input could trigger unjust slashing or fail to slash genuine faults.
- Governance
Risk parameters, allocation limits, accepted collateral, and delegation are set by curators per vault; misconfiguration, malicious curation, or resolver/veto arbitration decisions can expose depositors to losses outside their control.
- Systemic
Reusing the same collateral to secure many networks simultaneously creates correlated exposure: a large slashing event or cascading failure across shared collateral could propagate losses across multiple networks and vaults at once.