Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov funded a restaking startup company to compete with EigenLayer, the second-largest DeFi protocol.
Lido, a liquidity staking protocol on the Ethereum (ETH) blockchain, helped Symbiotic, a restaking startup company. Venture capital (VC) firm Paradigm has joined hands with Lido co-founders to redefine the decentralized finance (DeFi) landscape.
Why are Lido Co-founders and Paradigm Supporting this New Player?
On May 15, a report revealed that Lido co-founders and Paradigm, a research-driven technology investment firm, have invested in Symbiotic.
Wu Blockchain tweeted the secret funding process and Lido’s motive.
According to CoinDesk, Lido co-founders and Paradigm are secretly funding a new company, Symbiotic, that will compete with EigenLayer in the restaking track. Users will be able to deposit any asset based on the ERC-20 token. EigenLayer chose a16z over Paradigm, and Paradigm said…
— Wu Blockchain (@Wu
We współpracy z: https://www.thecoinrepublic.com/2024/05/15/lido-co-founders-funding-eigenlayers-rival-pointing-defi-battle/
