The newly launched restaking product has already attracted $25 million in TVL, making Jito the second-largest restaking protocol on Solana.

Quickly becoming a top contender, Symbiotic leverages Lido’s backing to position itself against EigenLayer in the restaking market.

A well-known Ethereum researcher becomes a new advisor to the EigenFoundation despite the possible conflict of interest. He will focus on the topic of a new crypto primitive, restaking, and its risks.

Supported by industry giants, Symbiotic aims to disrupt Eigenlayer's dominance by accepting a wide range of ERC-20 tokens for staking, unlike Eigenlayer’s ETH-only support.

The excitement surrounding the EigenLayer Stakedrop quickly turned to disappointment with the announcement of a minimal 15% token allocation and significant geographical restrictions.

Following Renzo’s tokenomics release, the ezETH price plummeted, causing widespread liquidations among leverage restaking farmers. Although adjustments were made to improve community allocations, many stakeholders continued to express discontent.

The Ethereum restaking protocol has become the second-largest DeFi platform by TVL, while it migrates its operations to mainnet.

As "restaking" trend gains momentum, voices within the community, including Ethereum's co-founder, raise concerns about the potential risks and implications for the network’s security.