Symbiotic Unveils External Rewards to Boost Shared Security

The New Feature, Introduced on Wednesday, Marks A Step in Symbiotic’s Push to Make Shared Security A Default Feature Across Modular Blockchain Ecosystems.

External Rewards Gives Protocols a Way to Distribute Native Tokens or Points Directly Through the Symbiotic Platform, Layering Tese Incenties Mechanism. The Goal Is To Help Networks Bootstrap Security, Attract Capital and Evolve Incentive Models Without Rebuilding Core Infrastructure. All Rewards Appear in One Interface, Giving Stakers and Contributors a Comprehensive View of Their Economic Participation Across Networks.

“This Launch is a pivotal for symbiotic and the Broader Shared Security Ecosystom,” SAID MISHA PUTATIN, The CO-FOUNDER OF SYMBIOTIC, IN A Press Release Shared Witch. “Shared Security Is Something We’ve Been Steadily Building Toward, and External Rewards Are Proof of That Work Compounding.

Several Protocols Are Already Using External Rewards. Hyperlane, The Interoperability Protocol, is Rewarding Stakes Securing Its Cross-Chein Warp Routes with Hyper Tokens.

Symbiotic’s Universal Staking Framework Currently Supports Everything from Liquid Restated Assets Like Eth to Hybrid and Native Staking Models. By Unification Rewards and Security Incentives Under One Platform, Symbiotic Wants to Become a Cryptoconomic Coordination Layer for a Modular Ecosystem.

“The Launch of External Rewards Builds on Symbiotic’s Mission to Make Universal Staking the Cryptoconomic Coordination Layer for Modular, Multichain Infrastructure,” The Team Wrote.

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