Symbiotic has officially launched its first fully permissionless and modular restaking protocol on the Ethereum mainnet. This launch follows two years of development, five independent audits, and a code competition. The new protocol is notable for being the first feature-complete shared security protocol to implement slashing in a production environment. The launch is seen as a significant milestone in the evolution of restaking, with expectations for new networks to build upon this foundation in the coming months. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io