Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Lido is controlled by the Lido DAO, a consortium of LDO token-holders who vote on protocol strategy and key upgrades.
In liquid restaking,"you have players like Renzo and EtherFi that do it top to bottom, but Mellow brings a permissionless quality to it, which we found quite appealing," said adcv. Mellow curators Steakhouse, P2P Validator, Re7 Labs and MEV Capital are each introducing vaults that accept stETH in tandem with Tuesday's announcement.As Crypto 'Points' Farming Grows, So Does Risk of Vague Promises
On a purely technical level, it makes sense that Mellow would choose Symbiotic to build its permissionless vaults: EigenLayer only accepts certain crypto assets , whereas Symbiotic accepts any kind of crypto asset based on Ethereum's ERC-20 token standard.
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