Symbiotic, a universal competition protocol and self-layer competitor, have introduced external rewards, a feature designed to allow networks to offer their own token-based incentives to stakes and node operators.
The new feature that was introduced on Wednesday marks a step in Symbiotic’s Push to make shared security a standard feature across modular blockchain ecosystems.
External rewards give protocols a way of distributing native tokens or points directly through the symbiotic platform, putting these incentives together with symbiotic points – the economic coordination mechanism of the protocol. The goal is to help Networks Bootstrap Security, attract capital and develop incentive models without rebuilding core infrastructure. All rewards appear in an interface, giving stakes and contributors a comprehensive overview of their financial participation across networks.
“This launch is a central moment of symbiotic and the wider shared security ecosystem,” said Misha Putiatin, co -founder of Symbiotic, in a press release shared with Coindesk. “Shared security is something we have built steadily, and external rewards are proof that the work that is composed. Every new primitive or function we send strengthens the basis for others to build on.”
Several protocols are already using external rewards. Hyperlane, the interoperability protocol, rewards stakes to secure its transverse chain vacations with $ hyper-tokens.
Symbiotic’s Universal Staking Framework is currently supporting everything from liquid residual assets like ETH to hybrid and native stack models. By combining rewards and security incentives under a platform, Symbiotic wants to become a crypto -economic coordination layer of a modular ecosystem.
“The launch of external rewards is based on Symbiotic’s mission to make Universal Stitching the crypto -economic coordination layer for modular, multichain infrastructure,” the team wrote in a press release.
Read more: Symbiotic launches ‘Relay’ to bring secure efforts across chains
