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Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

The popularity of new blockchain "restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)
Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)