Lido's wstETH Dominates Symbiotic's TVL and Shows Strong Growth Across L2s

A new Bitcoin-backed stablecoin USBD is emerging, applying the same principle wealthy individuals like Elon Musk and Jeff Bezos use when borrowing against their assets. Instead of selling BTC, holders can mint USBD by using their Bitcoin as collateral. This follows Coinbase's earlier move into Bitcoin-backed loans, where US users (excluding NY) can borrow USDC against their BTC holdings. The service, powered by Morpho Labs on Base, aims to streamline crypto borrowing. - No need to sell Bitcoin to access liquidity - Loans process takes under a minute - Available through Coinbase app - More collateral options planned

Euler Finance has announced a significant update to their routing mechanism. The protocol is implementing changes that will enhance transaction efficiency and reduce gas costs. - New routing algorithm optimizes path selection - Integration with Arrakis Finance expands liquidity options - Implementation scheduled for April 2025 These updates aim to improve capital efficiency while maintaining the protocol's security standards. Users should prepare for the transition by reviewing the updated documentation.

A technical discussion exploring the intersection of restaking and Bitcoin-backed stablecoins is scheduled for April 17, 1:00 PM UTC. The event features two key speakers: - Representatives from BimaBTC discussing USBD development using Bitcoin LSTs - Filipe from Inception LRT sharing insights on restaking technology Join the live conversation on Twitter Spaces to learn about these emerging DeFi innovations. [Join the Discussion](https://x.com/i/spaces/1mrxmPbbaqVJy)

Shared security is transforming how DeFi protocols secure themselves, moving from isolated models to a networked approach. Key protocols like EigenLayer, Symbiotic, and Babylon are pioneering shared security infrastructures that allow multiple protocols to leverage a common security layer instead of building their own. This improves capital efficiency and enables smaller networks to inherit security from larger ones. However, an aggregation layer is needed to coordinate security resources across different ecosystems efficiently. Inception is building this infrastructure to harmonize economic security across multiple networks and restaking models.

Symbiotic has launched with support from major industry players including MEV Capital, Chorus One, and RockX. These curators are developing specialized security frameworks on the platform. Key Discussion Points: - Future of shared security infrastructure - Curator and LRT (Liquid Restaking Token) roles - Integration possibilities with Ethereum and DeFi Join the technical discussion with Symbiotic and MEV Capital on March 27 at 4:00 PM UTC to explore these developments. [Learn more about curator participation](https://www.inceptionlrt.com/blog/symbiotic-curated-vaults/)