InceptionLRT Launches on Symbiotic with $35M wstETH Vault
InceptionLRT is thrilled to announce the launch of inwstETHs, our first Liquid Restaking Token (LRT) on Symbiotic. This milestone marks a pivotal step in our mission to create a modular and user-centric restaking infrastructure that bridges innovation, security, and flexibility. With this launch, users can now restake their wrapped staked Ether (wstETH), unlocking a tailored and liquid solution for optimal rewards in decentralized finance (DeFi).
This article explores the significance of our integration with Symbiotic, dives deep into the features of inwstETHs, highlights its DeFi integrations, and provides a UI walkthrough to access this exciting new product.
Symbiotic & Mellow: Building the Foundations of Modular Restaking
What Is Symbiotic?
Symbiotic is a decentralized restaking protocol designed to enable a flexible, modular approach to shared economic security. Unlike rigid one-size-fits-all solutions, Symbiotic introduces a permissionless framework where users can deposit assets into uniquely configured vaults. Each vault is tailored to specific risk profiles, reward mechanisms, and operational parameters, giving users unparalleled autonomy.
Key highlights of Symbiotic include:
- Multi-Asset Support: Beyond native tokens, Symbiotic supports ERC-20s, Liquid Staking Tokens (LSTs), and even LP tokens, expanding restaking opportunities.
- Vault-Based Design: Vaults enable users to select strategies aligned with their goals, whether focused on high rewards, security, or diversification.
- Cross-Chain Interoperability: Symbiotic facilitates asset management across different blockchains, offering flexibility and scalability for modern DeFi users. Symbiotic empowers restakers with greater control, ensuring that restaking is as diverse and customizable as DeFi itself.
What Is Mellow?
Mellow Protocol complements Symbiotic by providing the modular infrastructure needed to create Liquid Restaking Tokens (LRTs). It enables permissionless deployment of vaults, allowing users to benefit from highly liquid assets. Together, Symbiotic and Mellow align in following InceptionLRT’s vision of modular and scalable restaking solutions.
Introducing inwstETHs
With the launch of inwstETHs, wstETH holders can now participate in Symbiotic’s restaking ecosystem while enjoying the benefits of our Liquid Restaking Token (LRT). This solution is specifically designed to increase liquidity, simplify restaking strategies, and maximize reward potential.
How It Works
1. Deposit wstETH: Users deposit their wstETH into the dedicated inwstETHs vault on the InceptionLRT dApp.
2. Receive inwstETHs: Upon deposit, users receive inwstETHs tokens that represent their restaked position in addition to its restaking rewards. These tokens are fully tradable, providing liquidity and flexibility.
3. Earn Rewards: By holding inwstETHs, users gain access to rewards from both the restaking vault and the underlying staked asset.
Why Choose inwstETHs?
1. Multi-Curated Solution
inwstETHs is a Multi-Curated LRT, designed collaboratively by MEV Capital, Infra Singularity, Re7 Labs, P2P, InfStones, and Chorus One. This ensures the product leverages expertise from four leading industry curators for optimal strategies.
Inceptions Multi-Curated Architecture
What is a Multi-Curated LRT?
The multi-curators approach, a key feature of InceptionLRT, ensures efficient and fair economic security distribution across various Node Operators and Validation Services.
Learn more about Multi-Curated LRTs in our blog here.
2. Optimal Reward Exposure:
Unlock three layers of earning potential:
- Staking Rewards: Retain rewards from the underlying wstETH.
- Restaking Vault Rewards: Earn additional returns through Symbiotic’s ecosystem.
- DeFi Rewards: Boost yields through inwstETHs DeFi integrations.
3. Instant Liquidity
With Flash Unstake, you can withdraw your assets instantly—no unbinding delays—offering unmatched flexibility compared to traditional protocols.
4. Ecosystem Rewards:
Gain points and benefits across a variety of ecosystems, including:
- 2x Totems (InceptionLRT)
- 1x Symbiotic Points (Symbiotic Protocol)
- 1x Mellow Points (Mellow Protocol)
- 1x Mind Networks Points (Mind Network)
- 1x Turtle InceptionLRT Points (Turtle Club)
inwstETHs combines liquidity, ecosystem engagement, diverse rewards, and the strength of multi- curated expertise to maximize your asset’s utility across DeFi.
DeFi Integrations for inwstETHs
To further bolster the utility of inwstETHs, InceptionLRT has integrated with two leading DeFi protocols:
Curve Finance
The inwstETHs/wstETH stable liquidity pool is live on Curve Finance, offering users a reliable avenue for optimal returns. This pairing ensures minimal impermanent loss, providing stability and efficiency for liquidity providers. Key benefits include:
- Earn Trading Fees: Receive a share of fees generated from trades within the pool.
- Concentrated Liquidity Model: Optimize returns with low-slippage swaps and high capital efficiency.
- Additional Rewards: Participate in Curve’s incentive programs for extra yield. Access the inwstETHs/wstETH pool on Curve here
Zircuit Liquidity Hub
Zircuit enables inwstETHs holders to stake their Liquid Restaking Tokens (LRTs) for additional rewards. This integration offers:
- Liquidity Mining: Earn Zircuit rewards by staking inwstETHs directly on the platform.
- Stacked Yields: Combine rewards from Zircuit, the underlying wstETH staking, and restaking vault earnings.
- Boosted Point Accumulation: Through inwstETHs staking on Zircuit, users can accrue:
-> 3x Totems (InceptionLRT)
-> 2x Symbiotic Points (Symbiotic Protocol)
-> 2x Mellow Points (Mellow Protocol)
-> 1x Mind Network Points (Mind Network)
-> 1x Turtle Club Points (Turtle InceptionLRT Points)
With all these integrated point systems, as it stands, inwstETHs is the most rewarding product on Zircuits Liquidty Hub!
Note: These points do not stack with the rewards from the LRT. For example, if you stake inwstETHs on Zircuit, you will earn 3x Totems, not 2x Totems plus an additional 3x Totems. The higher multiplier offsets and replaces the base reward.
- Flexible Asset Management: Stake and manage your inwstETHs without lock-up periods or unbinding delays.
Start Staking inwstETHs on Zircuit here
How to Access inwstETHs on the InceptionLRT dApp
Locating and restaking on our symbiotic vault is pretty straightforward, thanks to the platform's intuitive UI. The vault is prominently featured in the “Restaking” tab on our dApp, where all available Liquid Restaking Tokens (LRTs) are displayed for user exploration.
Below is a snapshot of the interface, highlighting the location of the inwstETHs vault. This ensures users can quickly identify and access the product to begin their restaking journey:
wstETHs Symbiotic Vault on InceptionLRTs dApp (Source)
Explore the inwstETHs vault today and unlock the benefits of this versatile restaking solution directly on the InceptionLRT platform.
Explore inwstETHs on Symbiotic Today!
The launch of inwstETHs on Symbiotic represents a significant step forward in InceptionLRT’s mission to deliver a flexible, secure, and modular restaking platform. With tailored vaults, integrated DeFi opportunities, and a user-centric approach, inwstETHs empowers wstETH holders to take control of their restaking strategies like never before.
We invite you to explore the possibilities with inwstETHs and join us in shaping the future of decentralized finance. Let’s unlock the full potential of restaking together!
