Symbiotic, a re-staking project, completes $5.8 million seed round, led by Paradigm

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Cointime2024/06/11 14:49

By:Cointime

The re-pledge project Symbiotic has officially launched and announced that it has completed a $5.8 million seed round of financing, led by Paradigm and Cyber Fund. Symbiotic is a shared security protocol that acts as a thin coordination layer, allowing network builders to control and adjust their own re-pledge implementation in an unlicensed manner. Symbiotic's modular design is flexible and supports any token combination as collateral for re-pledging, with confiscation and reward logic fully configurable.

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