Golden Finance reported that the re-staking project Symbiotic officially launched and announced the completion of a $5.8 million seed round of financing, with Paradigm and Cyber Fund leading the investment. Symbiotic is a shared security protocol that acts as a thin coordination layer, allowing network builders to control and adjust their re-staking implementation in a permissionless manner. Symbiotic's modular design is flexible, supporting any token combination as collateral for re-staking, with fully configurable slashing and reward logic.
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Golden Finance reported that the re-staking project Symbiotic officially launched and announced the completion of a $5.8 million seed round of financing, with Paradigm and Cyber Fund leading the investment. Symbiotic is a shared security protocol that acts as a thin coordination layer, allowing network builders to control and adjust their re-staking implementation in a permissionless manner. Symbiotic's modular design is flexible, supporting any token combination as collateral for re-staking, with fully configurable slashing and reward logic.