A Golden Finance report stated that the re-staking project Symbiotic has officially launched and announced the completion of 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-staking implementations in a permissionless manner. Symbiotic's modular design is flexible and supports any token combination as collateral for re-staking, with the logic of penalties and rewards fully configurable.
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A Golden Finance report stated that the re-staking project Symbiotic has officially launched and announced the completion of 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-staking implementations in a permissionless manner. Symbiotic's modular design is flexible and supports any token combination as collateral for re-staking, with the logic of penalties and rewards fully configurable.