Symbiotic Staking Protocol Completes $29 Million Series A Financing
According to Cointelegraph, cryptocurrency staking protocol Symbiotic has completed a $29 million Series A financing round, led by Pantera Capital, with participation from over 100 institutions and angel investors, including Aave, Polygon, and StarkWare.
The funds will be used to launch a blockchain security coordination layer called the "Universal Staking Framework." This framework allows any combination of cryptocurrencies (including L1/L2 chain assets) to participate in network validation. It is currently adopted by 14 networks such as Hyperlane and is expected to integrate with 20 other ecosystem projects.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: Hyperliquid and pump.fun become high-income DeFi projects outside of stablecoins
Japanese yen stablecoin issuer JPYC announces joint stablecoin research with South Korean IT giant ITCEN GLOBAL
Bitget launches Christmas season event for new users, offering contract trading trial funds and USDT airdrop
Crypto KOL predicts Lighter valuation: minimum $1.5 billion, $3 to $4.2 billion as the benchmark
