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Symbiotic Raises $29M for Universal Staking and Cross-Chain Security Expansion
Symbiotic Raises $29M for Universal Staking and Cross-Chain Security Expansion
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Symbiotic, a universal staking protocol, has secured $29 million in Series A funding led by Pantera Capital. Other investors include Coinbase Ventures and over 100 angel investors from blockchain teams such as Aave, Polygon, and StarkWare. The funds will be used to strengthen Symbiotic’s development team, integrate with various networks, expand staking capabilities, create SDKs, implement enhanced slashing protection, and develop advanced systems for cross-chain assets and risk management algorithms.
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Symbiotic Raises $29M in Series A, Plans Universal Staking Framework
