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Symbiotic's most significant use case by end of 2024?
5
Resolution / Starting Odds
Oracle network decentralization (DOPP) • 33%
StakeCapital integration • 33%
Reth Execution Extensions • 34%
Official announcements and reports from Symbiotic and its partners
Story
Symbiotic Launches Flexible Restaking Protocol with $5.8M Funding from Paradigm and CyberFund
Jun 11, 2024, 02:22 PM
Symbiotic has launched a new permissionless and flexible restaking protocol, aimed at providing network builders with maximal flexibility and control. The protocol has raised $5.8 million in seed investments from venture firms Paradigm and CyberFund. Symbiotic is positioned as a competitor to Eigenlayer. Several partnerships have been announced, including with DOPP to decentralize their oracle network, and with StakeCapital to integrate the protocol across their projects. Additionally, the release includes Reth Execution Extensions.
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