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Symbiotic raises $29m in Series A funding

Distributed universal staking infrastructure startup raised $29m in Series A funding led by Pantera Capital.

"Rather than focusing solely on shared security, Symbiotic enables any combination of assets to secure any class of network — modular or monolithic, L1 or L2 — while supporting use cases that extend well beyond traditional staking, including insurance and other financial products."

Tags

infrastructure, defi