The re-staking project Symbiotic has completed a $5.8 million seed round of financing, led by Paradigm and Cyber Fund. Symbiotic is a shared security protocol designed to act as a thin coordination layer, enabling network builders to control and adjust their re-staking implementations permissionlessly. Previously, the co-founder of Lido and Paradigm secretly funded Symbiotic to compete in the restaking sector.

Wu learned that the 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 staking implementations in a permissionless manner. Earlier in May, it was reported that the co-founder of Lido and Paradigm were secretly funding a new company, Symbiotic, which will compete in the restaking track.

Symbiotic, a project for re-staking, has completed a $5.8 million seed round of financing, with Paradigm and Cyber Fund leading the investment.