Symbiotic Secures $29M to Fuel Universal Staking Platform

Cryptocurrency staking protocol Symbiotic has raised $29 million in Series A funding, led by prominent Web3 investors like Pantera Capital and Coinbase Ventures. This investment will support the launch of their Universal Staking Framework, a new economic coordination layer designed to enhance blockchain security through staking mechanisms. 100+ angel investors have joined the round, with participation from industry leaders like Aave, Polygon, and StarkWare. The funding marks a significant milestone for Symbiotic, enabling them to further develop and deploy their framework across multiple blockchains.