The re-staking project Symbiotic has completed a $5.8 million seed round financing, led by Paradigm and Cyber Fund.

ChainCatcher news, the re-staking project Symbiotic has officially launched and announced that it has completed a $5.8 million seed round financing, led by Paradigm and Cyber Fund.

According to the Web3 asset data platform RootData, Symbiotic is a universal re-staking system that enables decentralized networks to guide powerful, fully sovereign ecosystems. It will provide decentralized applications with a method called Active Validation Service (AVS) to mutually protect each other.