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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.
Symbiotic developers have announced the launch of a "permissionless flexible restaking protocol." Positioned as a competitor to @eigenlayer, the project has also raised $5.8 million in seed investments from venture firms @paradigm and @cyberFund_. The latter's co-founders,… https://t.co/L2wQAYAXk6
We are excited to join and support @symbioticfi in their work on a permissionless, flexible restaking protocol and are ready to build, support, and integrate it across all our projects and group. https://t.co/TT40Dz8ZrM
Excited to be partnering with @symbioticfi! Today we share our investment in a new flexible and permissionless restaking protocol, Symbiotic. But there's one more reason why I am pumped about today's release, Reth Execution Extensions. https://t.co/EnzUJvF2vn