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Symbiotic: Re-staking project: 41290 wstETH cap reached, more assets will be added in the future

2024-06-12 00:32
Odaily News Symbiotic, a re-staking project, posted on the X platform that 5 hours after going online, Symbiotic has reached the upper limit of 41290 wstETH. Other assets can still be pledged, and the upper limit will increase over time. As the protocol initially expands, it will add more assets. Yesterday, Symbiotic 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 that enables network builders to control and adjust their own re-staking implementation in a permissionless manner.