Symbiotic has successfully raised $29 million in Series A funding round, with Pantera Capital leading the investment.

BlockBeats News, April 23rd, according to Cointelegraph's report, cryptocurrency equity protocol Symbiotic announced the completion of a $29 million Series A funding round. This round of funding was led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel investors from teams such as Aave, Polygon, and StarkWare.

The conclusion of this funding round also marks the launch of Symbiotic's Universal Staking Framework, which aims to be an economic coordination layer that enhances blockchain security through staking.