Source: Cointelegraph Original: "{title}"

Cryptocurrency staking protocol Symbiotic has completed a $29 million Series A funding round, led by Web3-focused investment firms, including Pantera Capital and Coinbase Ventures, to support the launch of a new blockchain security economic coordination layer.

According to an announcement shared by Symbiotic with Cointelegraph on April 23, this funding round attracted over 100 angel investors, including major industry players Aave, Polygon, and StarkWare.

The completion of this funding round also marks the official launch of Symbiotic's Universal Staking Framework, which aims to enhance the economic coordination layer of blockchain security through staking mechanisms.

The announcement stated that this new staking layer supports the use of any combination of cryptocurrencies to ensure network security, including monolithic and modular layer 1 and layer 2 blockchains.

Symbiotic co-founder Misha Putiatin told Cointelegraph, "We have created a modular framework that allows protocols to evolve their security models over time while effectively coordinating risks. This enables protocols to seamlessly evolve their security models at every stage of their lifecycle without the need to rebuild infrastructure."

Pantera Capital managing partner Paul Veradittakit stated that this new staking layer is "the next step in blockchain infrastructure" as it unlocks "previously unattainable economic coordination between assets and networks."

He added, "As the number and variety of on-chain assets continue to grow, Symbiotic allows these assets to easily serve as economic security while enabling new use cases in the decentralized finance (DeFi) space."

Blockchain networks looking to enhance security can adopt Symbiotic's decentralized validator network, which provides "programmable security" without the need to modify infrastructure.

According to the company, 14 networks, including Hyperlane, Spark, and Avail, have already adopted this new coordination layer, with an additional 20 networks expected to join.

Putiatin stated that this staking layer allows "any protocol, including layer 1 networks, cross-chain bridges, oracles, and even emerging fields like artificial intelligence or zero-knowledge systems, to configure their own set of validators, incentive mechanisms, and penalty conditions without the need to rebuild core infrastructure."

Cardano founder Charles Hoskinson emphasized during the 2025 Paris Blockchain Week that the crypto industry needs a collaborative economy to address the growing competition from traditional tech companies entering the blockchain space.

Hoskinson noted that the "circular economy" of cryptocurrencies (where the rise of one cryptocurrency is often driven by the outflow of funds from another token) is limiting the industry's growth.

"The current problem in the cryptocurrency space is that token economics and market structure are essentially adversarial. It is a zero-sum game," Hoskinson said. "Instead of choosing confrontation, we need to find token economics and market structures that can achieve cooperative equilibrium."

"This way, we cannot build a global ecosystem or achieve success," he added. "Because the reality is that existing traditional institutions are much larger in scale."

Related: Bitdeer secures $60 million loan to boost ASIC chip production amid record Bitcoin hash rate

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