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Crypto staking protocol Symbiotic has announced a $29 million raise in its Series A funding round led by Pantera Capital. Symbiotic, whose permissionless restaking platform went live on Ethereum ( ETH ) in January, announced the milestone on April 23. The funding round also attracted the backing of Coinbase Ventures as well as angel investors, including Aave ( AAVE ), Polygon ( POL ) and StarkWare among others. According to Symbiotic, the raise brings its universal staking framework further into focus. With universal staking, the EigenLayer competitor aims to go beyond traditional restaking by offering a modular framework that supports flexible crypto-economic coordination. Symbiotic will leverage the new funding to accelerate its expansion, with a focus on building its core team, enhancing its software development kits and tooling, and expanding cross-chain integration. The SDKs and tooling will help streamline key integrations across multiple crypto networks. Other upcoming milestones include the implementation of slashing mechanisms and advanced risk modeling. Since its January 2025 launch on the Ethereum mainnet, establishing the first shared security system, Symbiotic has integrated with 14 networks. The protocol says an additional 35 network integrations are currently in various stages of development. “Universal Staking transcends restaking by creating a truly modular framework for all forms of crypto economic coordination. Where restaking connected networks with capital, Universal Staking enables alignment across a protocol’s entire lifecycle – from launch to maturity,” the protocol noted. Some of the leading projects building with Symbiotic include interoperability platform Hyperlane, decentralized finance network Spark, and web3 unification layer Avail. Hyperlane allows stakers to secure validator sets via Symbiotic vaults, while Spark uses Symbiotic technology for customizable security. Router Chain, a VC-backed chain abstraction web3, also taps into Symbiotic for shared security. Ethereum validators can secure the Router protocol through Symbiotic vault, benefiting from restaking. In a recent announcement, the Omni Foundation revealed a $10 million rewards initiative , with first phase of support targeted for SolverNet users with Symbiotic.

Omni Foundation has launched a $10 million incentive program aimed at powering the next adoption of crypto. In an announcement , the Omni Foundation said its $10 million rewards program, which goes live with support for Symbiotic , will power the future of crypto user experience and growth. The Omni Network team is taking this step via SolverNet, its cross-chain applications and user experience solution. The incentive program comes a week after Omni Foundation launched its “Hello, New World” campaign amid its integration with Symbiotic, a restaking protocol currently with over $1 billion in total value locked. Omni will use the campaign to “accelerate adoption of Symbiotic and future applications built on SolverNet,” according to details in a blog post.“ SolverNet was created to make using crypto apps feel effortless — no more bridging, no more delays, no more friction. This incentive program is our way of showing how intuitive the onchain experience can be when complexity disappears,” the Omni Foundation wrote. In this case, Omni plans to reward early users interacting with SolverNet-enabled decentralized applications. The first rewards will be via Symbiotic’s wrapped staked Ethereum (wstETH) vault on testnet. Users can deposit funds into vaults on layer 1 from rollups, all without having to resort to bridging solutions. Omni users can start earning rewards with testnet wstETH from Omni’s Base Sepolia faucet. Per Omni Foundation, the incentive program is open to all users. This includes those who deposit on Symbiotic’s testnet and those who join after SolverNet’s upcoming mainnet launch on Symbiotic. This launch comes a few weeks after Omni Network introduced staking upgrade OMNI, with Omni native staking on the Ethereum Virtual Machine platform. Omni EVM staking allowed all stakers an opportunity to earn rewards as they help secure the network.

Omni Foundation launches $10M rewards program to advance SolverNet-based apps Omni Network $OMNI, an abstraction layer for the Ethereum ecosystem, announced on its official website that the Omni Foundation is launching a $10 million rewards program for early users. This move is

Omni Foundation launches $10M rewards program to advance SolverNet-based apps Omni Network $OMNI, an abstraction layer for the Ethereum ecosystem, announced on its official website that the Omni Foundation is launching a $10 million rewards program for early users. This move is

Omni Network Launches $10 Million User Reward Program