Symbiotic to launch mainnet in September, 14 networks including Frax and EtherFi join shared security framework

Symbiotic, a provider of re-staking infrastructure, announced that the first 14 networks have joined its shared security framework ecosystem, including Frax, EtherFi, RedStone, Arrakis, Stride, Capx, Primev, Router, Pragma, Hinkal, Inference Labs, Ditto, RollChains and Leaf. These projects will use Symbiotic's technology to enhance the security and decentralization of their respective fields, covering DeFi, oracles, cross-chain bridging, AI resource matching, MEV optimization, privacy solutions and many other aspects. In addition, Symbiotic plans to launch the mainnet in September, and the addition of this partner shows the market's recognition of its shared security solution. Earlier news, the re-staking agreement Symbiotic completed a $5.8 million seed round of financing, led by Paradigm and Cyber ​​Fund.