Symbiotic Introduces Multichain Staking with Relay Feature

Symbiotic, a staking protocol, has introduced a groundbreaking feature called 'Symbiotic Relay.' This innovation enables seamless multichain staking and consensus verification, allowing developers to utilize staked assets from any integrated blockchain to validate protocol decisions on other supported chains. This development marks the first instance where stake alignment is possible between different networks, tokens, and consensus layers, paving the way for the creation of truly multichain decentralized applications (dApps).
The Relay feature unlocks shared staking logic and trustless coordination across various blockchain ecosystems, a capability that was previously unattainable for developers. This advancement eliminates the need for multisignature setups or proof-of-authority configurations, ensuring that decentralization is not compromised. Algys Ievlev, co-founder of Symbiotic, highlighted the challenges in building secure multichain infrastructure, noting that it has traditionally been an expensive and customized process. "Relay solves that," he stated, making verifiable, stake-backed coordination between chains as straightforward as a plug-in, without any trust assumptions or permissioning, thereby enabling secure outcomes across ecosystems.
For users, dApps can now verify outcomes and process interactions across different chains without encountering trust issues. Symbiotic Relay integrates the strengths of major blockchain ecosystems into a single coordination layer, allowing chains like Bitcoin, Ethereum, and Solana to be utilized simultaneously. This integration combines Bitcoin’s security, Ethereum’s programmability, and Solana’s speed, all while leveraging staked capital as a shared source of verifiable security.
In April, Symbiotic secured a $29 million Series A funding round led by Pantera Capital, with participation from Coinbase Ventures and over 100 angel investors from leading teams such as Aave, Polygon, and StarkWare. Misha Putiatin, co-founder of Symbiotic, mentioned that the company is already collaborating with over 40 networks in preparation for the launch. He emphasized that most protocols aim to reward users and create meaningful alignment between users and protocol success, but until now, there hasn't been a flexible, modular system that allows for this across multiple chains.
Ask Aime: Can Symbiotic Relay revolutionize multichain staking and consensus verification in blockchain ecosystems?

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