Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104132
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.59%
Bitcoin Share
cryptonews 2025-06-03 14:06:33

Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus

Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus

Staking protocol Symbiotic has launched a shared staking dubbed ‘Symbiotic Relay,’ that enables seamless multichain staking and consensus verification. The feature allows developers to leverage staked assets from any integrated blockchain to verify protocol decisions on any other supported chain. According to a press release shared with Cryptonews, Relay unlocks shared staking logic and trustless coordination across blockchain ecosystems, which was previously impossible for developers. “This opens the door for protocols to build bridges, settlement layers, oracles, and rollups without relying on multisigs or proof-of-authority setups, and without sacrificing decentralization,” Symbiotic noted. Staking is Possible Between Entirely Different Networks, Tokens The announcement marks the first time, stake alignment is possible between different networks, tokens, and consensus layers. Additionally, this capability introduces a new paradigm for building truly multichain decentralized applications (dApps), the release explained. Algys Ievlev, co-founder of Symbiotic, emphasized the difficulties in building secure multichain infrastructure, which remained expensive custom work. “Relay solves that,” he noted. It makes verifiable, stake-backed coordination between chains as simple as a plug-in without any trust assumptions or permissioning, enabling secure outcomes across ecosystems.” Besides, for users, the dApps can verify outcomes and process interactions across chains, without trust issues. Symbiotic Relay Enables a Unified Crypto Ecosystem The feature combines the strengths of the largest blockchain ecosystems into a single coordination layer, the release read. Chains including Bitcoin , Ethereum and Solana , which were once siloed, can now be tapped simultaneously. This includes combining Bitcoin’s security, Ethereum’s programmability, and Solana’s speed, all while using staked capital as a shared source of verifiable security. In April, Symbiotic raised a $29 million Series A funding round led by Pantera Capital. The funding saw participation from Coinbase Ventures and more than 100 angel investors across industry-leading teams such as Aave, Polygon, and StarkWare. Symbiotic announced a $29 million fund that would launch the Universal Staking framework, extending blockchain security into broader economic coordination. #Symbiotic #Staking #BlockchainSecurity https://t.co/8lXScjcp88 — Cryptonews.com (@cryptonews) April 23, 2025 Misha Putiatin, co-founder of Symbiotic, told Cryptonews at the TOKEN2049 Dubai exclusive interview that the company is already working with over 40 networks, preparing to launch. “Most protocols want to reward users and create meaningful alignment between users and protocol success,” he told Cryptonews. “But there hasn’t been a flexible, modular system that lets you do that across multiple chains—until now.” The post Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus appeared first on Cryptonews .

Most Read News

Moralis Money
Market Cap
24h Vol
63.59%
Bitcoin Share
395
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.