Symbiotic
Date | Investors | Amount | Round |
---|---|---|---|
* | $5.8m | Seed | |
Total Funding | AUD9.0m |
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EditSymbiotic.fi operates in the decentralized finance (DeFi) sector, providing a generalized shared security system that allows decentralized networks to enhance their economic security and operational efficiency. The company serves blockchain projects and decentralized networks by offering a protocol that sources node operators and scales economic security through an extendable collateral base and scalable architecture. Symbiotic.fi's business model revolves around providing a minimal coordination layer that can integrate with existing or new network architectures, offering customizable punishment and reward mechanisms without unnecessary governance or permissioning. The company generates revenue by enabling networks to leverage its protocol for sourcing operators and securing their decentralized ecosystems. Symbiotic.fi's market includes blockchain developers, decentralized application (dApp) creators, and other entities within the DeFi space seeking robust security solutions.
Keywords: decentralized finance, shared security, blockchain, node operators, economic security, collateral base, scalable architecture, customizable mechanisms, minimal coordination, DeFi solutions.