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Symbiotic will be launched on the Ethereum Mainnet today, allowing the staking of any ERC-20 Token.
PANews reported on January 28 that stake infrastructure provider Symbiotic announced that it will go live on the Ethereum Mainnet today, becoming the first fully permissionless stake protocol running in a production environment. The protocol allows users to stake any ERC-20 tokens and implements a slashing mechanism to ensure network security. Several projects have planned to deploy applications based on Symbiotic, including Chainbound and Router. Earlier news, the fully homomorphic encryption network Mind Network completed a $10 million Pre-A round of financing, with participation from Animoca Brands, among others.