Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The staking protocol Symbiotic has introduced a shared staking feature called ‘Symbiotic Relay,’ which facilitates effortless multichain staking and consensus validation.
This functionality enables developers to utilize staked assets from any connected blockchain to authenticate protocol decisions on any other supported chain.
As stated in a press release distributed to Cryptonews, Relay enables shared staking logic and trustless coordination across blockchain ecosystems, a capability that was previously unattainable for developers.
“This paves the way for protocols to create bridges, settlement layers, oracles, and rollups without depending on multisigs or proof-of-authority configurations, while maintaining decentralization,” Symbiotic remarked.
Staking is Feasible Across Completely Distinct Networks and Tokens
The announcement signifies the first instance where stake alignment is achievable among various networks, tokens, and consensus layers. Furthermore, this functionality introduces a novel framework for constructing genuinely multichain decentralized applications (dApps), as detailed in the release.
Algys Ievlev, co-founder of Symbiotic, highlighted the challenges associated with developing secure multichain infrastructure, which has historically required costly custom solutions.
“Relay addresses that,” he stated. It simplifies verifiable, stake-backed coordination between chains to a plug-in format without any trust prerequisites or permissioning, ensuring secure results across ecosystems.”
Related Posts
Moreover, for users, the dApps can confirm results and manage interactions across chains without trust concerns.
Symbiotic Relay Facilitates a Cohesive Crypto Ecosystem
The feature integrates the advantages of the largest blockchain ecosystems into a unified coordination layer, according to the release.
Chains such as Bitcoin, Ethereum, and Solana, which were previously isolated, can now be accessed concurrently. This includes leveraging Bitcoin’s security, Ethereum’s programmability, and Solana’s speed, all while utilizing staked capital as a common source of verifiable security.
In April, Symbiotic secured a $29 million Series A funding round led by Pantera Capital. The funding attracted participation from Coinbase Ventures and over 100 angel investors from leading teams in the industry, including Aave, Polygon, and StarkWare.
Symbiotic announced a $29 million fund aimed at launching the Universal Staking framework, broadening blockchain security into wider economic coordination.#Symbiotic #Staking #BlockchainSecurityhttps://t.co/8lXScjcp88
— Cryptonews.com (@cryptonews) April 23, 2025
Misha Putiatin, co-founder of Symbiotic, informed Cryptonews during an exclusive interview at TOKEN2049 Dubai that the company is currently collaborating with over 40 networks in preparation for launch.
“Most protocols aim to reward users and establish meaningful alignment between users and protocol success,” he conveyed to Cryptonews. “However, there hasn’t been a flexible, modular system that allows this across multiple chains—until now.”
The post Coinbase-Backed Symbiotic Launches ‘Relay’ for Trustless Multichain Staking and Consensus appeared first on Cryptonews.
