Paradigm-backed collateral markets platform Symbiotic is continuing to expand beyond its restaking roots with the launch of Symbiotic Core V2 on Wednesday.
"Symbiotic started out and was previously known as a restaking protocol, but Symbiotic Core V2 marks its transition into collateral markets, and it's the upgrade that makes that shift official," a representative told The Block. “Going forward, the protocol is focused on building infrastructure and products for collateral markets."
In other words, instead of every DeFi app, from insurance pools and credit protocols to RWA vaults and otherwise, needing its own isolated pile of locked-up capital, each can now share in a common collateral base.
Symbiotic V2
One of V2’s key unlocks is enabling capital to remain productive when not being used to secure other financial products.
