According to BlockBeats, Marlin Protocol's ZK proof market, Kalypso, announced a partnership with Symbiotic on June 11. This collaboration aims to secure the decentralized proof network by re-pledging ETH, marking a first in the industry. The partnership is crucial for maintaining the fairness, security, and usability of ZK applications and protocols.
Kalypso and Symbiotic have pioneered a cross-chain re-pledging architecture. Symbiotic uses a period-based model for deposits, withdrawals, and penalties, which will be replicated in Kalypso, with a slight offset to accommodate communication delays. Kalypso can securely obtain pledge information from Symbiotic and return penalty information. In addition to stETH and diversified operator-based access, Symbiotic's flexible design allows POND, Marlin's native protocol token, to be easily re-pledged between Oyster and Kalypso.
Symbiotic is a permissionless protocol that enables the formation of a minimum trust shared security protocol. On June 11, the re-pledging project Symbiotic officially launched and announced that it had completed a seed round of financing of $5.8 million, led by Paradigm and Cyber Fund.