According to Odaily, Symbiotic, a re-pledging project, announced that it reached its maximum pledge limit of 41290 wstETH within five hours of going live on platform X. The platform will continue to accept other assets for pledge, and the upper limit will increase over time. As the protocol expands initially, it will add more assets.
In other news, Symbiotic recently completed a seed round of financing, raising $5.8 million. The round was led by Paradigm and Cyber Fund. Symbiotic operates as a shared security protocol, acting as a thin coordination layer. This allows network builders to control and adjust their re-pledging implementations without the need for permission.