Symbiotic is playing big with its core v2—one set of collateral is used to work multiple jobs at the same time. Institutional capital moving in really needs this kind of efficiency tool.

Crypto news: the restaking protocol Symbiotic has announced the launch of core v2, expanding its shared collateral mechanism to scenarios such as insurance, on-chain credit, and RWA. core v2 allows the same collateral asset to simultaneously support multiple financial obligations, and during idle periods it can be deployed to protocols such as AAVE and Morpho to generate additional yield. Symbiotic said this upgrade is intended to build an on-chain “collateral market,” improve capital efficiency, and drive institutional capital into on-chain finance. Symbiotic previously raised $5.8 million in a seed round in 2024 led by Paradigm and completed a $29 million funding round in 2025 led by Pantera Capital.