PANews reported on January 28 that Symbiotic, a provider of re-staking infrastructure, announced that it will launch on the Ethereum mainnet today, becoming the first fully permissionless re-staking protocol running in a production environment.

The protocol allows users to stake any ERC-20 token and implements a slashing mechanism to ensure network security. Several projects have planned to deploy applications based on Symbiotic, including Chainbound and Router.

Earlier news reported that the fully homomorphic encryption network Mind Network completed a US$10 million Pre-A round of financing, with Animoca Brands and others participating in the investment .