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Symbiotic launches Core V2, shifts beyond restaking to collateral market platform

Collateral market platform Symbiotic, which has received investment from Paradigm, has launched Core V2. The company said the upgrade formalises a shift from its origins as a restaking protocol to a collateral market. It said DeFi applications such as insurance pools, credit protocols and real-world asset vaults can share a common collateral base. Core V2 also aims to keep capital earning yield when not used as collateral by moving funds into major lending protocols and recalling them when needed.