Symbiotic, a protocol backed by Paradigm, has launched Symbiotic Core V2, shifting from a restaking protocol to infrastructure aimed at the DeFi collateral market. According to ChainCatcher, the upgrade is designed to let multiple application types—including insurance, credit, and real-world assets (RWA)—share a single collateral pool while allowing each vault to set its own risk parameters, asset types, positions, and loss conditions enforced on-chain.

The protocol said idle funds can be automatically routed to lending platforms such as Aave and Morpho to earn base yield, and then called back when needed for obligations.

Symbiotic said its first Core V2-based product, Liquid Lane, is already being used for instant RWA settlement and supports redeeming tokenized assets into stablecoins in advance. It added that Nexus Mutual plans to use Core V2 for reinsurance capacity, while Cap intends to use it to expand institutional credit guarantees.

Symbiotic previously raised about $29 million in a Series A round and $5.8 million in a seed round.