Puffer Finance, a project centered on liquid staking derivatives (LSD) and built on Ethereum's Eigenlayer protocol, has secured an $18 million Series A funding round. The partnership with the Ethereum Foundation aims to develop based rollups for scalability. Rollups streamline layer-1 blockchain operations by processing transactions offchain and bundling them into a single finalized transaction. Puffer Finance's co-founder, Amir Fourouzani, highlights the need for based-sequencing and rollups to enhance interoperability across chains. The project's innovative LSD technology enables Ethereum validators to stake with just 1 ETH, while also earning Puffer liquid restaking tokens (nLRTs) for additional yields in DeFi protocols. With a TVL of $1.7 billion and $23.5 million in funding, Puffer Finance is making waves in the DeFi space, offering users effortless yield generation and decentralized validation. Read more AI-generated news on: https://app.chaingpt.org/news