According to ChainCatcher, Puffer Finance, a liquid staking derivatives (LSD) project built on Ethereum's heavy staking protocol Eigenlayer, recently announced that it will work with the Ethereum Foundation to jointly develop Base Rollups. Base Rollups reduces the burden on the first layer of blockchain by processing transactions off-chain. Puffer Finance's LSD technology allows Ethereum validators to reduce the required capital from 32 ETH to 1 ETH and earn income in other DeFi protocols through liquid heavy staking tokens (nLRT).
At present, the total locked value of Puffer Finance has exceeded 1.2 billion US dollars, and it has raised a total of 23.5 million US dollars in venture capital funds. According to previous information, the project has completed an A round of financing of 18 million US dollars to launch the mainnet.