BNB has seen a five-day increase

Such an increase is likely to be due to Binance launching a new Launchpool.

The new Launchpool may be: Puffer. Let's take a look at the project:

1. Project Introduction:

Puffer is a liquidity staking protocol based on EigenLayer

· Section: Restaking

· Ecosystem: ETH

2. Project members:

Jason Vranek: Co-founder and CTO of Puffer Finance. He was previously a research engineer at Chainlink Labs.

Amir Forouzani: Co-founder and CEO of Puffer Finance.

3. Project highlights:

(1) Low threshold validator: Puffer Finance lowers the threshold for Ethereum validators to 1-2 ETH, encouraging more users to participate in staking and promoting the process of decentralization.

(2) Liquidity restaking: The project introduces a liquidity restaking token (pufETH). Users obtain pufETH by staking ETH and increase their income on the DeFi platform. Combining with EigenLayer further increases the income potential.

(3) Security guarantee: Puffer Finance adopts Secure-Signer technology to reduce the risk of capital confiscation, ensure the safety of node operators' funds, and design an anti-confiscation mechanism to protect user assets.

(4) Innovative validator notes: Users need to purchase validator notes based on expected returns, provide discount incentives, and improve node operation efficiency and user participation.

(5) Modular technical architecture: Puffer Finance's modular architecture improves the hardware efficiency of node operators, and combines the EigenLayer re-staking concept to provide users with sustainable returns.

4. Project financing:

Puffer has completed 4 rounds of financing

(1) In June 2022, it completed a $650,000 Pre-seed round of financing;

(2) In August 2023, it completed a $5.5 million seed round;

(3) In January 2024, it completed strategic financing;

(4) In April 2024, it completed a $18 million Series A round.

Major investment institutions include:

Binance Labs, Coinbase Ventures, Animoca Brands, Jump Crypto, etc.

5. Token Economic Model

The total supply of Puffer tokens is 20.02 billion Puffer points. These points are generated based on the user's participation in the Puffer protocol.

Puffer did not announce the specific token distribution, but only mentioned: For every 10k ETH deposited, we will increase the $PUFFER community distribution by 0.1%！