Puffer
5,250 views
11 Posts
Hot
Latest
Puffer Finance is teaming up with the Ethereum Foundation. Their goal? Develop Rollups - a way to scale Ethereum by processing transactions off-chain, lightening the load on the main network.
#EigenLayer #pufferfinance $ETH #Rollups #Puffer #Megadrop
#EigenLayer #pufferfinance $ETH #Rollups #Puffer #Megadrop
🔥💥Binance Labs invested in Puffer!
Binance Labs, the investment arm of the Binance exchange, has invested in the protocol Puffer, which combines Ethereum liquid staking and "re-staking" transactions on EigenLayer.Dec. After that, BNB Chain users will be able to lock in Puffer's own liquid re-stake token, the NLRT, and earn returns.
Binance Labs' latest investment is decentralized and 3. it happened to Puffer, which is a “liquid re-staking” protocol that does not require party permission. The investment is in Puffer's open source technologies and in 2. layer networks will also be used in their development.
However, Puffer also opened the NLRT, a liquid re-stake token, to BNB Chain users. Users will be able to earn returns through the Ethereum proof-of-stake system and “re-staking”.
As it is known, individual Ethereum validators are usually able to make transactions at high costs. This results in the control and centralization effect of corporate accounts. Puffer aims to make Ethereum staking more fair by reducing the risks and costs in this regard.
Yi He, one of the founders of Binance and chairman of the board of directors of Binance Labs, said about the investment, “Binance Labs always continues to support innovative DeFi projects in their early stages. We see these projects as long-term,”he said.
#binance #Puffer #BNB
Binance Labs, the investment arm of the Binance exchange, has invested in the protocol Puffer, which combines Ethereum liquid staking and "re-staking" transactions on EigenLayer.Dec. After that, BNB Chain users will be able to lock in Puffer's own liquid re-stake token, the NLRT, and earn returns.
Binance Labs' latest investment is decentralized and 3. it happened to Puffer, which is a “liquid re-staking” protocol that does not require party permission. The investment is in Puffer's open source technologies and in 2. layer networks will also be used in their development.
However, Puffer also opened the NLRT, a liquid re-stake token, to BNB Chain users. Users will be able to earn returns through the Ethereum proof-of-stake system and “re-staking”.
As it is known, individual Ethereum validators are usually able to make transactions at high costs. This results in the control and centralization effect of corporate accounts. Puffer aims to make Ethereum staking more fair by reducing the risks and costs in this regard.
Yi He, one of the founders of Binance and chairman of the board of directors of Binance Labs, said about the investment, “Binance Labs always continues to support innovative DeFi projects in their early stages. We see these projects as long-term,”he said.
#binance #Puffer #BNB
Puffer Finance launches Public Testnet and introduces a validator ticket solution.
#Puffer an #Ethereum liquid restaking protocol built on EigenLayer launches Public Testnet and introduces a validator ticket solution. The platform integrates secure-signer technology, enabling users to engage in Ethereum verification using only one $ETH.
Furthermore, node operators will have the chance to trial the Validator Ticket solution. These tickets are poised to enhance the efficiency and competitiveness of permissionless Liquid Staking Providers.
👉 twitter.com/puffer_finance/status/1776075916806131986
#Puffer an #Ethereum liquid restaking protocol built on EigenLayer launches Public Testnet and introduces a validator ticket solution. The platform integrates secure-signer technology, enabling users to engage in Ethereum verification using only one $ETH.
Furthermore, node operators will have the chance to trial the Validator Ticket solution. These tickets are poised to enhance the efficiency and competitiveness of permissionless Liquid Staking Providers.
👉 twitter.com/puffer_finance/status/1776075916806131986
Puffer Finance, an Ethereum re-staking protocol, has partnered with Wormhole to enhance its multi-chain interoperability, with further details to be announced soon.
#pufferfinance #Puffer #Wormholecoin #wormhole #BullorBear
#pufferfinance #Puffer #Wormholecoin #wormhole #BullorBear
Puffer Raises $18 Million in Series A Funding Round to Fuel Mainnet Launch
In a significant stride towards enhancing Ethereum's decentralization, Puffer, the pioneering liquid restaking protocol, has successfully secured $18 million in its Series A funding round. The announcement, made by the company on Tuesday, highlights a surge in bullish sentiments surrounding the project's future prospects.
The funding round was spearheaded by prominent investors, Brevan Howard Digital and Electric Capital, and saw participation from industry giants like Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR.
This substantial infusion of capital is earmarked to propel the launch of Puffer's eagerly awaited mainnet. Prior to this milestone, Puffer had raised $5.5 million in a funding round co-led by Lemniscap and Lightspeed Faction, showcasing a sustained investor confidence in the project's vision and potential.
Puffer stands as the second-largest liquid restaking protocol, positioned just behind Ether.Fi. It operates within the burgeoning "restaking" landscape that has been reshaping the Ethereum ecosystem. EigenLayer, another notable player in the restaking arena, has recently garnered attention, amassing a staggering $12.7 billion in user deposits, cementing its status as a major decentralized finance protocol.
Liquid restaking protocols like Puffer function by aggregating user deposits into platforms such as EigenLayer, enabling Ethereum stakers to earn yield by securing third-party services known as "actively validated services" (AVS). Puffer operates as an AVS on EigenLayer, issuing its native token, pufETH, to users in exchange for their deposits, thereby facilitating seamless trading and other utility purposes.
Despite its mainnet launch still pending, Puffer has already amassed over $1 billion in deposits by March, underscoring the burgeoning enthusiasm for restaking initiatives within the Ethereum community.
Amir Amir Forouzani, CEO of Puffer Finance, expressed his optimism regarding the impending mainnet launch, emphasizing the project's commitment to democratizing participation for home validators while delivering cutting-edge liquid restaking solutions. Forouzani remarked, "This is a major step forward for Ethereum’s decentralization and the wider restaking ecosystem."
The successful Series A funding round not only underscores investor confidence in Puffer's mission but also signals a bullish outlook for the future of liquid restaking protocols within the Ethereum ecosystem. As Puffer gears up for its mainnet debut, anticipation mounts for the transformative impact it could wield in advancing Ethereum's decentralization narrative.
#Puffer #pufferfinance #fundinground
The funding round was spearheaded by prominent investors, Brevan Howard Digital and Electric Capital, and saw participation from industry giants like Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR.
This substantial infusion of capital is earmarked to propel the launch of Puffer's eagerly awaited mainnet. Prior to this milestone, Puffer had raised $5.5 million in a funding round co-led by Lemniscap and Lightspeed Faction, showcasing a sustained investor confidence in the project's vision and potential.
Puffer stands as the second-largest liquid restaking protocol, positioned just behind Ether.Fi. It operates within the burgeoning "restaking" landscape that has been reshaping the Ethereum ecosystem. EigenLayer, another notable player in the restaking arena, has recently garnered attention, amassing a staggering $12.7 billion in user deposits, cementing its status as a major decentralized finance protocol.
Liquid restaking protocols like Puffer function by aggregating user deposits into platforms such as EigenLayer, enabling Ethereum stakers to earn yield by securing third-party services known as "actively validated services" (AVS). Puffer operates as an AVS on EigenLayer, issuing its native token, pufETH, to users in exchange for their deposits, thereby facilitating seamless trading and other utility purposes.
Despite its mainnet launch still pending, Puffer has already amassed over $1 billion in deposits by March, underscoring the burgeoning enthusiasm for restaking initiatives within the Ethereum community.
Amir Amir Forouzani, CEO of Puffer Finance, expressed his optimism regarding the impending mainnet launch, emphasizing the project's commitment to democratizing participation for home validators while delivering cutting-edge liquid restaking solutions. Forouzani remarked, "This is a major step forward for Ethereum’s decentralization and the wider restaking ecosystem."
The successful Series A funding round not only underscores investor confidence in Puffer's mission but also signals a bullish outlook for the future of liquid restaking protocols within the Ethereum ecosystem. As Puffer gears up for its mainnet debut, anticipation mounts for the transformative impact it could wield in advancing Ethereum's decentralization narrative.
#Puffer #pufferfinance #fundinground
📊 In just under a month, the TVL in Puffer Finance has reached $850 million.
🐡 #PufferFinance lets users deposit $ETH and receive a liquid staking token that earns yield from #ethstaking and restaking 👀
#pufferfinance #Puffer
🐡 #PufferFinance lets users deposit $ETH and receive a liquid staking token that earns yield from #ethstaking and restaking 👀
#pufferfinance #Puffer
Ethereum restaking protocol Puffer Finance secures $18M in Series A funding round. Led by Brevan Howard.
#pufferfinance #Puffer #etf #BullorBear
#pufferfinance #Puffer #etf #BullorBear
🐡 @Puffer Finance breaks the $1B market in TVL, registering $1.219B as of March 1.
The #restaking protocol was only launched one month ago and has already registered massive inflows 🚀
One factor contributing to increased adoption is #Puffer Finance's anti-slashing tool.
➜ This feature is designed to help validators minimize the risk of slashing while optimizing capital efficiency 👀
#pufferfinance #cryptonews
The #restaking protocol was only launched one month ago and has already registered massive inflows 🚀
One factor contributing to increased adoption is #Puffer Finance's anti-slashing tool.
➜ This feature is designed to help validators minimize the risk of slashing while optimizing capital efficiency 👀
#pufferfinance #cryptonews
Puffer's Public Testnet is now LIVE.
Puffer Finance is a decentralized protocol that focuses on Ethereum’s liquid staking. It allows users to stake Ethereum (ETH) and receive pufETH, which is a liquid restaking token.
#pufferfinance #Puffer #BullorBear #ethereum #pufETH
Puffer Finance is a decentralized protocol that focuses on Ethereum’s liquid staking. It allows users to stake Ethereum (ETH) and receive pufETH, which is a liquid restaking token.
#pufferfinance #Puffer #BullorBear #ethereum #pufETH
#Binance Labs invests in #Puffer to support Decentralized Liquid Restaking.
#BinanceLabs invests in Puffer Finance, an #Ethereum-based liquid restaking protocol built on EigenLayer. Binance Labs has not disclosed the investment amount, but it states that Puffer will use the funds to develop its #Layer2 network, operating as an EigenLayer Actively Validated Service.
Furthermore, the funds will facilitate the introduction of Puffer's native liquid restaking token, pufETH, to BNB Chain users, allowing them to earn staking and restaking rewards.
👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-puffer-to-support--the-next-generation-of-decentralized-liquid-restaking-5382326849903026647
#BinanceLabs invests in Puffer Finance, an #Ethereum-based liquid restaking protocol built on EigenLayer. Binance Labs has not disclosed the investment amount, but it states that Puffer will use the funds to develop its #Layer2 network, operating as an EigenLayer Actively Validated Service.
Furthermore, the funds will facilitate the introduction of Puffer's native liquid restaking token, pufETH, to BNB Chain users, allowing them to earn staking and restaking rewards.
👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-puffer-to-support--the-next-generation-of-decentralized-liquid-restaking-5382326849903026647
Exciting news for the Puffer mainnet! The number of validators is approaching 1,000, currently standing at 998. This surge in participation reflects a growing interest and commitment to maintaining the network's security and integrity. While the increasing validator count is promising, success also depends on the quality of validators, decentralization, and a robust user base. Stay tuned for more updates on Puffer's growth!
#mainnet #Puffer
#mainnet #Puffer
