📢Odaily Planet Daily News! Puffer Finance announced on the X platform that it has exchanged 10,000 stETH for ETH, which is the first transaction in its protocol to convert stETH (total value of approximately US$1.36 billion) to ETH. 🎉
Puffer Finance said that this move is aimed at improving the centralization of Ethereum staking. It is expected that after the conversion is completed, stETH's dominance in Ethereum staking will drop by 1%. 📉
All redeemed stETH will be used to provide staking support for Puffer Finance's own verification nodes after conversion to ETH. Users, please rest assured that this process does not require any operation from you. 👌
Continue to be optimistic about Bitcoin, let us look forward to more exciting developments in the blockchain industry! 💪