🚀Puffer Finance, an LSD project leveraging Ethereum’s Eigenlayer protocol, is teaming up with the Ethereum Foundation to develop based rollups. This comes after Puffer's successful $18M Series A funding round. Rollups, the blockchain's superhero, swoop in to process transactions off-chain, easing the burden on layer-1 blockchains.🦸‍♂️

🧩The Ethereum ecosystem is currently playing a game of liquidity Tetris, with L2 projects creating isolated liquidity pools. Puffer Finance aims to solve this puzzle with based-sequencing and based rollups, ensuring interoperability between chains. They've developed a method for organizing pre-confirmations on Ethereum layers while maintaining decentralized validators.🔗

🔮The future of DeFi? Every company having its own AppChain. Imagine Aave and Uniswap not having to go through any governance token or process. Puffer's co-founder sees the appeal of native yields in an interoperable app chain ecosystem. Users would rather have their tokens generating yield with no effort in their wallets.💰

💪Puffer Finance has surpassed a TVL of $1.7B after its early test phase in February. The protocol has raised a total of $23.5M in venture capital funding. Its LSD technology allows Ethereum validators to reduce their capital requirement to just 1 Ether. Users staking Ether through Puffer receive Puffer liquid restaking tokens (nLRTs), farming yields in other DeFi protocols while earning Ethereum staking rewards.🌾

What do you think about this? Share your thoughts in the comments!👇 #DeFi #Web3 #Ethereum