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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
This whole things started in February 1st, 2021 in Myanmar. Myanmar is one of a developing country. The country is just getting the acceleration of developing and people were starting to see the world. At that time, the military took over the power of the country and started ruling by their willingness. As an Indian, I also joined the protests, faced the scariest attack from the police and had to run from their hunting during the protests. Later on, due to the country situation, I lost my job because the company gave favor to the "Burmese" on not firing. Ever since then, I have been trying to get a new job. Months later, the military activated the military service law to join their side in civil war. Since, I am an Indian, they called me several time to immigration center and administration office to give mental torture. Now, I am in a list to serve the military law. Therefore, I had to run away from home. They sealed my home and I lost home too. I tried to work in abroad. However, the military announced another law which doesn't allow people with the type of PJ (Passport Job) to go out of country. Therefore, I can't leave the country. I can't go to abroad with the visit passport (PV) and find a job and work because of the expenses. I am trying the scholarship degree for the further study and do part-time work over there. But I cannot afford the school fees. There is not fully funded scholarship, only partial (20% discount) and it's still a lot of school fees for me. I have begged on every social media platforms to help me. Now, it is the only platform that I can get help from. People advice me, it is the only wallet that I can get fund directly from all over the world because Myanmar has limited a lot of money income from other countries and doesn't let connect. Thank you so much for reading my letter to the end. Please help me if any of you can no matter how small it is. Thank you🙏😢#fundinground #BinanceLaunchpool #FundingRates $BTC
Funding rounds are the number of times a startup goes back to the market to raise more capital. The goal of every round is for founders to trade equity in their business for the capital they can utilize to advance their companies to the next level.
Every round is created to give entrepreneurs the money they need to grow their businesses to the next level or stage. When startups get enough funding, they can release their vision faster and better. In addition, funding helps to develop operations to progress into a better profitable position.🤑🤑
#fundinground #BTC #Blast #Onchain #RichardTeng
Every round is created to give entrepreneurs the money they need to grow their businesses to the next level or stage. When startups get enough funding, they can release their vision faster and better. In addition, funding helps to develop operations to progress into a better profitable position.🤑🤑
#fundinground #BTC #Blast #Onchain #RichardTeng
🚀 Big News Alert 🚀
🤖 Elon Musk's AI Startup X.AI Seeks Massive Funding
📈 X.AI aims to raise between $3-4 billion potentially boosting its valuation to $18 billion
📄 Internal documents sent to investors reveal this ambitious funding round as reported by Bloomberg
🔍 Emails circulating in Silicon Valley VC circles include a detailed 20-page pitch document
💼 Musk's associates are actively discussing participation in the funding round within their networks
🔄 Keep an eye out for updates as the terms and amount of the funding round may change
Exciting times ahead for AI innovation 🌟 #elonMusk #XAIUSDT #fundinground #technews 🤖💰
🤖 Elon Musk's AI Startup X.AI Seeks Massive Funding
📈 X.AI aims to raise between $3-4 billion potentially boosting its valuation to $18 billion
📄 Internal documents sent to investors reveal this ambitious funding round as reported by Bloomberg
🔍 Emails circulating in Silicon Valley VC circles include a detailed 20-page pitch document
💼 Musk's associates are actively discussing participation in the funding round within their networks
🔄 Keep an eye out for updates as the terms and amount of the funding round may change
Exciting times ahead for AI innovation 🌟 #elonMusk #XAIUSDT #fundinground #technews 🤖💰
Five Steps for Grow Your Capital
#capital #TradingExchange #tradingtechnique #account. #fundinground
Start with Realistic Expectations:
Understand that growing a small trading account takes time and patience. Don't expect to double or triple your account overnight. Set achievable goals and focus on consistent, sustainable growth.
Risk Management is Key:
Prioritize risk management to protect your trading capital. Only risk a small percentage of your account balance on each trade (e.g., 1-2%). This helps ensure that a series of losing trades won't wipe out your account.
Focus on High Probability Trades:
Trade setups with a favorable risk-reward ratio and a high probability of success. Look for setups that align with your trading strategy and have clear entry and exit points. Avoid chasing after every opportunity and be selective with your trades.
Trade with a Plan:
Develop a trading plan that outlines your strategy, including entry and exit criteria, risk management rules, and position sizing guidelines. Stick to your plan and avoid making impulsive decisions based on emotions.
Continuous Learning and Improvement:
Invest in your trading education and continuously work on improving your skills. Analyze your trades, identify what works and what doesn't, and adjust your approach accordingly. Stay up-to-date with market developments and be open to trying new strategies or techniques.
More..
@Mr_Master
#capital #TradingExchange #tradingtechnique #account. #fundinground
Start with Realistic Expectations:
Understand that growing a small trading account takes time and patience. Don't expect to double or triple your account overnight. Set achievable goals and focus on consistent, sustainable growth.
Risk Management is Key:
Prioritize risk management to protect your trading capital. Only risk a small percentage of your account balance on each trade (e.g., 1-2%). This helps ensure that a series of losing trades won't wipe out your account.
Focus on High Probability Trades:
Trade setups with a favorable risk-reward ratio and a high probability of success. Look for setups that align with your trading strategy and have clear entry and exit points. Avoid chasing after every opportunity and be selective with your trades.
Trade with a Plan:
Develop a trading plan that outlines your strategy, including entry and exit criteria, risk management rules, and position sizing guidelines. Stick to your plan and avoid making impulsive decisions based on emotions.
Continuous Learning and Improvement:
Invest in your trading education and continuously work on improving your skills. Analyze your trades, identify what works and what doesn't, and adjust your approach accordingly. Stay up-to-date with market developments and be open to trying new strategies or techniques.
More..
@Mr_Master
🚀 **Big News Alert** 🚀
🤖 *Elon Musk's AI Startup X.AI Seeks Massive Funding*
- 📈 X.AI aims to raise between $3-4 billion potentially boosting its valuation to $18 billion
- 📄 Internal documents sent to investors reveal this ambitious funding round as reported by Bloomberg
- 🔍 Emails circulating in Silicon Valley VC circles include a detailed 20-page pitch document
- 💼 Musk's associates are actively discussing participation in the funding round within their networks
🔄 *Keep an eye out for updates as the terms and amount of the funding round may change*
Exciting times ahead for AI innovation 🌟 #elonMusk #XAIUSDT #fundinground #technews 🤖💰
🤖 *Elon Musk's AI Startup X.AI Seeks Massive Funding*
- 📈 X.AI aims to raise between $3-4 billion potentially boosting its valuation to $18 billion
- 📄 Internal documents sent to investors reveal this ambitious funding round as reported by Bloomberg
- 🔍 Emails circulating in Silicon Valley VC circles include a detailed 20-page pitch document
- 💼 Musk's associates are actively discussing participation in the funding round within their networks
🔄 *Keep an eye out for updates as the terms and amount of the funding round may change*
Exciting times ahead for AI innovation 🌟 #elonMusk #XAIUSDT #fundinground #technews 🤖💰