đPuffer Finance, an LSD project leveraging Ethereumâs 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.đŠžââïž
đ§©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.đ
đźThe 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.đ°
đȘPuffer 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.đŸ
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