Binance Labs has invested in Puffer, a decentralized liquid restaking protocol combining Ethereum staking with EigenLayer. The funds will support the development of Puffer's open-source technologies, including a Layer 2 (L2). Puffer aims to democratize Ethereum staking by reducing operational risks and costs for validators, promoting decentralization. The project's Secure-Signer tool, backed by an Ethereum Foundation grant, enhances validator efficiency. Puffer plans to run its upcoming L2 as an EigenLayer AVS, fostering network effects and reinforcing Ethereum's decentralization. Binance Labs' support reflects a commitment to nurturing innovative DeFi projects and advancing the decentralized ecosystem.
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