Puffer Finance has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital.
Puffer Finance, an Ethereum liquid restaking protocol built on EigenLayer, has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital.
Angel investors, including Polygon co-founder Sandeep Nailwal, Wormhole co-founder Anthony Ramirez, AltLayer co-founder Yaoqi Jia and Pendle Finance core contributor Anton Buenavista, also joined the round. Puffer's Series A round comes shortly after it raised funds from Binance Labs earlier this year. Last year, the project also raised a $5.5 million seed funding round and a $650,000 pre-seed round initially.The Ethereum restaking vertical has been gaining momentum since the launch of EigenLayer last year. This led to the launch of several EigenLayer-based platforms this year. Puffer Finance is currently the third-largest liquid restaking protocol by total value locked after Ether.
Puffer has previously also received a grant worth $120,000 from the Ethereum Foundation for its open-source tool called Secure-Signer. The tool allows Ethereum validators to reduce the risk of slashing or penalties.
Crypto Ecosystems Crypto Infrastructure Deals Defi Layer 1S Layer 2S And Scaling Startups Venture Capital Breaking Ethereum Protocols Quote Restaking Series A Staking Firms Tokens
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bet $5 on Nuggets vs Mavericks, Get $200 in Bonus Bets if You WinNo FanDuel Promo Code necessary to win an extra $200 in bonus bets today. New FanDuel sign-ups get $200 bonus bets if their first $5 bet wins!
Read more »
bet365 bonus code NYPNEWS is live in NC: $1,000 first bet or $200 sign-up bonusWhether you pre-registered or are new to bet365, you can find the choice between two welcome promos with bet365 NC bonus code NYPNEWS.
Read more »
SOL Crosses $200 as Meme Coin Frenzy Bumps Demand for Solana NetworkShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Solana's $200 Milestone Meets $40 Million Whale ExodusSolana's exhilarating climb past $200 milestone meets stunning $40 million whale exodus
Read more »
Solana Skyrockets Above $200 as Bitcoin Lags Behind (Market Watch)Crypto Blog
Read more »
Standard Chartered Bullish on Bitcoin; SOL Crosses $200 Amid Meme Coin Frenzy'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Standard Chartered raised its year-end forecast for bitcoin's (BTC) price to $150,000 from $100,000. Plus, surge in Solana’s SOL token on the back of the meme coin frenzy. And Kalshi brings betting on crypto to U.S.
Read more »