Puffer Finance raised $18M in a Series A funding round

April 16, 2024

Ethereum liquid restaking protocol Puffer Finance raised $18M in a Series A funding round led by Brevan Howard Digital, Electric Capital, with participation from Coinbase Ventures, Kraken Ventures, Franklin Templeton, Fidelity Management and Research Company, Mechanism Capital, Lightspeed Faction, ConsenSys, Animoca Brands, GSR Markets LTD, Lemniscap, Sandeep Nailwal, Yaoqi Jia.

Puffer Finance is a decentralized protocol that enables anti-slashing and at-home staking on Ethereum by utilizing a low bond requirement and introducing Secure-Signer, a remote-signing tool that prevents slashable offenses. Puffer aims to diversify the validator set and reduce centralization in Ethereum\’s proof-of-stake network while addressing the challenges faced by solo validators. It provides a permissionless staking pool and tools to enhance the safety and viability of at-home staking.

All funding rounds, links and details you can find on the project page Puffer Finance