Puffer Raises $18M to Boost Ethereum Restaking Services
Puffer's $18 million Series A funding heralds the imminent launch of its mainnet, symbolizing progress for Ethereum's restaking ecosystem.
April 16, 2024
Significant Funding for Puffer
Liquid restaking protocol Puffer has secured an $18 million investment in its Series A. Spearheaded by Brevan Howard Digital and Electric Capital, noteworthy participants include Coinbase Ventures and Kraken Ventures. The infusion will propel the launch of Puffer's mainnet.
Puffer's Growing Presence
Already surpassing a $5.5 million funding milestone, Puffer is quickly becoming a leader in the liquid restaking domain, second only to Ether.Fi. The protocol leverages EigenLayer to enable Ethereum stakers to reap yields and bolster actively validated services.
Looking Ahead for Puffer
The anticipation for Puffer has been mounting, showcased by its impressive $1 billion in deposits. CEO Amir Forouzani highlights the mainnet's potential in enhancing Ethereum's decentralization and fortifying the restaking landscape.
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