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Puffer Finance - pre-seed
Overview
Funding Date
June 1, 2022
Financing amount
$0.65M
Valuation
--
Catagory
About Puffer Finance - pre-seed
Puffer previously received backing from The Ethereum Foundation through a $120,000 grant, and a $650,000 pre-seed round led by Jump Crypto.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 83 | -- |
Founders & Team
Amir Forouzani
Company Profile / Project Introduction
Puffer is the trustless liquid staking protocol, specifically designed to address the threats to decentralization posed by existing stake pools on Ethereum. Puffer aims to address the challenges faced by solo validators in Etehreum's proof-of-stake network. Secure-Signer is a remote signing tool that limits access to validator keys to mitigate the risks of being penalized, or slashed, as a result of software bugs or user error. The penalty can be a hefty hit for stakers that don’t have a large amount of ether (ETH). Puffer is also working on a protocol to lower the barriers of entry for at-home stakers as a viable alternative to centralized liquid staking providers.