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Puffer Finance - Strategic
Overview
Funding Date
January 30, 2024
Financing amount
--
Valuation
--
Catagory
About Puffer Finance - Strategic
Binance Labs, the venture capital and incubation arm of Binance, has invested in Puffer, a decentralized and permissionless native liquid restaking protocol (nLRP) that combines Ethereum liquid staking with native restaking on EigenLayer. The invested funds will be used to develop Puffer’s open-source technologies, its nLRP, and novel actively validated services (AVSs) built as part of Puffer's verticalized infrastructure including a Layer 2 (L2). Puffer will bring its native liquid restaking token (nLRT) to BNB Chain users so they can earn Ethereum PoS and restaking rewards.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Malta | 2018 | 146 | -- |
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.