Puffer Finance, a liquid staking derivatives project built on Ethereum restaking protocol Eigenlayer, will partner with the Ethereum Foundation to jointly develop base rollups after previously securing an $18 million Series A funding round toRollups are scaling solutions that reduce the burden of layer-one blockchains by processing transactions off-chain and then bundling one finalized transaction to the base layer.
"To address this, the industry needs solutions like base-sequencing and base rollups to ensure interoperability and communication between these chains," said Fourouzani, who claims that Puffer Finance had found a way to organize pre-confirmations on Ethereum layers while keeping validators decentralized and in the absence of a need for an overall Ethereum Improvement Proposal .
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum governance, and the downfall of celeb tokens: Finance RedefinedEthereum’s governance concerns, the decline of celebrity tokens trends, and Arthur Hayes unstakes his Pendle tokens. All this and more in this week’s DeFi newsletter!
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »