News Formal

Ethereum liquid staking protocol Puffer Finance raises $18M in Series A

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

The round was led by Brevan Howard Digital and Electric Capital.

Puffer Finance, a liquid staking project built on Ethereum restaking protocol Eigenlayer, has secured $18 million in a Series A funding round to launch its mainnet.

According to the April 16 announcement, the round was led by Brevan Howard Digital and Electric Capital, with key investments from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, GSR and other angel investors.to data from DefiLlama, shortly after its early test phase in February, Puffer Finance surpassed a total value locked of $1.2 billion. To date, the protocol has raised a total of $23.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum liquid restaking protocol Puffer Finance reaches $200 million valuation in new token funding roundPuffer Finance has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ethereum layer 2s to hit $1T market cap by 2030: Van EckEthereum’s layer 2 blockchains are set to capitalize on Ethereum developer’s scalability push.
Source: Cointelegraph - 🏆 562. / 51 Read more »