Puffer, a liquidity re-pledge protocol, has completed a $18 million Series A financing round, led by Brevan Howard Digital and Electric Capital.

On April 16, CoinDesk reported that Puffer, a liquidity re-pledge protocol, announced the successful completion of a $18 million Series A financing round. This round of financing was led by Brevan Howard Digital and Electric Capital, while Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR also participated in the investment. This new round of funds will be used to launch Puffer's mainnet. Previously, Puffer raised $5.5 million in a round of financing led by Lemniscap and Lightspeed Faction.

It is reported that Puffer is the second largest liquidity re-pledge protocol after Ether.Fi. The protocol works by taking deposits and placing them in EigenLayer, allowing Ethereum stakers to earn returns by using their ETH tokens to help secure third-party platforms called Active Validation Services (AVS). Puffer itself is an AVS on EigenLayer. Puffer will then distribute pufETH tokens to users who make deposits on its behalf, enabling them to trade or use them for other purposes. Earlier this year, Puffer was reported to have surpassed $1 billion in deposits. #BTC、 #以太坊再质押 #融资 #puffer