Puffer Finance

IEO

Last updated: Oct 17, 2024

Puffer is defining a new industry standard for secure validator operations with the primary objective of preserving decentralization. Puffer is a decentralized native liquid restaking protocol (nLRP) built on Eigenlayer.

Etherium Grant: $120K

Pre-Seed Round: $650K

Binance Labs Funding: $5.5M

Seed Round. Details

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Overview

Project industry	Other
Project launchpad	ByBit Launchpad
Product type	Protocol
Founded	Cayman Islands
Whitepaper	Open

What is Puffer Finance

Puffer's mission is to define a new industry standard for secure validator operations, with the primary objective of preserving the decentralization of Ethereum.

Through our anti-slashing technology, we are reducing the risk of correlated slashing events across Ethereum while simultaneously promoting decentralization by lowering the barrier to entry for at-home validators and allowing for a more diverse node operator set.

However, reducing barriers to entry is one thing, but creating a more profitable platform for validators is crucial and is why Puffer has been pioneering in native restaking. 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.