Ethereum liquid staking protocol Puffer Finance raises $18M in Series A
The project’s TVL surpassed $1 billion within one month of its testnet launch.
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.
According to data from DefiLlama, shortly after its early test phase in February, Puffer Finance surpassed a total value locked (TVL) of $1.2 billion. To date, the protocol has raised a total of $23.5 million in venture capital funding.
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