Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital
Summary
Liquid restaking protocol Puffer secured $18 million in Series A funding led by Brevan Howard Digital and Electric Capital, with investments from various firms. The capital will support the launch of Puffer’s mainnet. Puffer is the second-largest liquid restaking protocol and has attracted over $1 billion in deposits before its mainnet launch. The protocol allows Ethereum stakers to earn yield by securing third-party platforms and provides pufETH tokens representing user deposits. CEO Amir Forouzani aims to enhance Ethereum’s decentralization and the restaking ecosystem.
