Puffer Finance Raises $18 Million in Series A to Launch Ethereum-based Liquid Staking Mainnet

Puffer Finance, a burgeoning liquid staking initiative based on the Ethereum restaking protocol Eigenlayer, has successfully raised $18 million in a Series A funding round. This significant financial injection is aimed at facilitating the launch of its mainnet. The funding round, as announced on April 16, saw participation from a variety of investors including industry heavyweights such as Brevan Howard Digital and Electric Capital, along with contributions from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, and Avon Ventures—a venture capital fund linked to Fidelity Investments’ parent company. Other notable investors included Mechanism, Lightspeed Faction, Consensys, Animoca, GSR, and several angel