Crypto Framework Startup Puffer Raised $5.5 M in Seed Round Back by Brevan Howard

Dhruv Lakshya 09-08-2023 09:16:54

The seed round for the liquid staking startup was co-led by Lemniscap and Lightspeed Faction.
Blockchain infrastructure company Puffer Finance raised $5.5 million in a seed funding round co-led by Lemniscap and the joint venture of Lightspeed and Faction. Various other investors consisted of Brevan Howard Digital, the digital asset arm of the global asset supervisor with $30 billion in assets under management.

The new capital will help accelerate the development of Puffer's open-source Secure-Signer item as well as go towards the creation of a permissionless betting pool.

Flatterer intends to address the challenges encountered by solo validators in Etehreum's proof-of-stake network. Flatterer is additionally functioning on a procedure to reduce the obstacles of entrance for at-home stakers as a sensible option to centralized liquid laying carriers.

The funding round additionally included Bankless Ventures, Animoca Ventures, DACM, LBK, SNZ and Canonical Crypto. Puffer formerly got backing from The Ethereum Structure with a $120,000 give, as well as a $650,000 pre-seed round led by Jump Crypto.

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Dhruv Lakshya

Dhruv Lakshya is an investor and writer who is passionate about digital assets and the future of finance. He has a background in engineering and business, and he has been investing in crypto since 2017. He has written for various platforms, sharing his insights and analysis on the crypto market, trends, and opportunities. He is also an active member of the Indian crypto community, participating in events, meetups, and online forums. He believes that crypto can empower people and create positive social impact. He likes to play chess, read books, and meditate.