While the popularity of cryptocurrencies is increasing day by day, many projects and platforms continue to collect million-dollar funds.
In this context, the Ethereum (ETH)-based liquid repurchase protocol Puffer Finance raised $18 million in the Series A financing round and reached a valuation of $200 million.
Prominent names such as Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR participated in the investment round co-led by Brevan Howard Digital and Electric Capital.
It was stated that in addition to corporate companies, names such as Polygon co-founder Sandeep Nailwal, Wormhole co-founder Anthony Ramirez, AltLayer co-founder Yaoqi Jia and Pendle Finance's main participant Anton Buenavista also participated in the investment tour.
In the statement, it was stated that the funds collected will be used to launch the Puffer mainnet.
“With our upcoming mainnet launch, we aim to significantly lower the barriers to participation for validators while delivering the most advanced liquid repurchase protocol. This is a major step forward for Ethereum's decentralization and the broader repurchase ecosystem,” Amir Amir Forouzani, CEO of Puffer Finance, said in a statement. my name.” said.
*This is not investment advice.