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CryptoIntelligence 2024-06-28 19:35:23

Puffer Finance Partners with Ethereum Foundation to Develop Advanced Rollups, Surpasses $1.7 Billion TVL

Puffer Finance Partners with Ethereum Foundation to Develop Advanced Rollups, Surpasses $1.7 Billion TVL

Puffer Finance, a liquid staking derivatives (LSD) project leveraging Ethereum’s Eigenlayer protocol, is partnering with the Ethereum Foundation to develop based rollups. This collaboration follows Puffer Finance’s successful $18 million Series A funding round aimed at launching its mainnet. Rollups, a key scaling solution, process transactions off-chain and bundle them into a single transaction on the base layer, alleviating the load on layer-1 blockchains. Amir Fourouzani, co-founder of Puffer Finance, explained the current market challenges to Cointelegraph: “Currently, there’s a challenge in the Ethereum ecosystem known as liquidity fragmentation. “This issue arises from the fact that current L2 projects are

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