TechFlow reports that Binance has announced Binance Labs has invested in Puffer Finance, an Ethereum liquid staking protocol. Built on EigenLayer, Puffer Finance has received backing from several prominent investors, including Brevan Howard Digital, Jump Crypto, and Lightspeed Faction.
The investment will fund the development of Puffer’s open-source technologies, nLRP, and new Active Validation Services (AVS), which are part of Puffer’s verticalized infrastructure, including Layer 2 (L2). Puffer will bring its native Liquid Restaking Token (nLRT) to BNB Chain users, enabling them to earn Ethereum PoS and restaking rewards.
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