TechFlow reported, according to Cointelegraph, that Puffer Finance, a liquid staking derivative (LSD) project built on the Ethereum restaking protocol Eigenlayer, recently announced a collaboration with the Ethereum Foundation to jointly develop Base Rollups. Base Rollups reduce Layer 1 blockchain congestion by processing transactions off-chain. Puffer Finance's LSD technology enables Ethereum validators to lower their required capital from 32 ETH to just 1 ETH and earn additional yield across other DeFi protocols through non-liquid restaking tokens (nLRT).
Currently, Puffer Finance has surpassed $1.2 billion in total value locked (TVL) and has raised $23.5 million in venture funding. Previous reports indicate the project completed an $18 million Series A round to launch its mainnet.
