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