LSD Protocol Puffer Finance Completes $5.5 Million Seed Round Financing Led by Lemniscap and Lightspeed Faction

Odaily Planet Daily News LSD protocol Puffer Finance announced the completion of $5.5 million seed round financing, led by Lemniscap and Lightspeed Faction, participating institutions include Brevan Howard Digital, Bankless Ventures, Animoca Ventures, Kucoin Ventures, DACM, LBK, SNZ, Canonical Crypto As well as community funds 33DAO, WAGMI33 and Concave, angel investors include Anand Iyer (Lightspeed partner), Sreeram Kannan (Eigen Layer founder), Frederick Allen (Coinbase pledge business director), Shenyu (F2pool and Cobo joint creation), Mr. Block (Curve core contributor), Ramble (President of the North American Blockchain Association), Calvin Liu (Eigen Layer Chief Strategy Officer), Richard Malone (Obol Chief Business Officer), and Ladislaus von Daniels (Staking Community Leader). It is reported that the new financing will be used to further develop Puffer Finance's open source project "Secure-Signer", which aims to prevent validators from being fined during the verification process. The project has been funded by the Ethereum Foundation with a funding of 120,000 US dollars, and the core researcher Justin Drake himself participated in the advisory. Additionally, Puffer Finance is creating a permissionless staking pool that lowers the participation threshold for independent validators from 32 ETH to 2 ETH for greater capital efficiency. In addition, Puffer Finance received US$650,000 in preliminary seed round financing in June last year, led by Jump Crypto, with participation from Arcanum Capital and IoTeX.