Puffer will launch a liquid restaking token on BNB Chain and deploy a Layer 2 secured by EigenLayer.<\/p>\n
Binance Labs, the venture capital arm of the leading centralized exchange, announced an investment in Puffer, a project bringing Ethereum liquid restaking onto BNB Chain.<\/p>\n
The funds will be used to build out Puffer\u2019s infrastructure, open-source technology, and Layer 2 network. Puffer\u2019s L2 will be secured by EigenLayer, the pioneering restaking protocol, operating as an actively validated service (AVS).<\/p>\n
\u201cPuffer will bring its native liquid restaking token (nLRT) to\u00a0BNB Chain\u00a0users so they can earn Ethereum PoS and restaking rewards,\u201d Binance\u00a0said<\/a>. \u201cPuffer aims to democratize Ethereum staking by reducing operational risks and costs associated with validating, making it viable for at-home validators.\u201d<\/p>\n Puffer aims to become the first project to bring ETH restaking yields onto a network outside of the Ethereum ecosystem.<\/p>\n ETH restaking yields are derived from EigenLayer, which allows users to generate income by validating third-party AVSs that are secured by EigenLayer while simultaneously earning Ethereum staking rewards. Users can either natively restaking ETH without limit or deposit\u00a0liquid staking tokens<\/a>\u00a0(LSTs) to EigenLayer\u2019s capped pools.<\/p>\n Liquid restaking tokens<\/a>\u00a0allow tokenholders to earn restaking yields without spinning up an Ethereum node and without locking up funds \u2014 meaning users can side-step EigenLayer\u2019s seven-day withdrawal delay by selling their tokens when exiting a position \u2014 reducing the technical barriers and frictions associated with accessing restaking yields.<\/p>\n The emergence<\/a> of liquid restaking tokens coupled with EigenLayer recently\u00a0increasing<\/a>\u00a0its LST pool limits have propelled EigenLayer to a more than $2B total value locked (TVL) after sitting at $252M in mid-December, according to DeFi Llama. Natively restaked Ether currently accounts for $986.3M or 48% of the total, with liquid restaking tokens representing around $900M combined.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Puffer will launch a liquid restaking token on BNB Chain and deploy a Layer 2 secured by EigenLayer. Binance Labs, the venture capital arm of the leading centralized exchange, announced an investment in Puffer, a project bringing Ethereum liquid restaking onto BNB Chain. The funds will be used to build out Puffer\u2019s infrastructure, open-source technology, […]<\/p>\n","protected":false},"author":2,"featured_media":239154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-239153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=239153"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239153\/revisions"}],"predecessor-version":[{"id":239155,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/239153\/revisions\/239155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/239154"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=239153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=239153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=239153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Liquid restaking propels EigenLayer growth<\/h2>\n