Puffer Institutional lets institutions launch custom LSTs and LRTs
Puffer Finance introduced Puffer Institutional, a product enabling institutions to spin up their own liquid staking tokens (LSTs) and liquid restaking tokens (LRTs) instead of joining the shared staking pool. Per @AmirOnchain, the offering supports custom KYC parameters, custody, and redemption flows tailored to each institution's needs.
- Aimed at institutions that need bespoke staking structures rather than a common-pool setup
- Covers configurable KYC, custody, and redemption workflows
Puffer launches bug bounty on Sherlock with $100K top payout
Puffer Finance has announced its bug bounty program on Sherlock DeFi is now live, offering rewards of up to $100,000 for critical vulnerabilities across its protocol. The program invites all security researchers to identify and report flaws as part of Puffer's ongoing security efforts. Puffer described security as a continuous process and encouraged researchers to help strengthen the protocol.
PUFFER governance token launches with airdrop
Puffer launched its PUFFER governance token (total supply 1 billion) and initiated a two-season airdrop campaign (running to January 14, 2025) that distributed approximately 7.5% of the total supply to the community.
Puffer Finance launches its mainnet
Puffer launched its Ethereum mainnet, enabling users to deposit ETH, stETH, or wstETH and allowing node operators to run 2 ETH validators via its Secure-Signer technology and Validator Tickets, with validators restaked to EigenLayer AVSs.
Puffer raises $18M Series A led by Brevan Howard Digital and Electric Capital
Puffer announced an $18M Series A round co-led by Brevan Howard Digital and Electric Capital, with participation from Coinbase Ventures, Kraken Ventures, Franklin Templeton, Lemniscap, and Fidelity-affiliated Avon Ventures, ahead of its mainnet launch.
Puffer Finance closes $5.5M seed round
The Ethereum liquid staking/restaking project closed a $5.5M seed round co-led by Lemniscap and Lightspeed Faction, with participation from Brevan Howard Digital, Bankless Ventures, and Animoca Ventures, among others.