Puffer Finance reaches $850 million in TVL

1 min read

Puffer Finance, an Ethereum liquid restaking protocol, now has $850 million in total value locked (TVL) in it, making it the second-largest of its kind. With the launch of Puffer Finance on February 1st, users can deposit Ethereum (ETH) and receive a liquid staking token that can be used to earn yield from restaking, which is the practice of staking the same Ethereum across multiple protocols to obtain additional yield.