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Puffer Finance
2 weeks ago 1 min read

Puffer Finance reaches $850 million in TVL

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. DefiLlama reports that Puffer Finance saw a TVL of over $146 million on its first day of operation. In a matter of days, it surpassed projects like Renzo and Kelp