• LBank Labs is an investor in the seed round of Puffer Finance alongside investors such as Brevan Howard, Bankless Ventures, Animoca Ventures.
• Secure-Signer is a remote signing tool designed to prevent validators from committing slashable offenses, thus protecting stakers from costly penalties.
• LBank Labs aims to focus on its Platform Standard Ecosystem and Puffer Finance stands out as an example of a standard in the liquid staking space.
LBank Labs Backs Puffer Finance’s Seed Round
LBank Labs, a leading blockchain venture fund, is investing in Puffer Finance alongside other investors such as Brevan Howard, Bankless Ventures, Animoca Ventures to create a capital-efficient and permissionless staking pool through its open-source project Secure-Signer. Secure-Signer is a remote signing tool designed to protect validators from committing slashable offenses and limit access to validator keys to mitigate user errors.
Puffer’s Protocol To Lower Barrier Of Entry For At-Home Stakers
Puffer Finance is also working on a protocol to lower the barrier of entry for at-home stakers and provide access to additional streams of revenue. This would allow for a financially viable alternative to centralized Liquid Staking Providers. With the advancement of Ethereum’s ZK-rollup adoption, Puffer validators can also potentially earn additional revenue through exclusive restaking services that are part of their tech stack.
Co-Founders Excitement About Collaboration with LBank Labs
Jason Vranek and Amir Forouzani, Co-founders of Puffer expressed excitement about the collaboration with LBank Labs emphasizing how they have similar visions for liquid staking innovation and growth.
LBank Labs Sees Value In Future Portfolio Companies
LBank Lab’s Principal Investor Nathalie has highlighted how they see potential in projects that can ‘change industry standards’ such as helping bring 100 million users into crypto space with mission to create universal fair access decentralized assets for billions of people – making this partnership between them and puffer very beneficial!
Conclusion
The collaboration between LBank Labs and Puffer Finance signals an exciting chapter of innovation and growth – helping bring more users into crypto space through secure & efficient means while aiming towards fulfilling its mission statement!