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Puffer Finance Selects InfStones For Strategic Collaboration In Testnet Phase


Puffer Finance Selects InfStones For Strategic Collaboration In Testnet Phase
Nov 10,2023|Clients
Puffer Finance Selects InfStones For Strategic Collaboration In Testnet Phase

Puffer Finance, an innovative protocol dedicated to enhancing staking operations on the Ethereum blockchain, has recently announced selecting InfStones to support their ongoing efforts during the Testnet phase. This collaboration is a significant step forward in our ongoing efforts to contribute to advancing the blockchain ecosystem. Puffer is backed by notable industry leaders such as Jump Capital, Lemniscap, Lightspeed Faction, Brevan Howard Digital, and includes angel investors such as Sreeram (Founder) and Calvin Liu (CSO) from EigenLayer and Richard Malone of Obol Labs. This support, alongside a grant from the Ethereum Foundation, highlights a unified dedication to Puffer’s innovative liquid staking technology.

Puffer is the first native Liquid Restaking Protocol (nLRP) built on EigenLayer. It features cutting-edge anti-slashing technology that allows Ethereum nodes to minimize risks and enhance capital efficiency, supercharging rewards through native restaking. Puffer takes home-staking to new heights by increasing node capital efficiency and strengthening network security, reducing bond requirements to less than 2 ETH.

At InfStones, we will lend our specialized blockchain infrastructure expertise to support Puffer’s initiatives. We will assist in optimizing their protocol, ensuring a seamless testnet phase, and contributing to a secure, decentralized future for Ethereum’s ecosystem.

Puffer's CEO, Amir Forouzani, shared their enthusiasm about our collaboration: “We are delighted to collaborate with InfStones for our testnet phase. Their renowned expertise in blockchain infrastructure is a crucial asset to our project. InfStones' insight and experience will be critical in enhancing our product line and ensuring a smooth launch as we traverse the complexity of the blockchain ecosystem.”

Echoing this sentiment, InfStones' CEO, Dr. Zhenwu Shi, commented, "InfStones is poised to contribute significantly to this venture. Our expertise in blockchain infrastructure and astrong track record of successful collaborations make us a strategic associate for Puffer. We are particularly excited by Puffer's innovative approach to liquid staking, utilizing advanced restaking services and anti-slashing technology. This journey promises to foster significant innovation and push the limits of what's achievable in the blockchain space ."

At InfStones, we pride ourselves on being the world's leading blockchain infrastructure provider. Our platform, trusted by renowned industry brands, simplifies node management, PoS token staking, and API integration, linking Web3 apps to over 80 major blockchains. We prioritize rapid, fully automated deployment and multi-cloud capabilities, ensuring accessibility and reliability for developers worldwide.

Our collaboration with Puffer is a testament to our commitment to advancing blockchain technology. This collaboration not only reflects our expertise and trust within the industry but also our dedication to shaping a decentralized future.

About Puffer Finance

Puffer is the first native Liquid Restaking Protocol (nLRP) built on EigenLayer. It introduces native Liquid Restaking Tokens (nLRTs) that accrue PoS and restaking rewards. Nodes within the protocol leverage Puffer's anti-slashing technology to enjoy reduced risk and increased capital efficiency, while supercharging their rewards through native restaking exposure.

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About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.