Buffer Finance collects $ 18 million in a new financing round

• Buffer Finance secures $ 18 million in a financing round listed by Brevan Howard Digital and Electric Capital.
• also the crypto exchanges coinbase and octopuses invest in the Ethereum-Liquid-Restaking protocol.

Buffer Finance, an Ethereum-Liquid-Stake protocol on its own layer, has collected $ 18 million in his last round of funding.

According to an announcement from Tuesday, Brevan Howard Digital and Electric Capital led the financing round of Serie A.

buffer financing efforts also attracted the participation of several leading risk capital companies, including Fidelity, Coinbase Ventures, Franklin Templeton and Consensys. Further important investments came from Kraken Ventures, Lemnniscap, Mechanism, Lightspeed Faction and Animoca.

As a liquid residual remaining protocol enables buffer finance ETH stakers to contribute to decentralization of Ethereum by using only 1 ether (eth). This is far less than the 32 ETH that a single staker needs to earn Ethereum operating premiums.

With the liquid residual token (LRT) of the project, owners can also achieve earnings from other defi projects.

growth of buffer finance

Buffer Finance has so far collected $ 23.5 million while it is closer to its Mainnet start. The Serie-A round follows a 5.5 million dollar seed round in 2023, which was led by the Lemnniscap and LightSpeed ​​Factation risk capital companies.

buffer recently closed partnerships with projects such as the Ethereum L2 platform Cyberconnect, the Yield Hub Balancer from Defi and the multi-chain-inter-operating platform Wormhole.

corresponding to Defillama data The TVL from ZVL is around 1.15 billion US dollar. The total value of the block reached $ 1.5 billion in mid-March.