Anchorage Digital is working with Puffer Finance to help institutional investors use Ethereum restaking, Cointelegraph reported on March 12.
The integration allows institutions to stake Ethereum held at Anchorage and receive Puffer’s restaking token, pufETH. The token represents restaked Ethereum. It can be used in other on-chain applications while earning additional rewards.
Anchorage said the collaboration is designed to let institutional investors take part in restaking without running separate validators or managing staking infrastructure. It also stressed that restaking can be done safely without moving assets between platforms because they remain within Anchorage’s custody and governance systems.
Restaking is a way to earn rewards by using already-staked tokens to secure additional decentralised services. Liquid restaking protocols hold about $7.2 billion in total value locked, according to DeFi data platform DefiLlama. Of that, Puffer Finance manages about $62 million worth of restaked Ethereum.
Chi-gyu Hwang
delight@d-today.co.kr