ETHZilla to Invest $47M ETH in Puffer

ETHZilla Corporation (Nasdaq: ETHZ), technology company in DeFi, announced plans to allocate about $47 million in Ethereum, equal to around 10,600 $ETH, to Puffer, a liquid restaking protocol. The move is aimed at generating higher returns on the company’s $ETH treasury.

Puffer was selected for its restaking model, which combines yield generation with security. The protocol uses a 2 $ETH validator bond that serves as protection against validator errors or malicious activity, offering a safeguard for institutions and digital asset businesses.

Beyond restaking, Puffer is developing additional infrastructure, including its liquid restaking token (LRT) for capital efficiency, a Unifi-based rollup for composability, and Preconf AVS for scaling transaction throughput and payroll settlement. Together, these elements are designed to support yield, security, and network performance.

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