Anchorage Digital has recently partnered with Puffer Finance to provide institutional clients access to Ethereum liquidity re-staking through its custody platform. Institutions using this platform can participate in re-staking without the need to run their own validation nodes or manage staking infrastructure.
This integration allows clients to access Puffer's re-staking protocol under Anchorage's custody and governance framework, eliminating the need to transfer funds across multiple platforms. Anchorage stated that this integration is part of a larger effort to expand institutional clients' access to on-chain services, covering functions such as staking, re-staking, governance, and settlement.
Anchorage Digital is a cryptocurrency custody company based in San Francisco and the first federally chartered crypto bank in the United States.
Expansion of Liquidity Re-staking in the Ethereum Ecosystem
In the liquidity re-staking system, staked Ether is represented by tradeable tokens that can be reused through re-staking protocols to help secure additional decentralized services.
Currently, the liquidity re-staking ecosystem primarily revolves around EigenLayer, a protocol launched by Eigen Labs that allows staked Ether or liquid staking tokens to secure additional on-chain services beyond the Ethereum network.
This sector is currently dominated by ether.fi, which has a total locked value of approximately $5.6 billion, followed by Kelp DAO at around $1 billion, and Renzo with about $217 million. Meanwhile, Puffer Finance, integrated with Anchorage Digital, currently manages approximately $62 million in re-staked Ether.