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ETHZilla Corporation (ETHZ) announced plans to deploy approximately $47 million worth of Ether, representing about 10,600 ETH, to Puffer, a liquid restaking protocol. The deployment aims to generate higher yields on the company’s ETH treasury holdings through restaking operations.
The company selected Puffer for its ability to deliver high yields through restaking while providing security through its 2 ETH validator bond framework. This structure offers insurance against validator failures or malicious activity, according to the press release.
"We are excited to partner with Puffer, whose innovative validator framework enhances the yield profile of our ETH deployments," said McAndrew Rudisill, Chairman and Chief Executive Officer of ETHZilla. "This collaboration advances our strategy of generating meaningful cash flow from Ethereum and demonstrates ETHZilla’s leadership in deploying capital into cutting-edge infrastructure that supports long-term growth."
Amir Forouzani, Founder and CEO of Puffer, stated that the collaboration "demonstrates how security and yield can go hand in hand" and sets "a new standard for institutional participation in Ethereum restaking."
ETHZilla describes itself as a technology company in the decentralized finance industry that seeks to connect financial institutions and organizations through blockchain transactions via Ethereum Network protocol implementations. The company generates revenues through various DeFi protocols and offers tokenization solutions and other decentralized finance services.
The ETH valuation is based on market price as of September 24, 2025, according to the company’s statement.