Puffer Finance has announced that it has secured a grant from the Ethereum Foundation to help decentralize Ethereum’s validator set.

The grant will be used to support the open-source project, Secure-Signer, a remote-signing tool designed to increase validator key security and prevent the validator from getting slashed due to software bugs or user errors.

The team at Puffer Finance believes that Secure-Signer will be a win for solo stakers as well as the wider staking industry.

As more validators use it to protect themselves, they additionally reduce the overall penalty the rest of the validators would receive in the event of a high-correlation slashing event.

To further promote decentralization, Puffer Finance is developing a capital-efficient and completely permissionless liquid staking protocol designed to lower the barrier of entry for at-home-stakers and compete with centralized LSPs in terms of rewards.