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Puffer Finance

Category: Restaking, LRT (Liquid Restaking Token)

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Overview

Total XP Rewards

100

Estimated Rewards

$25M

Funding

$24.27M

Current Stage

Season 2

Total value locked

$346M

Unique Users

58,000

Chains

chain image

Phase

Mainnet

Structure

Points based

Gas

Yes

Grade

A

Tasks

0/5

TGE

October-2024

Type

Restaking

Confirmed

Yes

Date

about 1 year ago

Introduction

  • Puffer is a decentralized native liquid restaking protocol (nLRP) built on Eigenlayer.
  • It makes native restaking on Eigenlayer more accessible, allowing anyone to run an Ethereum Proof of Stake (PoS) validator while supercharging their rewards.

Tasks

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Fundamentals

  • Puffer Finance aims to offer innovative solutions within the DeFi ecosystem, leveraging the capabilities of the Ethereum Virtual Machine (EVM) and restaking mechanisms.
  • Puffer is a native liquid restaking protocol (nLRP) designed to harness the power of restaking.
  • Creating Restaking Modules
  • Staking ETH
  • Registering a NoOp Validator
  • Provisioning ETH
  • PoS Rewards
  • Restaking Rewards
  • Exiting Validators

Potential Rewards

  • Liquid Staking: Anyone can stake any ETH amount.
  • Restaking Rewards: Eigenlayer integration supercharges rewards.
  • Validator Tickets: Aligns NoOp incentives, smooths MEV, and creates new markets.
  • Liquid Rewards: NoOps  execution rewards are immediately liquid.
  • Buy and Hold: Earn PoS and restaking rewards without running a validator.

 

Investors

  • Ethereum Foundation
  • Coinbase Ventures
  • ConsenSys
  • Electric Capital
  • Animoca Brands
  • Binance labs

Audit

  • BlockSec
  • SlowMist
  • Quantstamp
  • Trail of Bits

Hybrid Strategy

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Stake pufETH on zircuit and receive Eigen points, Puffer points, Zircuit points on your deposits.
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pufETH/stETH pool and benefit from 2x Puffer Points on your deposits.

Features

  • Permissionless: anyone can run a validator on Puffer.
  • Native Restaking: the first native liquid restaking protocol on Eigenlayer.
  • Alignment: the protocol is self-capped to protect Ethereum.
  • Explosive Growth: pufETH can grow in value even if validator queues are long.

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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