Puffer Finance (PUFFER) is a decentralized liquid restaking protocol built on the EigenLayer foundation. It enhances Ethereum’s Proof-of-Stake (PoS) performance by allowing users to restake their already staked ETH, boosting capital efficiency. When you stake ETH in Puffer, you receive "pufETH," which you can use across other protocols while still earning rewards from Ethereum staking.
The platform also supports faster and cheaper Ethereum transactions through its UniFi-based rollups, which bundle multiple transactions to reduce fees and improve speed. Puffer’s governance token, $PUFFER, allows you to participate in protocol decisions and governance by staking it to earn vePUFFER, a vote-escrow token.
Puffer Finance has an upcoming airdrop starting on October 14, 2024, and it has raised significant funding to expand its services in Ethereum scaling.
