Puffer combines liquid staking and restaking into an individual protocol, permitting end users to stake with as little as 1 ETH and make both of those PoS and restaking rewards by way of Eigenlayer integration. It simplifies the staking approach for equally stakers and node operators (NoOps), gives security features like anti-slashing technological know-how, and introduces Validator Tickets (VTs) For additional flexibility and decentralization.
At Puffer, we’ve constantly valued the input and needs of our community. We understand that a chance to withdraw pufETH has actually been an extended-awaited attribute, and we’re pleased to announce that we’ve listened to you loud and apparent.
Puffer's mission is to ascertain a whole new typical for safe validator functions, focusing on preserving Ethereum's decentralization. They attain this by employing anti-slashing technological innovation to mitigate challenges and by enabling a greater diversity of validators, improving range in node operators.
Whenever you stake ETH with Puffer, you receive a token referred to as pufETH, which can be used in other decentralized applications when your original ETH continues to be staked, earning benefits.
Puffer Finance launched a whole new approach to Ethereum staking, producing liquid restaking extra available. It addresses the worries of centralization and accessibility in staking through its permissionless framework, indigenous restaking capabilities, and motivation to decentralization.
This prerequisite is to guard stakers and it'll be upgraded to your trustless solution the moment Ethereum's protocol lets it through EIP-7002.
"At a high stage, Puffer is Ethereum liquid staking in which you make evidence of stake rewards with validators. Nevertheless, we are also conducting native restaking on EigenLayer to create additional rewards," claimed Jason Vranek at an event previous calendar year.
In return, users get tokens from your LSP that signifies their deposit. These tokens could be redeemed with the LSP for ETH, traded about the open up current market, or utilized through DeFi as collateral.
With each other, these systems enable the platform to deliver rapid, safe, and successful transaction processing while making sure that Ethereum's Main values of decentralization and protection are preserved.
We understand that the chance to withdraw is essential to user trust and protocol resilience. Using these new withdrawal solutions, we’re reaffirming our determination to creating a sturdy, consumer-centric System that may seamlessly integrate with other DeFi protocols and use scenarios.
The powerful assistance of our Group has long been instrumental from the good results of our Series A. During our early-mainnet phase, dubbed the Crunchy Carrot Campaign, we managed to reel in a powerful $one.
Puffer also works by using sturdy security actions, like slashing protection and Safe-Signer technologies, to shield validators from dropping their staked resources as a result of problems.
Restaking refers back to the liquid restaking mechanism that permits the ETH deposited on Puffer for use as collateral for expert services on EigenLayer.
Puffer Finance adopts a permissionless framework, enabling anybody to run a validator about the protocol. This democratization of staking makes certain that the validator established puffer fi continues to be various and decentralized, mitigating the chance of centralization.