EigenLayer is usually a restaking platform that enables Ethereum stakers to receive supplemental rewards by providing safety and validation services over and above the primary PoS community. Puffer Finance integrates with EigenLayer to supply its users the opportunity to restake their ETH and generate supplementary rewards.
Jason highlighted, this tactic aims to dissolve The existing boundaries of liquidity and usefulness that fragment the ecosystem.
Every time a NoOp exits the Puffer, the protocol calculates penalties relevant to inactivity or slashing if the validator has incurred any. The corresponding bond in pufETH is burned, and The remainder is returned to the node operator. The protocol also returns any unused VTs into the node operator.
If thriving, Puffer may considerably add to Ethereum’s decentralization and resilience, fostering a more democratized ecosystem for staking and restaking.
Puffer's Key intention is to determine a fresh conventional for secure validator operations although preserving Ethereum's decentralization.
Puffer’s slash defense system and validator tickets assure regular rewards and amplified security for stakers.
Puffer finance is exclusive in the multitude of methods. It offers characteristics that simplify restaking for non-complex people and establishes measures to mitigate complex roadblocks like slashing and decentralization.
Restaking is the whole process of utilizing staked belongings, for example ETH, to supply more validation or security products and services on secondary platforms, thus earning more rewards. This idea allows stakers to leverage their staked tokens beyond the first PoS network to take part in a variety of DeFi pursuits and protocols.
Puffer Finance is really a very productive liquid restaking protocol on Ethereum, providing Improved returns by means of pufETH and UniFi AVS. With billions in TVL, it stands as among the largest LRT platforms in DeFi, signaling sturdy industry confidence in its scalability and security.
Puffer is designed on EigenLayer, which happens to be a specialised blockchain layer optimized for staking operations. Puffer operates as a native liquid restaking protocol (nLRP):
This dramatically lowers the barrier to entry for node operators, permitting decentralized LSPs to prosper and contend with centralized companies that now dominate the House.
To make certain puffer finance our development aligns with our community's eyesight, we proven the Puffer Foundation. Its mandate should be to:
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