Puffer Finance is a decentralized native liquid restaking protocol built on top of the Eigenlayer ecosystem. Known for its whimsical, under-the-sea, cartoon-like platform, Puffer Finance aims to make Ethereum validating not only accessible but also profitable while promoting Ethereum validator diversity. Here are the key points about Puffer Finance:
Protocol Goals:
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Prioritize safety by introducing a novel approach to validator collateral with better long-term NoOp incentives (NoOps are the node operators of the protocol).
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Adjust risk by allocating the protocol’s ETH among different Eigenlayer AVSs (Advanced Validation Services) and restaking operators.
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Preemptively self-cap its pool size to 22% to protect Ethereum’s credible neutrality.
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Allow anyone with enclave-compatible hardware and 1 $ETH to run an Ethereum validator.
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Enable NoOps to increase profit margins through Eigenlayer’s restaking exposure and use enclave-compatible hardware to protect themselves from slashing.
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Allow stakers to earn rewards even if the protocol’s validators underperform.
Additional Restaking Through Eigenlayer:
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Puffer Finance allows validators to receive additional restaking rewards through the EigenLayer technology while also receiving proof-of-stake (PoS) rewards on the Ethereum network.
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The goal is to enable validators to earn more than just PoS validating, efficiently reusing their hardware and capital to improve viability and profitability. This, in turn, helps secure Ethereum and preserve its decentralization.
- How to Participate in the Puffer Airdrop:
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Visit the Puffer website and click on “Launch Puffer Quest.”
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Attach an active crypto wallet (brand new wallets don’t qualify).
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Confirm your participation in your wallet.
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You’ll be redirected to the secret airdrop page.
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Complete all Puffer quests.
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Coins will instantly distribute to your wallet, and you’re finished!
So, if you’re ready to explore the depths of Puffer Finance, follow these steps and claim your share! 🌊💰