Why Puffer is Transformative in Ethereum Staking

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6 Feb 2024

Ethereum staking has faced challenges with centralization due to factors such as low profit margins and the substantial capital requirement of 32 ETH.
Puffer aims to revolutionize this domain by offering a more permissionless and credibly neutral approach with its cutting-edge technology, which includes:
Native Restaking
Increasing rewards opportunities and hardware efficiency through Ethereum PoS and EigenLayer restaking.
Anti-Slasher Protection
Implementing safeguards against slashing penalties, increasing capital efficiency.

About the Campaign

Pre-Mainnet Campaign (Now)
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Deposit stETH into Puffer to earn liquid pufETH tokens.
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Accumulate stETH yield and Puffer points.
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Prior to Feb 9th 11am PT, stETH is deposited into EigenLayer to earn users Eigenpoints prior to Puffer's mainnet.
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stETH deposits after Feb 9th 12pm PT are not guaranteed Eigenpoints.
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Chapter 2 bonus: Earn 3x Puffer points if stETH is brought from EigenLayer.
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See our
post regarding LST caps.
Mainnet Launch (Soon)
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stETH is withdrawn from EigenLayer then redeemed from Lido into ETH 🧛‍♂️
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Puffer's ERC4626 vault upgraded to use wETH as asset.
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ETH withdrawals are be enabled with campaign point penalty.
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Puffer Protocol goes live on Ethereum mainnet.
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ETH is used to fund protocol's permissionless Ethereum validators.
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pufETH becomes native liquid restaking token; users earn Eigenpoints from native restaking.

Puffer Roadmap
Where Puffer is going?
Ethereum
ETH holders can earn PoS rewards
EigenLayer
Allows ETH to be restaked and opens AVS marketplaces
Puffer
PufETH holders capture PoS + restaking rewards
EigenDA
The first AVS to generate restaking rewards
Puffer L2
Built on Eigen DA, pufETH holders earn extra revenue from L2 fees
The Future
Oracle and bridge AVSs are L2 dependencies generating more revenue for pufETH
Puffer Advisors and Angels