Puffer Finance
PUFFERNative liquid restaking protocol on EigenLayer
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 7.34% | 11.61% | 62.20% | 74.31% | 208.50% | -- |
Revenue & Burn
Protocol income
$1.69KBuyback funds
$0Burn funds
--Buyback ratio
0.0%Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $1.69K | $0 | -- | 0.0% |
| Sep 2026 | $4.79K | $0 | -- | 0.0% |
| Aug 2026 | $4.55K | $0 | -- | 0.0% |
| Jul 2026 | $4.58K | $0 | -- | 0.0% |
| Jun 2026 | $4.96K | $0 | -- | 0.0% |
| May 2026 | $6.6K | $0 | -- | 0.0% |
Comparison
Tokenomics
Unlock Progress
Based on CoinGecko data, Current Unlock Rate for PUFFER: 57.49%
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 14, 2026 | 19.16M PUFFER | $806.78K | 3.33% | 2 Allocation |
| Dec 14, 2026 | 19.16M PUFFER | $806.78K | 3.33% | 2 Allocation |
| Jan 14, 2027 | 19.16M PUFFER | $806.78K | 3.33% | 2 Allocation |
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0xcc7b...72b3 |   PUFFER | 158,020,270.47 | 15.8% | $6.63M |
| 0xa600...a7c0 | PUFFER | 129,879,099.2 | 12.99% | $5.45M |
| 0x69a1...fa71 | PUFFER | 109,081,135.57 | 10.91% | $4.58M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBithumbCEX | PUFFER/KRW | $0.05903 | $5,601 | $18,488 | $328,660 | 1.63% |
| 2 | HHTXCEX | PUFFER/USDT | $0.05847 | $9,103 | $17,154 | $325,749 | 1.62% |
| 3 | BBitgetCEX | PUFFER/USDT | $0.05864 | $52,452 | $71,594 | $314,603 | 1.56% |
| 4 | BBybitCEX | PUFFER/USDT | $0.0587 | $44,715 | $93,453 | $196,057 | 0.97% |
| 5 | UUpbitCEX | PUFFER/BTC | $0.0582 | $1,475 | $4,491 | $75,166 | 0.37% |
| 6 | UUpbit Indonesia CEX | PUFFER/BTC | $0.05818 | $0 | $0 | $75,135 | 0.37% |
| 7 | BBingXCEX | PUFFER/USDT | $0.05864 | $16,514 | $18,374 | $55,013 | 0.27% |
| 8 | KKuCoinCEX | PUFFER/USDT | $0.05855 | $29,399 | $38,583 | $48,883 | 0.24% |
| 9 | KKrakenCEX | PUFFER/EUR | $0.05936 | $8,469 | $19,250 | $6,059 | 0.03% |
| 10 | PUFFER/ETH | $0.05782 | $5,450 | $5,433 | $5,010 | 0.02% |
Follow Updates
Follow Lists
People
About Puffer Finance
Puffer Finance is a native liquid restaking protocol built on EigenLayer. Users can deposit ETH to receive pufETH, earning both PoS and restaking rewards. Its core competitiveness lies in lowering barriers: node operators only need 2 ETH collateral to run validators and can earn additional rewards through the Validator Tickets mechanism. The protocol uses technologies such as Secure-Signer to reduce slashing risk and self-limits validator share to no more than 22% to maintain decentralization. Market pain points include the high barrier of 32 ETH for traditional staking, single-source LST yields, and complex restaking operations. Puffer addresses these through pufETH and the VT mechanism. Regarding development in the past six months (2026-03-02 to 2026-09-02), no specific information was found in the provided materials.
Puffer Finance, an EigenLayer-based liquid restaking protocol, has evolved through several pivotal milestones. The launch of PufferDAO introduced a community-driven governance framework with vePUFFER NFTs, enabling boosted voting power and protocol decision-making. The deployment of UniFi AVS brought pre-confirmations to Ethereum, achieving 100ms transaction finality while leveraging Based Rollup architecture. The introduction of the CARROT token established an incentives program aligned with governance epochs. The mainnet launch and subsequent airdrop events, including PUFFER and CARROT claims, marked significant distribution moments. Despite a security incident involving the X account hack, the protocol demonstrated resilience by compensating affected users through on-chain EIGEN purchases. These developments collectively position Puffer as a decentralized infrastructure provider, advancing from liquid restaking to a comprehensive ecosystem encompassing LRT, rollups, and AVS services.
Positive:
- Partnership with Anchorage Digital provides institutional clients with regulated custody access to pufETH, boosting institutional adoption.
- UniFi AVS received an Eigen Foundation grant to advance preconfirmations; pufETH expanded to MegaETH via Stargate.
- Institutional partnerships may help recover TVL.
Negative:
- Ongoing token unlocks: 46% of supply (investors/team) vesting linearly over 2 years, ~23M tokens/month entering circulation; next unlock on 2026-07-11 for early contributors/advisors.
- PUFFER has governance-only utility, no buybacks/burns or revenue sharing, lacking value support.
- Price down ~93% from ATH; FDV below raise amount, holders underwater.
- Intensifying competition: ether.fi TVL far exceeds Puffer.
Co-founder & CEO Amir Forouzani: holds an M.S. in Electrical & Electronic Engineering from USC, with a data science and NASA background, and previously served as a research assistant.
Co-founder & CTO Jason Vranek: completed an M.S. in Computer Science & Engineering at UCSC, is a PhD candidate focused on verifiable computing, researches Chisel hardware accelerators and cryptography, previously worked at Chainlink Labs, and has published on front-running in DEXs.
Core members: Christina Chen leads marketing operations, with Silicon Valley Web3 marketing, PR, branding, and BD experience; Jeff Zhao is a developer/software engineer, holds a B.S. in CS from the University of Toronto, previously worked at Circle, and has contributed to smart contracts and L2 integrations.