Puffer Finance
AuditedVerifiedPuffer Finance is an Ethereum native Liquid Restaking Protocol (nLRP). Users deposit ETH and mint pufETH — an ERC-4626 token that compounds Ethereum staking rewards, validator-ticket revenue, and EigenLayer AVS restaking rewards.
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The Problem
Traditional LSTs capture only Ethereum's consensus-layer yield, and bootstrapping a validator on Ethereum requires 32 ETH plus heavy hardware/operational expertise — restaking that yield safely is a further hurdle.
The Solution
Puffer combines a permissionless validator marketplace (Validator Tickets), native EigenLayer restaking, and a single liquid token (pufETH) — so holders earn staking + ticket + AVS yields in one composable ERC-4626 asset.
Why it Matters
Permissionless node-operator entry via Validator Tickets, deep institutional partnerships (Anchorage Digital, Brevan Howard, Fidelity backers), and an in-development based-rollup (UniFi) with preconfirmations that consumes Puffer-secured restaked ETH.
Protocol Metrics
Related Research
View allFrequently asked questions about Puffer Finance
What is Puffer Finance?+
Puffer Finance is a Liquid Staking protocol operating on Ethereum. Puffer Finance is an Ethereum native Liquid Restaking Protocol (nLRP). Users deposit ETH and mint pufETH — an ERC-4626 token that compounds Ethereum staking rewards, validator-ticket revenue, and EigenLayer AVS restaking rewards.
How does Puffer Finance work?+
Puffer combines a permissionless validator marketplace (Validator Tickets), native EigenLayer restaking, and a single liquid token (pufETH) — so holders earn staking + ticket + AVS yields in one composable ERC-4626 asset.
Is Puffer Finance safe?+
DeFi Sentinel rates Puffer Finance A with a safety score of 74/100, indicating low-to-moderate risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Puffer Finance has 8 audits on record. DeFi Sentinel's analysis flagged 2 high, 3 medium, 6 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Puffer Finance?+
Puffer Finance has a DeFi Sentinel safety score of 74/100 (rating A), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Puffer Finance support?+
Puffer Finance is deployed on Ethereum.
Has Puffer Finance been audited?+
Yes. Puffer Finance has 8 audit reports on record from firms including Trail of Bits, Quantstamp, BlockSec. Audit reports and dates are linked under the Resources tab on this page.