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pufETH
$2,603.82
0.61%
pufETH Price Converter
pufETH Information
pufETH Supported Platforms
| pufETH | ERC20 | ETH | 0xD9A442856C234a39a81a089C06451EBAa4306a72 | 2024-01-31 |
About pufETH
pufETH is a native Liquid Restaking Token developed by Puffer Finance, enabling users to earn both Ethereum PoS and restaking rewards while maintaining liquidity. Its integration with DeFi platforms and innovative features like validator tickets make it a versatile asset within the Ethereum ecosystem.
pufETH is a native Liquid Restaking Token (nLRT) developed by Puffer Finance on the Ethereum blockchain. It represents staked ETH and enables holders to earn both Ethereum Proof-of-Stake (PoS) rewards and additional restaking rewards through EigenLayer. By depositing ETH into Puffer's PufferVault, users receive pufETH tokens, which accrue value over time as rewards accumulate. This design allows users to maintain liquidity while participating in staking and restaking activities.
pufETH serves multiple functions within the Ethereum and DeFi ecosystems:
Staking Rewards: Holders earn Ethereum PoS rewards as the underlying ETH is staked.
Restaking Rewards: Additional rewards are generated through restaking mechanisms on EigenLayer, enhancing yield potential.
DeFi Integration: pufETH can be utilized across various DeFi platforms for activities such as lending, borrowing, and liquidity provision.
Validator Participation: Node operators, referred to as NoOps, can use pufETH in conjunction with validator tickets to operate validators with reduced capital requirements.
pufETH was created by Puffer Finance, a decentralized native liquid restaking protocol built on EigenLayer. Puffer Finance aims to enhance Ethereum's staking ecosystem by providing accessible and efficient staking solutions. The project has received backing from various investors and has undergone multiple audits to ensure security and reliability.