Puffer News — April 26
Puffer News — April 26
Puffer Institutional-Grade Staking/Restaking Solution, Chainlink Integration & more!
Greetings, Puffer community, it’s time for another installment of our Newsletter! We have been extremely busy behind the scenes since the start of the year, firmly in building mode. Despite the external market turbulence, our mission to set the standard for decentralized infrastructure is unwavering, and in this edition we’ll be covering some very important updates and new product launches, so let’s dive in!
New Institutional-Grade Staking & Restaking Solution
We just announced the launch of our cutting-edge institutional staking and restaking solution, designed to help institutions unlock higher yields on their Ethereum holdings without compromising on security, compliance or operational control. As you can see below, the news was covered by Blockworks:
Built from the ground up for institutional needs, this novel solution introduces an advanced restaking mechanism that enables organizations to earn additional rewards beyond traditional staking models. By integrating seamlessly with protocols like EigenLayer, institutions can now leverage their staked ETH to secure multiple Actively Validated Services (AVSs), compounding their yield potential while contributing to our mission to uphold the decentralization and resilience of Ethereum. Institutions can authorize specific accounts for ETH withdrawals via the Puffer Institutional Vault contract, while custom withdrawal policies, such as daily withdrawal limits, can also be implemented.
Unlike conventional staking, which typically offers a fixed annual yield, this new approach allows institutions to re-stake the same ETH to secure additional services and networks. Our multi-layered staking architecture results in higher yield opportunities while still operating within an institutional-grade compliance and risk framework. Learn more about the new solution here.
Season 2 Extension & CARROT staking now live
There has never been a better time to take full advantage of $PUFFER Season 2, which has been extended until August 15th. This means there’s even more time to earn $CARROT rewards and explore the different layers of the Puffer ecosystem! By locking your $CARROT tokens, you can earn up to a 12x reward boost, depending on how long you commit to staking. The longer you stake, the bigger your potential rewards. Your rewards are calculated based on your staking weight, which is determined by both the amount of $CARROT you stake and the duration you lock it for — ensuring that loyal, long-term participants are rewarded the most. Reward distribution is managed through a gauge mechanism that is voted on and approved by the Puffer DAO governance. Don’t miss your chance to maximize your earnings and strengthen your role within the Puffer ecosystem! Stake now via the Puffer app: app.puffer.fi
New pufETH chains
We continue to make significant strides forward with pufETH, offering exciting new opportunities for our community.
TAC
Last week we announced that pufETH is now live on the TAC L1 as well as our plans to join the TAC Summoning Campaign — geared towards bringing Ethereum-native yield to TON’s Telegram-powered ecosystem of 950M+ users. As part of the initiative, major incentives will be up for grabs for early liquidity providers. Participants can earn rewards for helping seed the future of hybrid dApps. The following X post provides a comprehensive overview.
ApeChain
pufETH is also officially live on ApeChain, which was created by the legendary BAYC community, and has quickly established itself as the ultimate destination for NFTs and a launchpad for the next era of Web3 culture. By bringing permissionless restaking infrastructure to ApeChain, we’re enabling greater decentralization, security, and flexibility for builders and creators. $CARROT incentives will be launching soon, giving users even more reasons to get involved, with additional rewards and initiatives rolling out afterward.
SOON
pufETH is also now live on SOON, the high-performance SVM Rollup built for mass adoption, powered by decoupled SVM, Merklization and Horizontal Scaling. pufETH holders can now easily bridge to SOON Mainnet and be eligible for rewards in Season 2 of the Big Bang and earn exclusive incentives! Interested parties can bridge now at: https://bridge.mainnet.soo.network and track pufETH on SOON via your OKX wallet.
TermMax
pufETH is also now live on TermMax, a fixed-rate leverage protocol that lets users borrow, lend, and loop yield-bearing assets with custom AMMs and fixed maturity dates.
pufETH / WETH Pool
- Borrow WETH at 3.08%: Users can use pufETH as collateral to borrow WETH at a fixed 3.08% interest rate.
- Lend WETH for 2.87%: Lenders can deposit WETH and earn 2.87% fixed yield.
- Incentives: Both borrowers and lenders earn additional rewards in $CARROT and $TMX tokens, making it more attractive than just the base yield.
pufETH / PT-pufETH Pool
- Borrow pufETH at 2.62%: Users can borrow pufETH at a fixed rate using PT-pufETH (Principal Token) or other acceptable collateral.
- Lend pufETH for 1.98%: Lenders earn 1.98% for providing pufETH to the pool.
- Incentives: Additional yield is available through $TMX rewards, enhancing the effective return.
Deposit your pufETH at: https://app.termmax.ts.finance and track your rewards here:https://t.co/aA5QJYJUAlhttps://app.puffer.fi/portfolio
New interviews with Amir Forouzani
Amir Forouzani, Co-founder of Puffer Labs has been busy on the media circuit in recent weeks, taking part in an exclusive interview with well-known Web3 media personality DeFi Dad, where he discussed Puffer’s expanding product suite, advantages of based rollups, L1 scaling, vePUFFER and CARROT incentives.
Check out the interview here:
Amir also caught up with former Thomson Reuters reporter Joseph Raczynski, who now hosts Tech Snippets Today: a popular video podcast series, which explores cutting edge technology and innovation across the Web3 and AI domains. Check out the full interview here: https://www.youtube.com/watch?v=oL7z2cSdXY4
New integration with Chainlink
We recently announced a milestone integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Ethereum and Soneium, enabling seamless cross-chain transfers of our liquid restaking token, pufETH. Additionally, Chainlink Price Feeds will provide reliable, tamper-proof market data to help ensure secure and efficient markets for pufETH on Ethereum. As the gold standard for verifiable onchain data, Chainlink Price Feeds have enabled over $20 trillion in transaction value to date.
Read more about the integration in the official medium post here.
PufferDAO update
Season 2, Epoch 7 voting closed this week, which saw a total of 5.79M vePUFFER allocated across the 34 gauges. The voting epoch refers to the set time period where token holders vote to allocate rewards, get involved here: htps:vote.puffer.fi/plugins/gauges/#
We’d like to provide a quick reminder to lock your PUFFER tokens by Sunday, 27th April, 11:59 PM UTC to be eligible to vote in Epoch 8! https://vote.puffer.fi/plugins/stake/
Thanks for reading! As always, be sure to check out our X, Discord, and Telegram to stay updated on the latest developments across the Puffer ecosystem!
About Puffer Finance
Puffer Finance is a leading innovator in Ethereum infrastructure, focusing on next-generation rollups supported by liquid restaking (LRT) and preconfirmation as an AVS. With products like Puffer UniFi and Puffer UniFi AVS on EigenLayer, we are dedicated to enhancing Ethereum’s decentralization. Visit puffer.fi for more information.