Puffer News — December 7

Puffer News — December 7

Greetings Puffer community! It’s time for another installment of the Puffer Newsletter, which covers a monumental month of growth for the Puffer ecosystem. From landmark exchange listings to our UniFi Testnet launch, November proved to be a pivotal arc in our ongoing growth trajectory. Let’s dive in!

$PUFFER Listed on Upbit & Bithumb

We recently announced that $PUFFER was listed on Bithumb and Upbit, two of South Korea’s top cryptocurrency exchanges, resulting in substantial upward price movements. These listings represent another important milestone in our roadmap, bringing $PUFFER to one of the world’s most influential crypto markets, while demonstrating our unwavering commitment to regulatory compliance. In South Korea, cryptocurrency exchanges operate under stringent regulatory frameworks to ensure investor protection and market integrity. The Financial Services Commission (FSC) oversees these regulations, which have been progressively enhanced to address the evolving digital asset landscape.

This expansion allows us to accelerate the adoption of liquid restaking solutions in South Korea, enabling users to generate meaningful returns on their ETH while contributing to the Ethereum ecosystem. We’re thrilled to bring these cutting-edge innovations — restaking, UniFi AVS, and UniFi Rollup — to South Korean users, unlocking new opportunities for growth and engagement within DeFi and beyond. $PUFFER is also available on Kraken, Bybit, Bitget and more.

Testnet launch of UniFi

Earlier this month we announced the highly anticipated launch of our UniFi testnet, a based rollup to Ethereum set to transform the L2 landscape. UniFi has a clear mandate to unify the Ethereum network by addressing the fragmentation that has emerged from the proliferation of Layer 2 solutions. According to a recent Gemini Institutional Insights report, a new Ethereum Layer 2 solution is launched approximately every 19 days, raising concerns about liquidity fragmentation and the dispersal of tradable assets across multiple platforms. While L2 rollups have been crucial for Ethereum’s growth, many rely on centralized sequencers, resulting in liquidity silos and limiting value capture on Ethereum’s main network (L1). UniFi introduces a decentralized alternative: based sequencing, a novel approach that empowers Ethereum’s own validators to handle transaction sequencing, maintaining both the security and value alignment with Ethereum’s core ethos.

UniFi represents a major step forward in our goal to set a new benchmark for Ethereum scalability while addressing the fragmentation that has hindered broader adoption. With Atomic Composability, we’re unlocking unique opportunities for innovative applications and user experiences that blend Ethereum’s deep liquidity with L2 scalability. We’re excited to welcome developers, validators, and Ethereum supporters to join us in creating a more integrated and sustainable blockchain ecosystem! Our public testnet is just around the corner, so watch this space!

New UniFi Partners

We are building the future of native restaking, one puff at a time, and recently expanded our UniFi partnership network with Cork Protocol and Particle Network.

With Universal Accounts, Particle unifies all chains, offering one account and one balance across any chain.

Cork brings a new DeFi primitive, guaranteeing pegged assets can be swapped 1:1 with base assets — helping stabilize DeFi and deepen peg liquidity.

We’re actively engaging with a diverse range of protocols, many of which are set to join the UniFi ecosystem in the coming months. These partnerships will expand our offerings and strengthen UniFi’s capabilities in emerging sectors in Web3. Additionally, we’re finalizing further listings for the $PUFFER token, which will be announced soon, enhancing accessibility for users worldwide.

UniFi AVS Exceeds 100,000 Stakers

In yet another milestone, UniFi AVS recently surpassed 100,000 stakers, with over $8.8 billion in total restaked. UniFi AVS is an EigenLayer-based solution addressing challenges in Ethereum’s preconfirmation (preconf) ecosystem. It offers permissionless validator participation, an on-chain registry, and slashing mechanisms for accountability. Built on EigenLayer and integrating Commit-Boost, UniFi AVS aims to provide fast, secure, and neutral preconfirmations for based rollups, enhancing Ethereum’s scalability while maintaining its core principles of decentralization and security.

Source: https://dune.com/puffer_finance/puffer

Puffer on the Global Events Circuit

The Puffer team had a strong presence at the recent DevCon event, which brought together a range of builders, engineers, designers, researchers, infrastructure operators and members of the wider Ethereum community.

The Puffer team invaded Devcon!

In his talk at the Staking Rewards Summit, Amir Forouzani, Co-Founder of Puffer Labs discussed all things liquid restaking, based rollups, and preconfs, honing in on specific innovations that are driving Ethereum’s scalability and decentralization. Check out his presentation here.

Justin Drake and Amir joined the panel at Sequencing Day

UniFi Staking & Withdrawals Are Now Live

Last month we announced that UniFi staking and withdrawals are now — enabling stakers to withdraw funds or restake assets effortlessly, maximizing reward opportunities for our growing community.Users can stake their pufETH in the Puffer UniFi Vault to get ready for Season 2 and help fight Ethereum’s longstanding fragmentation issues. While staking, users will also receive UnifiETH, which will be useable as a native yield gas token once UniFi Mainnet launches. Get involved here: http://quest.puffer.fi/unifi

Puffer DAO is Now Live

We recently unveiled PufferDAO alongside the $PUFFER token and $vePUFFER NFT. PufferDAO empowers our community to govern the Puffer ecosystem — including Puffer LRT,https://x.com/puffer_unifiPuffer UniFi Rollup, and UniFi AVS — while upholding Ethereum’s core principle of decentralization.

$vePUFFER, minted through $PUFFER staking, is designed to align with Puffer’s long-term goal of fostering value-aligned and committed participants in the ecosystem.

Participating in the PufferDAO with your PUFFER and vePUFFER qualifies you for rewards in PUFFER’s Season 2. https://claims.puffer.fi/puffer-staking

Interested parties can join the Governance Hub here: https://vote.puffer.fi

Compounding EigenLayer Programmatic Incentives

We announced that we are officially compounding Eigenlayer programmatic incentives, which includes rewards from EigenLayer itself and all associated AVSs — maximizing value for pufETH holders. Restaking rewards are optimally compounding, leveraging a hybrid TWAP strategy developed by the vault guardian Gauntlet and executed via our Aera vault.

The most EIGEN rewards → ETH

We’re maximizing value for pufETH holders with boosted pufETH APY. This approach fuels more permissionless validators and sustainably grows the protocol. The rest gets restaked, compounding EIGEN rewards while maximizing yield from programmatic incentives.

$SOON 👀

Thanks for reading! As always, keep an eye on our Twitter, Discord, and Telegram to stay updated on the latest developments! Your ongoing support is greatly appreciated!

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. puffer.fi