Institutional Access to Ethereum-Native Restaking

Puffer is partnering with Anchorage Digital to offer institutional exposure to pufETH, Puffer’s liquid restaking token. Anchorage Digital is a leading crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, and the industry’s leading security infrastructure..

Through this partnership, Anchorage Digital clients can access Ethereum staking and restaking rewards via pufETH while maintaining the custody, security, and operational standards required by institutions. The collaboration brings Ethereum-native yield into a regulated, institution-grade custody environment, reducing operational complexity without compromising on risk controls.

As staking becomes a core component of Ethereum’s evolving economic layer, institutions are increasingly seeking exposure to liquid, yield-bearing ETH assets that combine decentralization, capital efficiency, and explicit risk mitigation. This partnership is designed to meet that demand.

Why pufETH Is Different

Puffer’s liquid restaking model is built around a simple premise: sustainable yield must be backed by decentralized security and clearly defined protection mechanisms.

Rather than optimizing for short-term yield through operator concentration or implicit guarantees, Puffer focuses on building a liquid restaking system that is safer, more resilient, and better aligned with institutional risk frameworks.

Robust APYs Backed by Decentralized Operators

Puffer’s APYs are generated through Ethereum staking and EigenCloud restaking rewards across a decentralized set of operators, avoiding reliance on a small number of large validator providers.

This operator diversity reduces concentration risk and dependency on shared infrastructure, strengthening the reliability of returns. Yield is therefore rooted in Ethereum-native economics and broad validator participation, rather than operational centralization.

For institutions, this translates into exposure that is structurally more resilient and less sensitive to single points of failure.

Up to $5B in Slashing Penalty Protection and Buffer

Slashing risk is a central concern in staking, particularly in correlated failure scenarios. Puffer addresses this directly through up to $5B in slashing penalty protection and buffer, designed to absorb potential losses before they impact pufETH holders.

By embedding explicit protection mechanisms at the protocol level, Puffer introduces clearer downside boundaries and improved predictability. This approach aligns more closely with institutional risk modeling, where loss scenarios must be identified and mitigated upfront rather than assumed away.

A Safer Model for Institutions and Stakers

In Puffer’s design, decentralization is not a narrative goal but a risk control mechanism.

Distributing validation and restaking across many independent operators reduces correlated operational failures, shared infrastructure dependencies, and systemic slashing cascades. For institutions, this resembles diversified exposure rather than concentrated counterparty risk.

Final Remarks

This partnership reflects a broader shift in how institutions engage with Ethereum.

As staking and restaking mature into foundational components of Ethereum’s security and execution layers, institutional participants are moving beyond passive ETH exposure toward liquid, ETH-native, yield-bearing assets that meet regulatory and operational standards.

By offering access to pufETH, Anchorage expands its institutional on-chain shelf with a liquid staking primitive that is decentralized by design, explicit about risk, and aligned with Ethereum’s long-term security model.

pufETH represents a new class of institutional ETH exposure: robust yield, decentralized operators, and clearly defined protection, delivered through Anchorage’s trusted platform.

Puffer 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.