Puffer Finance Airdrop Guide: Liquid Restaking Protocol

About Puffer Finance

Puffer Finance is a liquid restaking protocol built on EigenLayer. It allows users to stake their stETH or wstETH and receive pufETH (LRT), a liquid restaking token.

Since its launch on February 1, 2024, Puffer Finance has seen remarkable growth. In just 4 days, its TVL (Total Value Locked) has surpassed $340 million, making it the second-largest liquid restaking protocol in terms of TVL.

This rapid growth can be attributed to several factors, including:

• The growing popularity of liquid restaking: Liquid restaking allows users to stake their assets while maintaining liquidity, which has made it an attractive option for many investors.
• EigenLayer’s point system: EigenLayer incentivizes users to participate in the network by rewarding them with points, which can be used to earn rewards or reduce fees.
• Binance Labs’ investment in Puffer Finance: Binance Labs, the investment arm of Binance, has invested in Puffer Finance, which has helped to raise awareness of the protocol and attract new users.

Looking ahead, Puffer Finance plans to expand to BNB. This expansion could further accelerate the protocol’s growth and make it a major player in the liquid restaking space.

Puffer Finance TVL (as of February 4, 2024)

Liquid Restaking TVL Ranking (as of February 4, 2024)

Puffer Finance has a strong team of advisors and angels, including:

• EigenLayer’s founder and CSO: This shows that Puffer Finance is closely aligned with EigenLayer, which could provide significant advantages in terms of technology and access to the market.
• Coinbase’s Staking Product Lead and Staking Sales Lead: These individuals bring deep experience in the staking market, which will be invaluable to Puffer Finance as it seeks to grow its market share.

The strength of Puffer Finance’s advisory team is a clear indication that the company is serious about taking on the liquid restaking market. With the support of these experienced individuals, Puffer Finance is well-positioned to achieve its goals and become a major player in the liquid restaking space.

Puffer Finance Airdrop Potential

You can earn 1,000 points just by connecting your wallet to Twitter, even without staking. Personally, I think there is a good chance that it will be listed on Binance, as it has been invested in by well-known VCs such as Binance Labs.

Puffer Finance Airdrop Guide

1. Visit Puffer Finance
2. Connect your wallet and Twitter
3. Stake stETH or wstETH (Please note that withdrawals are currently disabled)

By staking stETH, you can earn:

• Puff Points (around 10,000 points per 1 ETH)
• Eigen Layer Points
• APY

How to get stETH

If you don’t have stETH yet, you can get it in one of the following ways:

Stake ETH on Lido to get stETH

Purchase stETH on Uniswap

How to Check Your Points

You can check your earned points on the Puffer Leaderboard. For reference, my account with approximately 3 ETH staked is currently ranked 1954th.

For now, this is all you can do. I will add more quests if they are added in the future.