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Promote with Leviathan NewsPuffer Finance, a new liquid restaking protocol built on EigenLayer, attracted about $135 million in Ether deposits within 24 hours of launch, immediately placing it among the largest players in the emerging liquid restaking segment. The rapid inflow made Puffer one of the top five liquid restaking providers by deposits, alongside ether.fi, Kelp DAO, Renzo and EigenPie, according to data cited by DL News and DeFiLlama. Puffer issues a liquid restaking token, pufETH, which is backed by users’ staked assets and is designed to remain usable in DeFi while those assets are restaked through EigenLayer to earn additional yield. Puffer positions itself as an alternative route into EigenLayer restaking, focusing on both yield and infrastructure security. It currently requires users to lock up Lido’s stETH to mint pufETH, effectively layering restaking on top of existing liquid staking positions. The protocol has drawn attention not only for its fast TVL growth, but also for its backers: investors include Binance Labs and other major crypto funds, and advisors/backers reportedly include Ethereum Foundation researcher Justin Drake and EigenLayer founder Sreeram Kannan. Puffer also promotes anti-slashing technologies and a points-based incentive program to attract users, reflecting the intense competition among liquid restaking protocols to capture flows into EigenLayer and shape a key new yield and security primitive in the Ethereum DeFi stack.
AI-generated background, compiled from web sources — not editorial content.
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