Puffer PricePUFFER

What is Puffer (PUFFER)?

Puffer (PUFFER) is the native token of Puffer Finance, a security-first Ethereum infrastructure protocol that combines liquid restaking with next-generation rollup technology. The project is designed to enhance Ethereum's scalability, decentralization, and capital efficiency through two core pillars: Puffer LRT (Liquid Restaking Token) and the UniFi suite of products, which includes UniFi AVS and UniFi Based Rollup. Users can deposit ETH to receive pufETH, a liquid restaking token that earns both Ethereum Proof-of-Stake rewards and EigenLayer restaking yields. PUFFER is an ERC20 token deployed on Ethereum with a maximum total supply of 1,000,000,000 tokens. The token launched on Oct. 1, 2024, and serves as the governance asset for the Puffer and UniFi ecosystem. Puffer describes its mission as "Building the Future of Ethereum," positioning itself as premier infrastructure and yield for digital assets with best-in-class security at every layer, verifiable by anyone.

Key Specifications & Tokenomics

• Name: Puffer (Puffer Finance)
• Ticker/Symbol: PUFFER
• Blockchain: Ethereum (ETH)
• Token Standard: ERC20
• Smart Contract (Ethereum): 0x4d1C297d39C5c1277964D0E3f8Aa901493664530
• Smart Contract (BNB / BEP20): 0x87d00066cf131ff54B72B134a217D5401E5392b6
• Decimals: 18
• Maximum Total Supply: 1,000,000,000 PUFFER
• Initial Circulating Supply: 102,300,000 PUFFER (10.23%)
• Category: Cross-Chain Infrastructure, EigenLayer Ecosystem, Liquid Restaking
• Official Website: https://www.puffer.fi/
• Documentation: https://docs.puffer.fi/
• Explorer: etherscan.io
• CertiK Rating: 4.6
• Launch Date: 2024-10-01

Of the total supply, 7.5% (75 million PUFFER) is allocated for the Crunchy Carrot Quest Season One airdrop, giving the community a direct role in shaping the protocol's future direction. An additional allocation is designated for the Puffer core team and advisors. The token is described as deflationary with a fixed maximum supply of one billion tokens. Circulating supply figures vary across data sources and reporting dates, reflecting ongoing token unlocks tracked by platforms such as tokenomist.ai and dropstab.com.

Who created Puffer (PUFFER)?

Puffer Finance was founded in 2022 by a team of blockchain experts and Ethereum enthusiasts. The co-founders include Amir Forouzani, who serves as Co-founder and CEO and holds an M.S. in Electrical & Electronic Engineering from USC, and Jason Vranek, Co-Founder and CTO of Puffer Labs. Lawrence Jin and Hsiao-Wei Wang are also listed as founders. The team's background includes experience in developing scalable blockchain solutions with a focus on improving Ethereum's infrastructure. Puffer has collaborated with prominent figures in the Ethereum community, including Justin Drake, on innovative solutions such as anti-slashers for the staking industry. In 2026, Puffer Co-Founder Amir Forouzani joined leaders from Google Cloud, Anchorage Digital, Pluralis Research, Sonic Labs, and PROOF at the Google Web3 AI Summit 2026. The project has attracted backing from notable investors including Brevan Howard, Electric Capital, Binance Labs, and Lemniscap.

How does Puffer (PUFFER) work?

Puffer operates through two interconnected technology layers. The first is Puffer LRT, a native Liquid Restaking Protocol built on EigenLayer. Users deposit ETH into the protocol and receive pufETH in return, a liquid token that represents their staked position. This allows users to earn Ethereum Proof-of-Stake rewards alongside EigenLayer Actively Validated Service yields while maintaining liquidity. The protocol utilizes Secure-Aggregator technology to enable permissionless validator participation while maintaining security, and incorporates anti-slashing technology developed in collaboration with Ethereum community figures.

The second layer is the UniFi suite. UniFi Based Rollup is a Layer 2 solution that leverages Ethereum's existing validator set to provide instant L1 withdrawals and sub-second transaction times, aligning with Ethereum's security and decentralization principles. UniFi AVS is an Actively Validated Service that provides preconfirmation services for based rollups, enabling near-instant transaction confirmations. Puffer Preconf is a fast, secure preconfirmation service built on EigenLayer that enhances the scalability of based rollups. Together, these components create an infrastructure stack that improves transaction throughput and reduces costs while preserving Ethereum's core security guarantees.

What makes Puffer (PUFFER) unique and valuable?

Puffer distinguishes itself through its security-first approach and integrated product suite. The project states that security is not a feature but the product, with the goal of providing best-in-class security at every layer, verifiable by anyone. The protocol has been audited by multiple parties and maintains a CertiK rating of 4.6. Its collaboration with Justin Drake on anti-slashing technology demonstrates engagement with the broader Ethereum research community. Puffer also contributed research on 2FA zk-rollups using SGX, proposing the use of SGX as a pragmatic hedge against zk-rollup SNARK vulnerabilities.

The UniFi Based Rollup architecture is notable for leveraging Ethereum's existing validator set rather than relying on a separate set of sequencers, which aligns with Ethereum's decentralization ethos. The vePUFFER governance model introduces an ERC-721 implementation of a vote escrow token, balancing long-term engagement with flexibility. Additionally, Puffer's partnership with Anchorage Digital provides institutional clients with regulated access to pufETH, bridging decentralized finance and institutional participation. The combination of liquid restaking, based rollups, and preconfirmation services positions Puffer as a comprehensive infrastructure provider within the Ethereum ecosystem.

What is Puffer (PUFFER) used for?

PUFFER is the native governance token of the Puffer and UniFi ecosystem. Its primary utility is enabling holders to participate in protocol governance. Token holders can vote on key protocol parameters, select guardians and restaking operators, and curate which Actively Validated Services are supported. PUFFER holders also influence fee structures and can whitelist new rollups for AVS support. The token grants the community the ability to direct ecosystem rewards and manage treasury funds, giving holders a meaningful role in the protocol's strategic direction.

Beyond governance, PUFFER plays a central role in the broader Puffer ecosystem. The vePUFFER model, an ERC-721 vote escrow implementation, allows users to lock their tokens to gain enhanced governance influence, balancing long-term commitment with flexibility. The token also serves as the economic coordination mechanism for the UniFi suite, aligning incentives among validators, rollup operators, and users. As the ecosystem expands to include new vaults and rollup integrations, PUFFER is positioned to function as the governance and coordination layer for Puffer's growing infrastructure stack.

How Is the Puffer (PUFFER) ecosystem developing?

The Puffer ecosystem is expanding across several fronts. In liquid restaking, Puffer's integration with EigenLayer allows users to earn both Ethereum PoS and AVS yields on staked ETH. The project attracted nearly $200 million on its first day of liquid restaking, demonstrating significant early demand. A partnership with Anchorage Digital provides institutional clients with regulated access to pufETH, and a collaboration with Everclear enables pufETH accessibility across chains. Puffer UniFi AVS was awarded a grant from EigenCloud to support the development of its preconfirmation network.

The UniFi product suite continues to develop, with Puffer preparing for a new UniFi Vault and advising users to withdraw assets from the existing vault. The BEP20 contract on BNB launched on May 9, 2025, extending PUFFER's reach beyond Ethereum. Community engagement remains active through campaigns such as the Crunchy Carrot Quest Season One airdrop, which allocated 75 million PUFFER tokens to participants. The project also publishes regular community updates and maintains an active presence across social platforms including X, Telegram, Discord, Medium, and LinkedIn. Media coverage has appeared in CoinTelegraph, CoinDesk, The Defiant, The Block, Benzinga, and other outlets, reflecting ongoing recognition within the broader crypto industry.

How to mine Puffer (PUFFER)?

PUFFER is not mined through traditional proof-of-work mechanisms. Instead, tokens are earned through staking and participation in the Puffer ecosystem. The primary method is liquid restaking: users deposit ETH into Puffer LRT and receive pufETH, which earns Ethereum staking rewards, EigenLayer AVS yields, and Puffer Finance restaking rewards. This process is permissionless, meaning validators can participate without requiring approval, supported by Puffer's Secure-Aggregator technology.

Community members can also earn PUFFER through participation in campaigns such as the Crunchy Carrot Quest Season One airdrop, which distributed 75 million tokens, representing 7.5% of the total supply. Holding and locking tokens in the vePUFFER model provides additional governance influence. As the ecosystem develops, new opportunities to earn PUFFER may emerge through UniFi Vault participation and other protocol activities. Users should be aware that staking and restaking involve smart contract and slashing risks, and they should review the protocol's documentation before participating.

How to keep your Puffer (PUFFER) Coin safe?

Securing PUFFER tokens requires attention to both self-custody best practices and protocol-level security considerations. Since PUFFER is an ERC20 token on Ethereum and a BEP20 token on BNB, users should store their tokens in wallets that support these standards, such as hardware wallets or reputable software wallets. Hardware wallets provide the strongest protection against online threats by keeping private keys offline. Users should never share their private keys or seed phrases with anyone and should verify all contract addresses before interacting with tokens or smart contracts.

When interacting with DeFi protocols, including Puffer's staking and restaking services, users should verify they are on the official website and use official contract addresses. Puffer's Ethereum contract address is 0x4d1C297d39C5c1277964D0E3f8Aa901493664530, and the BNB contract address is 0x87d00066cf131ff54B72B134a217D5401E5392b6. Bookmarking the official website and documentation helps prevent phishing attacks. Puffer has been audited by multiple parties and maintains a CertiK rating of 4.6, but users should remain aware that staking and restaking carry inherent risks including smart contract vulnerabilities and slashing penalties. Keeping software wallets updated, using unique passwords, and enabling two-factor authentication where available are additional measures that support long-term asset safety.