Puffer

Puffer is a decentralized protocol built on Ethereum that combines liquid restaking, a rollup infrastructure called UniFi, and a preconfirmation service designed to speed up transaction settlement. It addresses two related problems: the fragmentation of liquidity across Ethereum's growing ecosystem of rollups, and the need for faster, more affordable transaction finality. The primary users are Ethereum stakers seeking yield and developers or users interacting with Ethereum-based applications who want near-instant transaction confirmation.

Puffer allows users to deposit Ethereum and receive a liquid restaking token representing their staked position, which can then be used elsewhere while the underlying ETH continues to secure the network through restaked validators. On top of that, the protocol runs a Based Rollup stack — meaning block production is tied to Ethereum's own validators rather than a separate sequencer — and a preconfirmation AVS that aims to deliver 100-millisecond transaction acknowledgments. The PUFFER token serves as a governance token within this ecosystem, and the protocol operates across both the Ethereum mainnet and the BNB Chain ecosystem.

Puffer collects fees from its staking and restaking operations; over the trailing 30 days those fees totalled 62,152.66 USD, and annualized from that same 30-day window they come to 756,190.70 USD. Of those fees, the protocol retains a share measured by its take rate of approximately 5.10 percent over the trailing 30 days, translating to 30-day protocol revenue of 3,172.04 USD and annualized protocol revenue of 38,593.15 USD; the remaining 58,980.62 USD over the trailing 30 days is classified as supply-side revenue, meaning it flows to liquidity providers and stakers rather than the protocol treasury. Fee growth over the most recent 30-day period was negative 6.92 percent and protocol revenue growth was negative 8.08 percent over the same window, indicating the fee base contracted modestly in that period.