Binance Alpha has launched Puffer ($PUFFER) today. Alpha points reaching 186 can receive an airdrop of 362 PUFFER. Users with points between 147 and 185 and whose UID ends with 5 have a chance to receive a lucky airdrop.
Some say it's better to earn from Binance Alpha than to just earn rewards, did you earn today?🤨
Introduction to Puffer ($PUFFER), a native liquidity re-staking protocol (nLRP) built on EigenLayer, aimed at lowering the participation threshold for Ethereum validators, enhancing capital efficiency, and promoting decentralization of the network.
🔍 Project Overview
🫀 Core Features: Allows users to deposit ETH or liquidity staking tokens (like stETH, wstETH) into PufferVault, mint pufETH, and re-stake to earn additional rewards.
🛠️ Technical Innovations: Introduces 'Validator Ticket' and 'Secure-Signer' technologies that utilize Intel SGX hardware to provide anti-censorship protection, reducing the risk of running validation nodes.
⛓️ Ecosystem Expansion: Launches UniFi Rollup and UniFi AVS, providing pre-confirmation services based on EigenLayer, achieving near-instant transaction confirmations, enhancing Ethereum's scalability and security.
⚖️ Commitment to Decentralization: Establishes a 'Burst Threshold' mechanism to limit its market share in Ethereum validation nodes to no more than 22%, preventing excessive centralization.
💰 PUFFER Token Economic Model
Total Supply: 1 billion PUFFER.
Distribution Ratio:
• Ecosystem and Community: 40%
• Core Team and Advisors: 20% (locked for one year, then linear release over two years)
• Q1 Airdrop: 7.5%
• Q2 Airdrop: 5.5%
• Support for Ethereum Core Development: 1% (unlocked after four years)
• Governance Mechanism: Adopts the vePUFFER model to encourage users to stake PUFFER long-term to gain more governance weight.
📈 Market Performance and Investor Support
Total Value Locked (TVL): As of now, Puffer Finance's TVL exceeds $1.333 billion, ranking among the top Ethereum liquidity staking protocols.
Investor Support: Received investments from well-known institutions such as Binance Labs, Coinbase Ventures, Jump Crypto, Electric Capital, and funding from the Ethereum Foundation.
