Puffer Finance
Staking · Liquid Restaking · pufETH
Puffer is a native liquid restaking protocol issuing pufETH; its Secure-Signer / RAVe anti-slashing technology lets node operators run with reduced bond while restaking on EigenLayer.
Native liquid restaking with anti-slashing.
Total staked
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Latest data · 15 min delay
Competitors
Ranked top→bottom — who competes with Puffer Finance and how they differ.
| # | Competitor | Positioning | Similarities | Differentiator |
|---|---|---|---|---|
| 1 | ether.fi | Largest EigenLayer-based liquid restaking protocol (eETH/weETH). | Native/liquid restaking on EigenLayer; issues a reward-bearing LRT that stacks PoS + restaking yield and is composable across DeFi. | ether.fi is non-custodial delegated restaking with a broader product suite (cash card, liquid vaults); Puffer differentiates on hardware anti-slashing (Secure-Signer) and its UniFi based-rollup roadmap. |
| 2 | Renzo | Major EigenLayer liquid restaking protocol issuing ezETH. | Liquid restaking token on EigenLayer combining PoS and AVS restaking rewards. | Renzo abstracts AVS/operator selection as a strategy manager and expanded cross-chain; Puffer emphasizes permissionless node operation with a low bond and TEE-based slashing protection. |
| 3 | Kelp DAO | Liquid restaking protocol issuing rsETH on EigenLayer. | LRT wrapper over EigenLayer restaking with DeFi composability. | Kelp accepts multiple LSTs into a single rsETH basket; Puffer centers on native ETH restaking with its own operator/anti-slashing stack and L2 ambitions. |
| 4 | Swell | Liquid staking/restaking protocol (swETH/rswETH) with its own L2 roadmap. | Restaking LRT plus a Layer-2 scaling roadmap, overlapping directly with Puffer's UniFi ambitions. | Swell built the Swell L2; Puffer pursues a based rollup (UniFi) with EigenLayer preconfirmations. |
| 5 | Bedrock | Multi-asset liquid restaking (uniETH / uniBTC). | Both in Staking (Liquid Restaking). | Multi-asset LRT suite (ETH and BTC) with an institutional design partnership (RockX). |
| 6 | YieldNest | Curated liquid restaking baskets (MAX LRTs). | Both in Staking (Liquid Restaking). | Opinionated, curated LRT baskets ('MAX' tokens) that package AVS selection and risk management for users. |