1. Project Background and Positioning

PUFFER is a token of the decentralized native liquid re-staking protocol (nLRP) built on EigenLayer. This innovative positioning makes PUFFER unique in the Ethereum ecosystem, providing pledgers with a new revenue model and capital utilization method.

II. Issuance and Total Amount

The total number of PUFFER tokens is 1,000,000,000, and the initial supply (TGE) is 102,300,000, accounting for 10.23% of the total. This design is intended to ensure the scarcity and long-term value of the token.

3. Economic Model and Application

Ecosystem and Community: 40% of tokens are used to build the ecosystem, reward community support, and ensure the continued growth and vitality of the project.

Support Ethereum core development: 1% of tokens are used to support Ethereum core development and will be unlocked 4 years after TGE, reflecting the project's long-term commitment to the Ethereum ecosystem.

Airdrop Rewards: 7.5% and 5.5% of the tokens will be used for airdrop activities in the first and second seasons of Crunchy Carrot Quest respectively to attract user participation and increase project awareness.

Core Team and Advisors: 20% of tokens are allocated to the core team and advisors and will be gradually released over 3 years to ensure long-term commitment and stability of the team.

IV. Project Highlights

Permissionless staking and re-staking: Puffer is the first permissionless Ethereum native liquid re-staking protocol, which lowers the barrier to participation and enables more people to participate in Ethereum node operation.

Anti-slashing technology: The Secure-Signer technology based on Intel SGX hardware effectively reduces the risk of verifiers being fined and enhances user confidence.

pufETH liquid token: Stakers can not only obtain PoS rewards, but also obtain additional income through re-staking, which improves capital utilization.

Efficient capital utilization: Node operators only need less than 2 ETH to run a full 32 ETH validation node, reducing operating costs.

Strong community support: driven by the community, enhancing user interaction and participation through points incentives and ecological expansion.

PUFFER tokens will be used for governance decisions in the Puffer ecosystem, and holders can participate in voting through the vePUFFER mechanism to guide the future development of the protocol. At the same time, tokens are also used to reward early supporters, community members, and users participating in the ecosystem, forming a virtuous circle.

VI. Risks and Precautions

Technical risks: Reliance on complex smart contracts and hardware support, with the risk of technical vulnerabilities or failure to operate as expected.

Market risk: Returns are closely related to factors such as the Ethereum network staking rate and ETH market price. Market fluctuations may affect the returns of stakers and node operators.

VII. Financing and Investors

PUFFER coin's financing investors include well-known institutions such as Brevan Howard Digital, Electric Capital, Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, and Mechanism, Lightspeed Faction, ConsenSys, Animoca, GSR, Binance Labs, etc. These investors jointly provided financial and resource support for PUFFER coin, enhancing the project's credibility and market potential.

8. Future Value Outlook

At present, PUFFER coin has been listed on six exchanges, and has received heavy promotion from the project party and key recommendations from major exchanges during the warm-up phase. These positive factors have laid a solid foundation for the future trend of PUFFER coin. Considering the innovation and market potential of the project, the increase of PUFFER coin in the future is expected to exceed 10 times or even 20 times. With the opening of the second bull market, PUFFER coin is expected to become a leader in the market and bring rich returns to investors.#美国大选如何影响加密产业？ #puffer质押