Score withheld

Puffer

Liquid Staking, derivative weightsMarket-cap rank 820, CoinGecko 23 Oct 2026

A restaked token built on Ethereum.

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.24–

Transparencywithheld×0.20–

Revenuewithheld×0.08–

Innovationwithheld×0.12–

Communitywithheld×0.12–

Tokenomicswithheld×0.24–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Puffer

Analysis of 4 Apr 2026

Puffer Finance is a native liquid restaking protocol built on EigenLayer that enables users to earn staking and restaking rewards while maintaining full liquidity through pufETH. Founded in 2022 by Amir Forouzani (CEO, ex-particle physics researcher) and Jason Vranek (CTO, ex-Chainlink Labs engineer), the protocol raised $24.1M from institutional investors including Brevan Howard, Electric Capital, Coinbase Ventures, Kraken Ventures, and Franklin Templeton at a $200M valuation.

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Puffer differentiates itself through Secure-Signer technology funded by an Ethereum Foundation grant, which uses Intel SGX trusted execution environments to prevent validator slashing at the hardware level. The protocol also develops UniFi, a based rollup leveraging Ethereum L1 validators for sequencing with sub-10ms preconfirmations through their AVS on EigenLayer.

Currently managing approximately $60M in TVL with $14M market cap, Puffer represents a deep-value opportunity in the liquid restaking sector, trading 96% below its December 2024 ATH.

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