Although through the use of a liquid restaking service such as Puffer, you can eliminate the inconveniences of a token lock-up and enjoy non-custodial staking, liquid restaking exposes stakeholders to interest rate risk, market volatility and additional slashing risks. Traditional staking, such as Everstake ETH non-custodial staking solutions, remains a straightforward and reliable choice.

How can I restake ETH through Puffer?

• Step 1: Launch Quest at puffer.fi by clicking “Launch quest” button
• Step 2: You will be forwarded to Chapter 4 to connect a wallet. Click “Connect”, select a wallet from a list (scroll down to see All Wallets) or choose Wallet Connet. confirm the connection – it will allow Puffer to see your address, account balance, activity and suggest transactions to approve
• Step 3: Select your family. Each Puffer family is unique and is led by different members in the Puffer ecosystem. Choose your family to swim with throughout your Puffer journey. Click “Confirm family selection” to proceed and approve in your wallet – this will bind your X / Twitter to your wallet and accept the Puffer Quest Terms of Service (this request will not trigger a blockchain transaction or cost any gas fees)

Please note this action cannot be undone.

Binance Web3 family is only available for Simple Yield stakers. If your wallet does not qualify, you will be automatically enrolled in the Puffer family.

If you have any questions, please reach out to the Puffer's official Discord.

• Step 4: Click "Stake" to open the staking pop-up. Select a token to stake and specify your stake amount. Click “Deposit Now” to confirm your choice and approve the transaction
• Step 5: Enjoy Enjoy ETH (Beacon Chain) and restaking rewards by holding the pufETH nLRT rewards, instant points from Puffer partners and liquidity of your restaked tokens

NB:

1. You will receive your pufETH nLRT automatically; they are minted in return.
2. Neither Puffer nor node operators, responsible for managing your stake on behalf of Puffer, have no control over your funds, as Puffer provides liquid non-custodial restaking. Puffer’s self-custodial staking enables you to keep assets in your own wallet, and receive staking rewards without compromising on control.

Where can I restake to Puffer?

You can restake with Puffer via its app, as it supports a wide range of wallets (find your wallet at All Wallets) and the Wallet Connect protocol.

• Min amount to stake: no minimum deposit requirement
• Reward frequency: daily

Puffer is a decentralized native liquid restaking protocol (nLRP) designed to harness the power of restaking. It is built on Eigenlayer and makes native restaking on it more accessible, allowing anyone to join Ethereum staking with any amount of ETH to receive rewards, as well as supercharging with EigenLayer AVSs rewards. In exchange for staking ETH, users receive the pufETH, which grows in value as the protocol mints VTs (validator Tickets (VTs) – ERC20 token that grant the holder the right to run a staker-funded Puffer Ethereum validator for a day) and receives restaking rewards.

In contrast with liquid staking tokens (LSTs), pufETH can provide more rewards for its holders. Not only it encompasses Ethereum PoS (staking) rewards and restaking rewards, but its value can accelerate quickly due to validator ticket sales. Furthermore, the PoS rewards for stakers are decoupled from the protocol validators' performance.

Learn more about Puffer on the official website:

• Docs
• FAQs
• Github
• Forum

Have questions about the liquid restaking or Puffer? Contact us via email for more details or book a call with our Puffer Blockchain Manager to ask your questions in person.

Being a responsible validator is not limited to ensuring the blockchain works safely and soundly. It is also about ensuring a healthy ecosystem and protocol growth and development.

Everstake is proud to be one of the Node Operators maintaining the robustness and integrity of the Puffer protocol and the Ethereum network as a whole. We ensure the highest security of the Ethereum network thanks to our battle-tested infrastructure and paving early access to new benefit opportunities for ETH stakers to earn additional rewards.

This goes far beyond just being infrastructure providers, as Everstake actively participates in the decision-making processes and community education while ensuring network security and decentralization.