Puffer Airdrop Preparation: Unveiling the LRT Project Backed by Binance
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Chapter 1: Understanding Puffer and the LRT Concept
Recently, two innovative areas have gained traction within the blockchain domain: AI and Liquid-Restaking Tokens (LRT). Building on discussions from previous posts regarding EigenLayer, it appears that Puffer is poised to play a significant role in advancing the LRT narrative during this blockchain expansion.
Section 1.1: What is Puffer?
Puffer is categorized as a Native-Liquid-Restaking-Token (nLRT) project, distinguishing it from traditional LRTs.
- LRT Process:
- Native ETH → Liquid ETH Token (swapped) → Lock on EigenLayer
- nLRT Process:
- Native ETH → Liquid ETH Token (swapped) → Lock on EigenLayer & Activate EigenLayer Chain AVS (known as Native Staking)
If everything unfolds as intended, Puffer will not only function as a standard LRT but will also activate EigenLayer's AVS nodes. This capability allows it to generate Gas Fee Rewards from AVS, enhancing the stability of the EigenLayer network.
Subsection 1.1.1: Rewards Breakdown
Here’s a summary of the rewards you can expect:
- LST Reward (Pool Reward — $ETH)
- EigenLayer Points (from various project airdrops & future token launches)
- Puffer Points (from other project airdrops & future token launches)
Thus, User Reward = LST Reward + EigenLayer Points + Puffer Points
This structure mirrors what was discussed earlier with Swell:
- User Reward = LST Reward + EigenLayer Points + Swell Points
However, Puffer stands out due to its backing from Binance Labs, which may influence the future token valuation and directly impact the EigenLayer ecosystem. This suggests that the rewards associated with LST and Puffer Points could be considerably more advantageous.
The first video discusses three crypto projects backed by Binance that are expected to thrive in 2024. This provides insight into emerging opportunities in the blockchain space.
Section 1.2: Airdrop Participation Steps
Now, let’s delve into the airdrop tasks you should undertake immediately! 🤗
- Visit the Puffer Website.
- Click on the glass bottle icon and complete the quest.
- Currently, only the SNS quest is available (Chapter 1).
- All set! Join Puffer as an early user and accumulate numerous points! 👊
Chapter 2: The Future of Puffer and Its Potential
The second video covers the Puffer Finance Airdrop, which is funded by Binance Labs. This will provide detailed guidance on how to take advantage of this opportunity.