All Time HighAug 24, 2025$5,187
All Time LowApr 9, 2025$1,459
Market Cap$0
Fully Diluted Valuation$405.28m
Circ. Supply0 PUFETH
How much debt can be issued against PUFETH as collateral across lending protocols.
Maximum possible exposure to PUFETH
$298,026
$57,621 (max additional borrows against PUFETH) + $240,405 (bad debt if PUFETH was hacked now)
Compound V3
$215,465 at-risk exposure = $179,232 bad debt if hacked + $36,234 additional borrowable against PUFETH
Morpho V1
$82,561 at-risk exposure = $61,173 bad debt if hacked + $21,388 additional borrowable against PUFETH
Showing collateral exposure for PUFETH on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for PUFETH as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
pufETH0xd9a442856c234a39a81a089c06451ebaa4306a72 | $36,234 | $179,232 | ||
pufETH0xd9a442856c234a39a81a089c06451ebaa4306a72 | $21,388 | $61,173 |
Risk-management actions published about PUFETH by tracked risk managers and governance contributors, newest first.
pufETH has low but active utilization in WETH Comet; cap resized to 30% buffer above supply. This balances headroom for volatility while compressing risk from recent LST-targeted attacks.
The pufETH market has shown low user demand with average supply cap utilization of 0.88% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
Puffer Finance proposes listing pufETH as collateral on Mainnet, expanding liquid staking options within Compound V3.
Published collateral risk assessment covering system architecture, dependency management, smart contract security, oracle integration, market risk, and access control, concluding on overall viability.
pufETH faces liquidity risks during low ETH availability in the PufferVault, potentially causing peg deviations up to -5.46% as seen in August 2024, exacerbated by the 14-day withdrawal delay from EigenLayer. While audits show improving security with few low-risk issues, the lack of a continuous bug bounty program and dependencies on Base L2's upgradability and Coinbase ownership introduce ongoing concerns for slashing, rewards access, and regulatory risks.
Supported onboarding to Aave V3 Core as it enables leveraged looping strategies with wstETH in E-Mode, capitalizing on its yield-bearing Ethereum exposure.
pufETH is a liquid restaking token on Eigenlayer that accepts ETH, stETH, or wstETH deposits and offers yields from PoS and restaking rewards, making it suitable for leverage looping with wstETH in E-Mode. Despite a sharp TVL drop after withdrawals enabled in October 2024, dual mechanisms—instant 1% fee redemptions or 14-day fee-free processes—have stabilized its peg near -0.1%, with sufficient DEX liquidity ($10.6M) and multiple audits reducing smart contract risks.
Puffer's pufETH received a generally positive qualitative assessment from LlamaRisk on its system architecture and suitability for safe Aave integration. Identified deficiencies in bug bounty program and access controls are being addressed to mitigate potential risks before onboarding.
The pufETH-long market undergoes IRM parameterization via stochastic simulations of utilization paths; optimizations aim to align rates with optimal utilization identified from oracle-based volatile periods, comparing models to balance efficiency and supplier withdrawal liquidity.
pufETH is a liquid restaking token from Puffer Finance, offering Ethereum staking rewards plus EigenLayer restaking yields with permissionless participation starting at 2 ETH. Its $279M TVL, audits by 10 firms, anti-slashing mechanisms, and backing from investors like Binance Labs and Coinbase Ventures support onboarding as collateral to boost Aave's yield options and diversification.
An is required to view token usage.
Tracking 8 pools, average APY 4.72%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabPUFETH | $45.15m | 2.43% | 2.40% | 0.03% | 2.07% | ||||
| open in new tabPUFETH-WSTETH | $1.89m | 0.08% | 0.01% | 0.07% | 2.27% | ||||
| open in new tabPUFETH-WSTETH | $1.1m | 5.58% | 1.47% | 4.11% | 5.73% | ||||
| open in new tabPUFETHFor buying PT-pufETH-25JUN2026 | $644,066 | 4.99% | 4.99% | 4.21% | |||||
| open in new tabPUFETHFor LP | Maturity 25JUN2026 | $644,066 | 3.87% | 2.03% | 1.84% | 4.35% | ||||
| open in new tabWETH-PUFETH0.3% | $494,225 | 3.83% | 0.32% | 3.51% | 2.84% | ||||
| open in new tabPUFETHETH-pool | $142,762 | 0% | 0% | ||||||
| open in new tabWETH-PUFETH | $44,326 | 12.25% | 0.50% | 11.75% | 12.86% |
Showing 10 of 32 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabPUFETH ➞ WBTC | $294.73m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WBTC | $100.28m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WETH | $92.05m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WETH | $51.94m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WSTETH | $50.42m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WSTETH | $49.42m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ WSTETH | $39.76m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ SFRAX | $37.33m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ RSETH | $17.37m | 0% | 0% | 0% | 88% | $142,762 | |||
| open in new tabPUFETH ➞ CBBTC | $12.97m | 0% | 0% | 0% | 88% | $142,762 |
