PufETH

6/6/2025 - Merkl-Puffer ETH Staking has a 30d APY of 0.52%, a TVL of 67,828,503, and an Exponential Risk Rating of B. This pool allows you to stake your pufETH with Proof-of-Stake validators who process blockchain transactions.

Merkl-Puffer ETH Staking on Ethereum (PufETH)

This pool allows you to stake your pufETH with Proof-of-Stake validators who process blockchain transactions. Your yield is generated from newly minted ETH granted to validators and blockchain transaction fees.

pufETH is a reward-bearing, DeFi-native liquid staking token that earns both Ethereum PoS and restaking rewards through a single token. Unlike traditional LSTs, it offers enhanced yield potential, simplified access to restaking, and decouples returns from individual validator performance for more stable and predictable rewards.

This pool has been receiving protocol incentives to encourage more user deposits

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool's economic design

Merkl-Puffer ETH Staking

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

Code quality of the underlying smart contracts

Merkl

Puffer

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

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Yield Source

This pool serves as a yield-generating account for you to earn yield on your ETH, subject to market conditions

Your yield is generated from staking rewards for participating in the Ethereum proof of stake mechanism to validate blockchain transactions