Puffer & Olive: Collaborating for Enhanced Layer 3 Benefits!

Puffer Finance
@puffer.fi
2 min readMay 22, 2024

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Hey, Puffers 🐡!

We’re thrilled to announce an exciting new collaboration with Olive Network, a secure and developer-friendly Ethereum Layer 3 chain designed for full EVM compatibility and built around native ETH staking and restaking.

Exclusive Token Distribution for Puffers

As part of this collaboration, 1% of the total Olive tokens will be distributed to the Puffer community. Here’s the breakdown:

  • 20% of the tokens will go to all pufETH holders
  • 80% will be reserved for new pufETH stakers on Olive Chain

PufETH stakers on Olive Chain will enjoy a 1.5X boost in Puffer Points! By simply holding your pufETH on Olive Chain, you are earning 45 Puffer Points every hour.

What’s even better? You can also receive 20,000 Olive Chain points for each pufETH starting May 15th, 00:00 UTC.

Stake now on Olive!

*Invite Code: Olive

Puffer strives to make all PufETH holders have fantastic opportunities to explore new ecosystems and benefit from exclusive rewards as we expand our ecosystem. With Chapter 4 of the Crunchy Carrot Quest on the horizon, more partnerships are on the way.

Stay tuned and keep up with us on Twitter, Discord, and Telegram. Let’s make waves together! 🌊🐡

About Olive Network

Olive Network is a secure, developer and user-friendly Ethereum Layer 3 chain designed for full EVM compatibility and built with native ETH staking and restaking at its core. Leveraging Arbitrum tech and Eigen DA for data availability, Olive reduces costs while offering gasless transactions, fast finality, and Ethereum-level security.
olivenetwork.xyz

About Puffer

Puffer is the first native Liquid Restaking Protocol (nLRP) built on EigenLayer. It introduces native Liquid Restaking Tokens (nLRTs) that accrue PoS and restaking rewards. Nodes within the protocol leverage Puffer’s anti-slashing technology to enjoy reduced risk and increased capital efficiency, while supercharging their rewards through native restaking exposure. http://puffer.fi/

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Puffer Finance
@puffer.fi

(Re)staking for little fish. 🐡 Earn while decentralizing Ethereum.