Amir Forouzani is the CEO of Puffer Labs.
In this episode, we cover Ethereum native liquid restaking protocol, Puffer Finance. Less than a month since its pre-Mainnet launch kicked off, Puffer has attracted over $ 1B in liquid staked ETH deposits. Learn about the vision behind one of the biggest LRT projects to launch this year, including how Puffer’s native LRT works, Puffer's anti-slashing tech, how node operators will run ETH validators with as little as 1 ETH, and what they have planned in their roadmap for 2024.
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The Edge Podcast Sponsor Resources
🌊 SWELL NETWORK | NATIVE LIQUID RESTAKING WITH RSWETH
www.swellnetwork.io/
💧 INSTADAPP | NEW LENDING AND BORROWING VAULTS WITH FLUID
fluid.instadapp.io/
🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS
www.mantle.xyz/
🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING
metamask.io/portfolio/?utm_source=defidad&utm_medium=podcast&utm_campaign=pdapp&utm_content=episode101523
🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS
kelpdao.xyz/restake
🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY
app.mav.xyz/theEdgePodcast
🔵 BLUEBERRY | THE DEFI PRIME BROKERAGE
www.blueberry.garden/
Timestamps
0:00 - Intro
5:19 - Founding Puffer
14:10 - Liquid restaking vs native liquid restaking
19:22 - Puffer's launch campaign
25:42 - Blueberry and Maverick mid-roll
27:21 - stETH depositors earning points
28:56 - pufETH token and withdrawals
30:43 - What happens when pufETH native liquid restaking is live?
32:32 - Future is LRTs
34:56 - Vault controlling stETH deposits
37:16 - AVS yield
40:27 - Closing
🔗 Guest Links 🔗
► Puffer Website: puffer.fi/
► Puffer Quest: quest.puffer.fi/
► Puffer on Twitter: twitter.com/puffer_finance
► Amir on Twitter: twitter.com/AmirOnchain
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad is an advisor to Puffer Finance. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
Welcome to this brief explanatory video about the DN-404 functionality of BONSAI.
(00:00:00 - Welcome)
(00:00:08 - What is DN-404? )
(00:00:48 - Example)
(00:02:08 - Outro)
So what exactly is DN-404?
It represents an experimental feature where an ERC20-Token-Contract and an ERC-721-NFT Contract are interconnected. This allows for seamless interaction between the two. In the case of BONSAI, 100,000 $BONSAI Tokens are equivalent to 1 NFT.
This means that once you have more than 100,000 BONSAI Tokens in your wallet, you automatically also have 1 NFT in your wallet. If your balance drops below 100,000, you lose the NFT. If you wish to transfer 100,000 BONSAI Tokens, you could simply transfer the NFT instead.
Example:
Website: bonsai.meme/
Bonsai on Lens: lenscan.io/profile/bonsai
ERC-20 Token Contract: polygonscan.com/token/0x3d2bD0e15829AA5C362a4144FdF4A1112fa29B5c
ERC-721 NFT Contract: polygonscan.com/token/0xe9d2fa815b95a9d087862a09079549f351dab9bd
NFT Collection on Opensea: opensea.io/collection/bonsai-token
Get BONSAI via Uniswap: app.uniswap.org/explore/tokens/polygon/0x3d2bd0e15829aa5c362a4144fdf4a1112fa29b5c?chain=polygon
Not on Lens yet?
Onboard now via lens.xyz
Audio licensed via artlist.io
"Quiet Rain by Adi Goldstein"
"Rain Drops Falling SFX"
(license nr. "lQssfZ" aquired by seliqui e.U.)