Puffer is a native liquid restaking protocol (nLRP) built on EigenLayer. It's designed to boost the performance and diversity of Ethereum's Proof-of-Stake validators, making native restaking more accessible and decentralized. The utility token is PUFFER.

Project Website | Whitepaper | Twitter | Telegram | Rules

How to participate

Here's a step-by-step guide to participating in Bybit Spot X Launchpool projects.

Via the exchange website

1. Go to Bybit.com.

2. In the top menu, click on the "Trade" button, then "Spot X" and select the "Pool" section.

3. Then click "Register" to participate in the respective project. After successful registration, you can proceed to staking and start earning tokens for the selected project.

4. Staking funds must be in your funding account. Specify the desired amount, accept the terms and click "Confirm".

Read Launchpool FAQ

Via the Mobile App

1. Download the official exchange app Bybit.com.

2. In the main menu, click on the "More" button, where all exchange sections will be visible. Then find "Spot X" and select the "Pool" section.

3. Next, click "Register" to participate in the respective project. After successful registration, you can proceed to staking and start earning tokens for the selected project.

4. Funds for staking should be in your funding account. Specify the required amount, accept the terms, and click "Confirm".

Terms

Stake your funds and get tokens for free.

During this period, stake PUFFER, USDT, or MNT and get a share of the 7,000,000 PUFFER pool for free!

To participate in staking on Bybit Pool, you need to complete KYC verification

Daily yield = [(amount of PUFFER, USDT or MNT) / (total amount of PUFFER, USDT or MNT staked by all participants)] × (daily PUFFER prize pool)

The daily yield will be calculated from the next day (T+1) after staking PUFFER, USDT or MNT. The calculated yield will be automatically credited to your funding account two days after the calculation period (T+2). Yield information will be updated daily at 3:00 AM MSK.

Our participation

We missed one day, then logged in from our four accounts to the maximum limit in the USDT pool for $8,000. We'll share our results after the staking is complete. The USDT pools are absolutely RISK-FREE!

There's no need to withdraw your deposit early. The staking history will show the auto-repayment date, and after the pool closes, you'll receive additional earnings for those days. The yield will be higher than during its operation since some participants withdraw.

Results

The staking in Bybit Pool with the PUFFER token has wrapped up. We got 7 payouts over the whole period, with 2000 USDT netting us 63 coins, which we sold for $30. The net profit was about 1.5% of the deposit amount.

We participated with 4 accounts, maxing out USDT on each, and bagged a total of 252 PUFFER (worth around $120).