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Puffer vs ether.fi

How Puffer and ether.fi differ on token, backend, TVL and approach.

Pufferether.fi
TypeAnti-slashing LRTEigenLayer LRT
LRT tokenpufETHeETH / weETH
How it worksNative liquid restaking: pufETH is yield-bearing (mirrors wstETH) with Puffer’s anti-slashing tech to cut validator penalties; it accrues Puffer + EigenLayer points. Puffer also builds a based rollup.Stake ETH (or an LST) for eETH, restaked via EigenLayer (and beyond) to earn staking + AVS rewards; weETH is the wrapped, DeFi-friendly version. Uniquely, users keep control of their withdrawal keys. Also runs the ether.fi Cash card.
Restakes onEigenLayerEigenLayer (+ Symbiotic)
TVL*~$106M~$6B+
Best forSlashing-conscious restakersThe safe default — liquidity & integrations

Puffer

  • Anti-slashing tech (reduces penalties)
  • Native restaking, not just an LST wrapper
  • Puffer + EigenLayer points
  • Smaller TVL than ether.fi/Renzo
  • Anti-slashing adds complexity

ether.fi

  • Largest LRT by far (~65% share)
  • Deepest DeFi liquidity & integrations
  • Non-custodial withdrawal keys
  • Yield not always the highest
  • Systemic weight / concentration

Bottom line

Pick Puffer for slashing-conscious restakers; pick ether.fi for the safe default — liquidity & integrations.

* TVL = dated snapshot (DefiLlama + provider reports, 2026).